Bitcoin, cryptocurrencies and blockchain are already adopted by the Maltese government and society. He even introduces it as the “blockchain island” of the world.
Now, in his speech to the United Nations General Assembly, Prime Minister of Malta, Joseph Muscat, uses blockchain technology as Bitcoin and crypto’s “inevitable” spread, mass adoption and future currency.
Muscat has stated in the past that Bitcoin and blockchain will eliminate third-party service providers, thus offering users more freedom over information and money.
Muscat has stated that “I passionately believe that technologies radically change and improve systems.. Therefore, Malta is on the way to become a blockchain island.”. Blockchain makes cryptocurrencies the inevitable currency of the future. More specifically, it helps separate good business from bad business.”
Malta’s perspective on Bitcoin and blockchain was previously appreciated by the global cryptocurrency industry.. Changpeng Zhao, CEO of Binance, said that his companies will invest in Malta, helping the growth of the local blockchain industry and cryptocurrency companies.
The Future of Bitcoin
Muscat praises Bitcoin and blockchain Especially in many countries around the world, Bitcoin and cryptocurrency companies discussed how to regulate it.
Muscat: “Blockchain can also provide serious solutions in the field of healthcare, for patients to be the real owners of their own medical records.. Emissions trading systems are the next phase of that.. It can help humanitarian aid reach its goal.. Now we can be sure that no one will be deprived of their legal rights because of their compromised data.”
“Emissions trading systems can be taken to the next level. We can help verify that humanitarian aid has achieved its intended goal. We can make sure no one is deprived of their legitimate property due to compromised data.”
Last month, the industry was labeled a “wild west” by the British Government, and it has been used to better regulate this emerging industry to prevent money laundering and reduce investor risk.
Nevertheless, there was good news for Bitcoin and cryptocurrencies last week.. US search engine giant Google lifted the ban on Bitcoin ads, paving the way for regulated cryptocurrency exchanges to advertise in the US and Japan, opening the industry to a large amount of potential investors.
The decision to lift this advertising ban is particularly optimistic about the value of Bitcoin last month.
In recent months, many major banks and financial services companies around the world have been preparing for Bitcoin products.. This includes the US investment bank giant Goldman Sachs.
Google’s lifting of the ban on Bitcoin advertising may partially open a door for financial companies to advertise their Bitcoin products on Google.
Again. Many people are still a little skeptical about the future of Bitcoin and cryptocurrencies, but younger people seem more open to accepting this new currency.. A survey published in August showed that students in the US are twice as likely to buy cryptocurrencies than the country’s average.. This figure is twice the rate of the general population and shows that adoption of Bitcoin will be easier for the next generation.