“As a hard-nosed, self-made businessman, I believe that Malta represents the best destination for ambitious UK firms that must have a post-Brexit presence in the EU” — Michael Ashcroft The departure of Europe’s number one destination for foreign direct investment has sent shockwaves throughout the world and created confusion and uncertainty for the European Asset...
Personal Data is not just a Name and a Surname. The GDPR’s definition of personal data is very broad and includes any information which directly or indirectly identifies a living individual. Your name and surname would identify you as a person, BUT what if you have a common name?
Living in a data-driven world where almost every aspect of our lives revolves around and involves the collection, processing and retention of data, the 1995 Directive struggled to keep up with the hasty technological developments. This is why in 2012, the European Commission published legislative proposals for data protection reform across the European Union, with...
Malta has developed a progressive approach towards distributed ledger technologies and cryptocurrencies, to the extent that we have now have a regulated framework. The VFA Act is an innovative legislation which regulates Initial Virtual Financial Assets Offerings and outlines their licensing requirements, entitled The Virtual Financial Assets Act, 2018. Now, if you are a Service...
On the sunny Mediterranean island of Malta, everything revolves around blockchain technology. Before the Malta AI & Blockchain Summit takes place in a few weeks, the Maltese government is making headlines with the announcement of several exciting blockchain initiatives. At the same time, a separate bank is being set up to concentrate on financing blockchain...
The Malta Blockchain Summit is coming back! On May 24th and 25th, the eyes of the Blockchain World will be eagerly set on the sunny Mediterranean island of Malta where the greatest names and authorities of the Blockchain and Crypto world will gather and discuss the future of this groundbreaking industry. However, Malta is not...
After the Maltese government had already promoted its goal of positioning itself as “Blockchain Island” with the organisation of the Delta Summit in October, the big Malta Blockchain Summit followed. From November 1st to 2nd more than 5000 crypto enthusiasts, blockchain developers, start-ups and investors gathered at the Intercontinental Hotel in St. Julian’s. The Maltese...
A ‘Smart’ Introduction. You may all be familiar with ‘Skynet’ — the fictional neural-based conscious group and artificial intelligence system that serves as ‘the Terminator’ film series’ main antagonist. In the movie series, Artificial Intelligence (AI) had reached a stage where it was finally able to consciously decide and execute its plan [albeit rather unilaterally/independently]...
As an institution, the EU has helped many European countries progress. Certainly, this also includes Malta, which has been a member of the Union since 2004. Generally, I see myself as a citizen of Europe and welcome the European confederation. Still, at the same time, I sometimes find myself upset over individual actions taken by...
IMF releases statement praising government work on Malta In a recent statement, the IMF praised Malta’s government work. Stable economic growth in particular was one of the positive outcomes of work well done. Sustained structural reforms, the strengthening of both the public and private sectors and a sustainable fight against unemployment will lead to positive...
