On Malta’s Independence Day, a leader of opposition Adrian Delia criticized the government for its pro cryptocurrency stance.
President of Malta, Joseph Muscat is a promoter of blockchain technology and cryptocurrencies in the country. In his United Nations speech, he shared his vision of making Malta the first Blockchain Island in the world. The country has taken several pro crypto stances in the past but the opposition is not very happy with such moves.
The opposition leader, Adrian Delia criticized digital assets by mentioning the recent crypto market crash. The country has signed wealth agreements and continually welcoming crypto businesses in the country but Delia is not convinced about the current trajectory. Last year, the country also welcomed one of the top cryptocurrency exchanges, Binance. Dalia believes, a lack of activity in recent weeks is the major cause of concern. According to Delia,
“Malta was touted as Bitcoin Island by the government but the government has been completely silent over the Christmas holidays on practically everything.”
In response, Malta’s Parliamentary Secretariat for Financial Services, Digital Economy and Innovation said that the government of Malta is planning to give more peace of mind and protection for virtual currencies such as Bitcoin. The secretariat also mentioned that Delia is consistently disturbing the government to going forward in the revolutionary field of cryptocurrencies and blockchain technology. The secretariat stated that,
“The Opposition leader was free to keep taking this attitude whilst the government worked to prepare an economy for the future.”
The secretariat further added the government is also ensuring that the common public stay informed about the potential scams in the industry.