Category Archives: Digital Economy and Innovation

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Malta Offers 19 DLT Scholarships in Bid to Push Blockchain Education

Malta Offers 19 DLT Scholarships in Bid to Push Blockchain Education

Blockchain-friendly Malta is never slow to come forward with new crypto innovations and is now launching further into the education sector to prepare for the future with 19 students recently being awarded DLT grants.

Dubbed “Blockchain Island” by both the prime minister Joseph Muscat and Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, the DLT Scholarship Grants to University of Malta students show the intent to keep blockchain expertise on the island and not lose innovation to overseas employers.

Both Schembri and University of Malta rector Alfred Vella are working in tandem to ensure the island nation continues on its current path to make Malta the place for blockchain companies to call home, with local expertise supporting the industry on the island. Schembri commented on the latest move:

“These 19 awardees are a symbol of courage to embrace change and we definitely need more like them. I thank the and MITA’s future-looking mind-set and for their commitment in preparing future generations for the necessities of future industries, as well as the building blocks of Malta The Blockchain Island require everyone’s involvement, from the ground up.”

The Parliamentary Secretary went on to point out that the rate of change in the areas of ICT engineering and legal work needed blockchain to keep pace with technology, as it takes more of a central role across all of the professions.

The scholarships were given the green light back in 2018 which paved the way for a grant of EUR 300,000 (USD 330,000) which will allow for a three-year period enabling students to continue studies in blockchain and distributed ledger technology at both masters and doctorate levels.

The successful students will read for a Master’s degree in Blockchain, DLT as well as Law and DLT, Finance and Business, and ICT and DLT.

 

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Malta Still on Course for “Bitcoin Island”

Malta Still on Course for _Bitcoin Island_

The Maltese government has refuted criticism by the country’s opposition Nationalist Party (PN) leader’s comments that the government has been silenced by the fall in cryptocurrency markets over the past year.

PN leader Adrian Delia recently spoke out against the government suggesting that the current market had caused both silence and inaction following prime minister Muscat’s calls to create a blockchain island and make Malta a beacon for global cryptocurrency.

The Parliamentary Secretariat for Financial Services, Digital Economy and Innovation has hit back suggesting that numerous measures had been taken in the cryptocurrency sector and hinted at even more protection for cryptocurrencies moving forward.

The government also maintained that over the past weeks, a Cyber Security Steering Committee had been launched to make the public aware of fraudulent activity while continuing to promote new technologies such as new industries such as that of AI, e-sports, video-gaming and politics on space.

The Parliamentary Secretariat, the body responsible for the cryptocurrency sector, has maintained the focus is on creating an enabling environment for all stakeholders in the market to thrive.

Both Binance and OKEx signed agreements with the Maltese Stock Exchange (MSX) to create regulated security token exchange platforms in 2018, illustrating the popularity of Malta as a European blockchain and crypto hub. At the end of 2018, Malta’s Parliamentary Secretary Silvio Schembri announced at Delta Summit 2018 that Malta wants to be leading the cryptocurrency race, not the last one in.

With three highly significant bills at their second reading in the Maltese Parliament, Malta is pushing towards being the first country to bring into law every regulation necessary to fully support the cryptocurrency industry. The current proposed legislation, the Malta Digital Innovation Bill, the Virtual Financial Assets Bill, and the Innovation Technological Arrangements Services Bill are major steps along that route.

 

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