Waves Promotes Crypto Ecosystem On ‘Blockchain Island’.

We are very excited to announce that our CEO Sasha Ivanov has started negotiations with the Maltese government, concerning Waves’ accreditation to work within the territory of the state.

Waves CEO, Sasha Ivanov, met with Hon. Dr Joseph Muscat, Prime Minister of Malta, and representatives of the Maltese government, to discuss potential scenarios for the use of the Waves platform in the state’s government and corporate sectors.

Waves attended a meeting with government representatives and other interested parties on the island to discuss technological cooperation in the fields of healthcare, land registry, voting and other areas, as well as proposals to use Waves as a platform for tokenised financial instruments.

The meeting was attended by Dr. Joseph Muscat, Prime Minister of Malta; Hon. Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation from the Maltese side; and Sasha Ivanov with Artem Tolkachev, Member of the Board of Tokenisation Standards Association, from the Waves side. Separate meetings were held with Stephen McCarthy, CEO of Malta Digital Innovation Authority, as well as representatives of the Malta Financial Services Authority.

These first steps were encouraging and discussions will continue. The most positive outcome of the process would ultimately be accreditation for the company to work within the territory of the state.

‘We are interested in this accreditation and are ready to start working with Malta’s legal experts to bring our ready-to-use blockchain solutions here: Waves for the financial sector and Vostok for the government and corporate sectors,’ said Sasha Ivanov, Waves Founder and CEO.

Earlier, Malta’s Prime Minister, Joseph Muscat, commented on this topic: ‘Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.’

Junior Minister for Financial Services, Digital Economy and Innovation Silvio Schembri stated that ‘Malta is going through exciting times with world-renowned names associating themselves with us.’ Schembri also said that he is ‘looking forward for even further cooperation with the Waves Platform in the coming weeks.’

We are likewise looking forward to working with regulators and businesses in Malta to pioneer and spread the use of the Waves platform and blockchain technology across many different sectors and use cases, throughout this crypto-friendly state’s economy!