Blockchain Island Dream Is ‘Calculated Risk’ Says Malta Leader
- PM says working with PwC, licenses to be issued by November
- Smallest EU nation bids to become global cryptocurrency hub
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Malta’s prime minister is doubling down on the booming blockchain industry in a bid to diversify the European Union’s smallest economy -- and to even fight corruption.
"We’re taking a calculated risk,” Prime Minister Joseph Muscat said in an interview on Monday, by cutting "layers of bureaucracy" and offering fast-track approvals for digital players to set up shop on the island.