Blockchain companies in Malta are reportedly struggling with opening bank accounts, local news outlet the Times of Malta reported on Mar. 1.
The Times of Malta allegedly contacted a number of legal firms and financial companies, who confirmed that banks were declining their applications to open bank accounts, saying that it was beyond their “risk appetite.” The sources reportedly said that banks did not differentiate between digital currency and blockchain, though they were not always connected.
Parliamentary Secretary for Financial Services Silvio Schembri reportedly told the Times of Malta that some banks were willing to [...]
The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7.
The MoF will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies and building a feasible economic environment around the two technologies. The conference participants will also discuss the development of Small and Medium Enterprises (SMEs) and the governance of digital assets.
The MoF will also hold an open session [...]
The news is rife with wild promises made by blockchain advocates and the exaggerated suspicions of its opponents. By enabling the creation of cryptocurrencies such as bitcoin, ether, and XRP, blockchains have made some people fabulously wealthy while also, at times, facilitating fraud and money laundering. Although the technology is still in its early stages, we can attest—not least, because one of us serves on the board of a financial technology company that developed one of these cryptocurrencies—that it has enormous potential.
But so far, little has been written about the blockchain’s potential uses in the national security space, where blockchain technology could be [...]
Properly upholding legal agreements is critical to a successful startup business. Despite their importance, falling short in fulfilling these agreements is often a recurring obstacle for small and medium-sized companies.
Embracing the cutting edge in frictionless transparency and security, the Smart Startup Company wants to use smart contracts on a blockchain to solve this universal issue. Through their innovative model, SMRT will provide the smart contract on-ramp for startups and businesses seeking an efficient tool for legal contracts.
Using a model the company has coined “the vending [...]