Malta (MDIA) – Blockchain applications being discussed

The Malta Digital Innovation Authority (MDIA) has launched a consultation process to start registering service providers and to certify blockchain applications. The consultation process will be divided into four stages. • The first consultation document published on Tuesday pertains to the System Auditor Guidelines. These guidelines outline the requirements for Systems Auditors registered with the […]

The Malta Digital Innovation Authority (MDIA) has launched a consultation process to start registering service providers and to certify blockchain applications.

The consultation process will be divided into four stages.

• The first consultation document published on Tuesday pertains to the System Auditor Guidelines. These guidelines outline the requirements for Systems Auditors registered with the Authority to carry out audits on blockchain applications.

• The second consultation document is on Innovative Technology Arrangement Guidelines which sets out the requirements to certify DLT Platforms and Smart Contracts.

• The third consultation document consists of the Technical Administrator Guidelines and outlines the requirements for the entity responsible to maintain and oversee the Technology Arrangements to safeguard user protection.

• Lastly, the fourth consultation document relates to the Resident Agent Guidelines which obliges non-Maltese companies/individuals to engage a person residing in Malta for their operations.

The documents can be accessed here.

Malta to Host the Blockchain Event ‘Delta Summit’

Malta has possessed its reputation to pick up its notoriety for being the blockchain Island; it is all on account of its positive attitude it has had towards the digital assets in addition to the distributed ledger technologies, DLT. It will host its first authority industry event, which will help bond its present position as […]

Malta has possessed its reputation to pick up its notoriety for being the blockchain Island; it is all on account of its positive attitude it has had towards the digital assets in addition to the distributed ledger technologies, DLT. It will host its first authority industry event, which will help bond its present position as the regulated digital currency and furthermore the center for initial coin offering.

The Delta summit will take place at St. Julians, located just on the Mediterranean coast. With this event, it is ready to be Malta’s legitimate stage that could be utilized to promote business open doors for the companies that are in the blockchain innovation, in addition to likewise proceeding to encourage the improvement of this innovation.

At the event except to see influencers, business pioneers, specialists, and innovation trend-setters, to trade the diverse thoughts they each have and talk about on an extensive variety of points that are crucial for the investors, CEOs, software developers, regulators, in addition to the different crypto enthusiasts in the market.

Joseph Muscat, the Prime minister of Malta,Silvo Schembri the Parliamentary Secretary, Changpeng Zhao the Binance CEO and founder and Larry Sanger the Wikipedia Co-founder are a couple of the noticeable people you should except to see. They will have the capacity to impart their insight of the blockchain showcase in addition to give a few bits of knowledge of the business improvement.

16 Gambling Regulators signed a declaration on risks between gambling and other forms of digital gaming

The gambling regulators of 16 European and American States and regions (Latvia, Czech Republic, Isle of Man, France, Spain, Malta, Jersey, Gibraltar, Ireland, Portugal, Norway, Netherlands, United Kingdom, Poland, Austria and the State of Washington) have signed a declaration to express their common worries about the dangers presented by obscuring lines among betting and different […]

The gambling regulators of 16 European and American States and regions (Latvia, Czech Republic, Isle of Man, France, Spain, Malta, Jersey, Gibraltar, Ireland, Portugal, Norway, Netherlands, United Kingdom, Poland, Austria and the State of Washington) have signed a declaration to express their common worries about the dangers presented by obscuring lines among betting and different types of digital entertainment, for example, video games.

Regulators distinguished comparative qualities in some rising gaming products and services which prompted their respective regulations of online gambling. While conceding to cooperating to altogether break down the characteristics of video games and social gaming, they are requiring a constructive discourse with the dependable agents of the video games and social gaming ventures.

You may read the corresponding official article, as announced by the MGA, here.

Malta blockchain Acts to come into force on 1st November

On the 11th of September, Mr Joseph Cuschieri, CEO of the Malta Financial Services Authority (MFSA) declared that Malta’s three blockchain Acts will come into compel as of the 1st November 2018. The Acts have just been collectively endorsed by Parliament; however, they will authoritatively begin regulating the industry on 1st November 2018. Over the […]

On the 11th of September, Mr Joseph Cuschieri, CEO of the Malta Financial Services Authority (MFSA) declared that Malta’s three blockchain Acts will come into compel as of the 1st November 2018.

The Acts have just been collectively endorsed by Parliament; however, they will authoritatively begin regulating the industry on 1st November 2018. Over the summer, the MFSA has additionally distributed various consultation papers to give further assistance to guarantors of ICOs, cryptographic money trades, innovation companies and other specialist co-ops in the business.

As of the 1st November, prospective licensees and issuers will officially start operating under the new Virtual Financial Assets Act. Until at that point, VFA Service Providers (counting digital currency trades, and in addition guarantors of ICOs may start offering their administrations in an unregulated way which does not establish a break of law. VFA specialist organizations will along these lines have a year from this date to consent to the laws and appropriate directions as issued by the MFSA. Then again, Issuers which have started their dispatch post 18th October, 2018 and in addition the individuals who have connected for tolerability to exchange their VFAs will have three months to wind up consistent and enlist their whitepaper.

