Opinions

Criticism On Cryptocurrency Inactivity Rejected By Maltese Parliament

Malta, vying to be the first ‘Blockchain Island’, has shown a very pro-cryptocurrency stance in the past. This view hasn’t set very well with few in the opposition of the country’s parliament. Adrian Delia is one of the names.

In his recent remarks, Delia scorched the Maltese government on their silence regarding their pet ‘Blockchain Island’ project. He also hinted a criticism on cryptocurrencies by mentioning the crash in the price of Bitcoin. Bitcoin (BTC) has slid from $6,600 to $4,000 in mere three months.

In their response, the Maltese Government passed off these claims with information on the developments made in recent times for the project.

Malta’s Parliamentary Secretariat for Financial Services, Digital Economy and Innovation said that the Maltese Government was “going to be giving more peace of mind and protection for cryptocurrencies such as Bitcoin.”

While hitting back on the blockchain criticism, the secretariat mentioned Delia’s consistent disturbing attitude against revolutionary development projects the government had taken upon. The secretariat said that “the Opposition leader was free to keep taking this attitude whilst the government worked to prepare an economy for the future”

AI, e-sports and space were mentioned as the projects that were being worked on for a better Maltese future.

Joseph Muscat, the Maltese Prime Minister, is a huge believer in blockchain and cryptocurrencies. In his UN speech, he announced his vision of Malta to be the first Blockchain Island in the world.

Malta is slowly gaining grounds on cryptocurrency implementation, leaving behind almost all countries in the race. With the ferocious parliament support for blockchain as exampled above, it’s only a matter of time.

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Photo by Alora Griffiths on Unsplash

Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Contact the editor at editor.opinions@blockpublisher.com

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