Malta adds another cryptocurrency exchange.
Malta is looking to use the cryptocurrency bubble to stimulate economic growth. The country is seen as a laid back EU state with little to no regultions. Okex has decided to set up its base there.
We did report on the move of OKEx in one of our recent market updates. TRON (TRX) organisation has also reportedly been considering a move. Malta is definitely trying to make itself a crypto-paradise along with countries like Estonia. It will be interesting to see how they compare to other crypto-friendly countries like Japan that are still trying to have a high level of regulation.
As a cryptocurrency market participant what do you think about these moves? We are curious as to how other people are seeing them, considering the less than perfect reputation like places such as Malta have in the financial services industry. That's not to suggest there's anything nefarious about exchanges like Binance and OKEx moving there, as most are moving for broader tax reasons as a lot of businesses do.