Malta to develop AI strategy after success as "Blockchain Island"


The Maltese government has announced the formation of a task force to develop a national strategy of artificial intelligence (AI), Cointelegraph reports Tuesday, November 1 from the summit of Blockchain in Malta.

The junior minister for financial services, the digital economy and innovation, Silvio Schembri announced the launch of the government initiative "", which states that Malta aims to become a nation AI at the summit. He said the country would develop a friendly regulatory environment for AI in the same way it did for blockchain technology:

"Having successfully positioned Malta as" Blockchain Island ", having been the first in the world to regulate DLT (distributed ledger technology) products and services, we would now like to position Malta among the top 10 countries in the world with artificial intelligence. policy."

The government has already launched a website for its national IA strategy. According to official statements at the Blockchain Summit in Malta, IA projects will be monitored by the Malta Digital Innovation Authority, the same organization that controls the DLT. The goals of the government are:

"… to dialogue with stakeholders, to raise awareness on key issues and issues that will inform a national framework of artificial intelligence, to consult a policy that considers an aligned, transparent and socially responsible IA, identify regulatory and fiscal measures to strengthen they attract as a hub for foreign investment in this sector and identify the skills base and infrastructure needed to support artificial intelligence. " will work with SingularityNET, a decentralized market for AI services, in a pilot project to "explore a citizenship test for robots in the process of drafting a new regulation for artificial intelligence".

SingularityNET, which is working with the famous Sophia robot built by Hanson Robotics, based in Hong Kong, has launched its own AGI token, with a total market capitalization reaching almost $ 33 million according to CoinMarketCap.

Malta has acquired a reputation as a proactive and friendly jurisdiction for the blockchain and the encrypted business. The government has announced plans to make the country the leader in the DLT in February of this year.

In early July, the country's parliament approved three draft laws establishing a clear regulatory framework and a legal framework for the crypto and blockchain industries. Since then, the country has become a popular area for cryptographic startups, including global cryptographic exchanges such as Binance, OKex and BitPay.

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