Future Crypto News | Latest Country Updates for Crypto Currency

Malta

GDP

$14.65 Billion

Population

525.29 Thousand

GDP per capital

$27.88 Thousand

Malta (/ˈmɒltə/ (listen) MOL-tə, UK also /ˈmɔːltə/ MAWL-tə,[13] Maltese: [ˈmɐltɐ]), officially known as the Republic of Malta (Maltese: Repubblika ta’ Malta [rɛˈpʊbːlɪkɐ tɐ ˈmɐltɐ]), is an island country in the European Union consisting of an archipelago in the Mediterranean Sea, and considered part of Southern Europe.[14] It lies 80 km (50 mi) south of Sicily (Italy), 284 km (176 mi) east of Tunisia,[15] and 333 km (207 mi) north of Libya.[16] The official languages are Maltese and English, and 66% of the current Maltese population is at least conversational in the Italian language.

Light

Green

Banking

General adoption

High

Government View

The Maltese government is adapting quickly to the world situation and it is leading in it’s example towards crypto regulations. The government aim towards crypto-billionaires immigration.

Blockchain Projects

The Government of Malta is promoting Malta as an ideal destination for international companies to test and operate Blockchain technology.

Taxes and Regulation

There is no specific tax applying to crypto, nor VAT. So far, it seems that it does not aim to enforce Anti-Money Laundering from crypto and it was criticized by the EU by that. If an individual realizes a capital gain from long-term holding of a coin, and he is not doing so as part of his regular trading activity, that should not attract income tax on capital gains.

Trading Methods

Trading

Trading Crypto and mining is legal in Malta.

Privacy

Last Updated

Monday, 31 October, 2022

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