'Blockchain Island' Thriving: Malta Set to Lead European Growth in 2020

'Blockchain Island' Thriving: Malta Set to Lead European Growth in 2020

Gate Trade News Saturday, November 9, 2019 27 19

Malta, AKA "blockchain island," looks set to lead Europe as the continent goes into its seventh consecutive year of economic growth. The island’s economy is forecast to expand by 4.2% over the course of 2020, driven, in part, by its embrace of blockchain technology. The government passed the Malta Digital Innovation Authority Act, in 2018, which has set the nation apart from almost every other and has made Malta a highly attractive destination for blockchain-related startups.