Malta proposes Europe should become the bitcoin continent

Speaking at the CEPS Ideas Lab in Brussels in mid-February, the Maltese Prime Minister proposed that Europe should become the bitcoin continent. ‘The rise of crypto currencies can be slowed,’ he said, ‘but cannot be stopped. Some financial institutions are painstakingly accepting the fact that the system at the back of such transactions is much more efficient and transparent than the classical ones.’

Among the firms in Europe testing the tech is Malta’s primary stock exchange, which in December formed an internal Blockchain Committee dedicated to exploring how the exchange might utilise the tech. Malta is currently holding the presidency of the Council of the European Union