The country of Malta is leading the regulation of cryptocurrencies and blockchain technology, becoming the first nation to enact laws and / or clear guidelines on industry. To promote the country as a hub for innovation blockchain, the first Delta Summit was held in Malta from 3 to 5 October this year. Malta will host the event on an annual basis with the registration for 2019 already open on their website.
Binance takes part in the event
The Binanace team led by the CEO, Changpeng Zhao, was present at the event. Mr. Zhao, also known as CZ, was also a speaker at the event in which he encouraged other blockchain companies to explore the possibilities of establishing their operations and operations in Malta.
CZ summarized the reason for choosing Malta in a statement:
This is a country where leaders and the government understand blockchain technology.
Even Helen Hai, head of the Blockchain Charity Foundation (BCF), initiated by Binance, spoke at the summit and said this:
When you talk about blockchain for social good, it's not just a technical problem; it's actually about how to work with the traditional world. For this reason, leadership is very important. At this stage, we need industry shapers to drive technology to the right applications.
The president of Malta has "hosted a party"
The President of Malta, Marie-Louise Coleiro Preca, co-hosted a reception at San Anton Palace with Binance, BCF and the President & # 39; s Trust to support the use of blockchain technology in the fight against poverty. CZ, tweeted on receiving as follows:
#BinanceAngels share a picture with HE @presidentMT at the gala evening at the Palazzo del Presidente in #Malta. This is probably the first blockchain party hosted by a president of a country. We have come a long way from 10 meetings of people a few years ago.
The complete tweet can be found below.
#BinanceAngels share a picture with HE @presidentMT at the gala evening at the Palazzo del Presidente in #Malta. This is probably the first blockchain party hosted by a president of a country. We have come a long way from 10 meetings of people a few years ago. pic.twitter.com/IkFTwwpCS7
– CZ Binance (@cz_binance) 6 October 2018
The Binance team has decided to move their operations to Malta after the encryption ban in China at the beginning of this year. They also expressed their plans to expand globally by creating stores in Africa, Europe and Asia.
[Photo, the Binance team and the President of Malta. Source, twitter.com/cz_binance]