The government of Malta has set up a Blockchain Taskforce that will make recommendations for the National Blockchain Strategy roadmap, Times of Malta reported.
Earlier this year, the Cabinet approved the National Blockchain Strategy by the Cabinet. This was followed by a call for proposals by the Parliamentary Secretariat for the digital economy from seven financial services advisory companies.
“The Government is now announcing a Blockchain Taskforce entrusted with reviewing the proposals made to it and to make its recommendations for a clear roadmap to be taken by the Government to implement its National Blockchain Strategy, aimed at materialising the opportunities of distributed ledger technology,” the official release said.
The taskforce will be chaired by Vincent Muscat, Permanent Secretary for the Parliamentary Secretariat. Muscat will be assisted by members Steve Tendon (Blockchain Expert), Dr Ian Gauci (Legal Expert), Joseph Cuschieri (MGA Executive Chairman), Loui Mercieca (Blockchain Expert), Wayne Grixti (MITA Enterprise Architect), Carlo Stivala (Finance Expert), and Mario Borg (Economist).
The government seeks to create an “ideal ecosystem” for those interested to invest in this emerging technology. It said that there is a considerable interest from local and private investors. In order to create such an ecosystem, the government is considering setting up a new regulatory function with the primary objective of harnessing the blockchain technology with a legal operational framework.
“The Government…will remain open for the discussion of innovative ideas rendering this disruptive technology into a catalyst for the further growth of Malta’s digital economy”, it said.
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