Malta is one of the smallest countries in the world, with a population of less than 500,000. The island is a speck in the Mediterranean Sea, between Europe and Africa.
Malta gained its national independence from Great Britain in 1964.
As a small country with limited natural resources, they have the willingness and ability to move quickly to adopt new opportunities that can grow their economy.
Malta has made itself very welcoming to blockchain and cryptocurrency companies by establishing friendly regulation and low taxes for such businesses.
Hence, capital, start-ups and talent are leaving less friendly jurisdictions to set up shop in Malta.
So far, the welcoming hand has benefited Malta with a new influx of revenue for the country.
The above video includes interviews with the Finance Minister of Malta, Edward Scicluna; Changpeng Zhao (Binance); John McAfee; Tim Byun (OKEX ); Alexandre Dreyfus (chiliZ); and Marc Taverner (Bitfury).