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Malta’s “Blockchain Island” Strategy Flagged as Problematic

Malta’s “Blockchain Island” Strategy Flagged as Problematic – FX Leaders

The Times of Malta announced on Sunday, that overall, $71 billion worth of digital currency has transpired through Malta since the small Mediterranean state initially introduced its “blockchain island” approach in 2017. In spite of the fact that Malta has redesigned its cryptocurrency guidelines, monetary police are worried about whether these updated regulations are enough to fight money laundering schemes and other financial crimes.