Malta is Embracing Bitcoin and Blockchain in Sweeping National Strategy

Malta’s government is reportedly developing a broad national strategy that will see the government embrace bitcoin and blockchain innovation to promote and adopt the technology.

According to a report by Malta Today, the island nation’s Cabinet has approved the first draft of a national strategy to promote blockchain. The revelation was made by Malta’s Prime Minister Joseph Muscat, speaking at an official financial conference.

“We must be on the frontline in embracing blockchain and Bitcoin…we must be the ones that others copy,” the prime minister reportedly stated.

The prime minister bullishly added that Malta would become one of the first countries in the world to embrace blockchain technology on a national level. The national strategy, which is still in its draft stages, will be put up for public consultation soon, Muscat added.

While keeping most details under wraps, Muscat hinted a few applications of blockchain technology, particularly for record-keeping in registries.

The prime minister stated:

This is not just about Bitcoin, and I also look forward to seeing blockchain technology implemented in the Lands Registry and the national health

Read more ... source: CryptoCoinsNews

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