Malta has been pushing towards formally turning into the focal point of brilliance in blockchain, crypto and ICOs. Indeed, as the Blockchain Island of the World, it was the first to direct the territory through the presentation of three acts: The Malta Digital Innovation Authority Act, the Innovative Technology Arrangements and Services Act and the Virtual Financial Assets Act.

Malta moves with cryptocurrency as the EU tightens regulations

Malta keeps on standing out as truly newsworthy regarding cryptocurrency developments. Starting back in May, they jumped onto the middle phase of the digital universe. It passed some a portion of the primary complete ace cryptographic money enactment in Europe. This exclusive took off as Binance presently declared that it was moving its central command […]

Malta keeps on standing out as truly newsworthy regarding cryptocurrency developments. Starting back in May, they jumped onto the middle phase of the digital universe.

It passed some a portion of the primary complete ace cryptographic money enactment in Europe. This exclusive took off as Binance presently declared that it was moving its central command there.

Binance is the preeminent advanced resources exchange on the planet. Malta has grasped all things crypto. This comes as the European Union has voted to take care of its controls on the cryptocurrency exchanges and ICOs.

Little of the digital assets’ exchange volume has beforehand happened in Euros. This has now changed drastically on account of Malta and Binance’s new company. Binance isn’t the only company standing out as truly newsworthy in Malta either nowadays.

Just two days ago, Bittrex unveiled its move into Malta. This leading American exchange did not migrate its headquarters as in the Binance case. Rather they have taken a critical 10% responsibility for blockchain organization Palladium headquartered in Malta.

High-level officials from Cryprocurrency Haven countries meet in Seoul

With the overall grasp of cryptocurrencies and blockchain innovation, a few nations are turning themselves in ‘Crypto Havens’ by receiving cryptocurrencies in the standard and grasping the fundamental innovation. Seoul, the capital of South Korea will be the scene for government authorities of these exceptionally nations to talk about and ponder the eventual fate of […]

With the overall grasp of cryptocurrencies and blockchain innovation, a few nations are turning themselves in ‘Crypto Havens’ by receiving cryptocurrencies in the standard and grasping the fundamental innovation. Seoul, the capital of South Korea will be the scene for government authorities of these exceptionally nations to talk about and ponder the eventual fate of this innovation and the effect it will have on the industry.

Estonia, Switzerland, Lithuania, Malta, Singapore and the city of Hong Kong’s governmental authorities will deliver their country’s perspective concerning their blockchain industry and its effect on the world at the Blockchain Seoul tradeshow, enduring three days from September 17th to 19th.

One of the key participants to the occasion will be simply the Governor of South Korea’s Governing area of Jeju Island, Won Hee-ryong who had freely announced his aim for the island to end up an uncommon industrial zone for blockchain organizations.

There is a common unwritten understanding between the going to nations to suit companies in this space amid a problematic period or following some administration activity. Following China’s ICO boycott a year ago, Hong Kong and Singapore facilitated a few Chinese organizations.

Malta was one of the first to apply legislation to support the blockchain business. The Malta Gaming Authority (MGA) is contemplating the economy and acquainting controlled digital currency with help fortify it. With the move of the blockchain environment Binance and the foundation of a fiat to advanced exchange, cryptographic money has been on the ascent in Malta.

The host nation, South Korea still can’t seem to dispatch an official strategy as for cryptocurrencies and blockchain companies. An exchanging ban isn’t on the cards, yet there is a need for there to be some straightforward data and laws to all the more likely oversee this industry. Exchanges haven’t been saved however, with the administration experts requiring a strike on the operational ones.

University of Malta Launches Blockchain and DLT Scholarship Fund

Malta keeps on leading the pack in the cryptocurrency and blockchain part with an intriguing new improvement in the educational segment. The University of Malta and the Malta Information Technology Agency have signed to an arrangement where a reserve of EUR300,000 will be made accessible for those students who wish to seek after their examinations […]

Malta keeps on leading the pack in the cryptocurrency and blockchain part with an intriguing new improvement in the educational segment.

The University of Malta and the Malta Information Technology Agency have signed to an arrangement where a reserve of EUR300,000 will be made accessible for those students who wish to seek after their examinations in blockchain and dispersed record innovation in the inevitable scholastic year. The reserve will be accessible for those understudies will’s identity having some expertise in ICT, law, finance and engineering.

The scholarship fund, which will be divided in more than three years, takes after the consenting to of an arrangement between the University of Malta and the Malta Information Technology Agency (MITA).

Students beginning their studies in the coming academic year can profit by the scholarship for Master’s and PhD explore theses identified with blockchain and DLT.

Scholarships will be accessible for courses with no less than 30 ECTS attributes specifically identified with DLT. Studentswill be given full sponsorship for the course.

Silvio Schembri, the Junior Minister for digital economy, said the scholariship would bolster endeavors to pull in blockchain companies to Malta, by guaranteeing that the essential HR were accessible locally.

“These companies need technical resources both to build and to operate by use of this technology, as well as experts in financial services, law and managerial roles. We look forward to see the first Maltese occupying these important and well-paid roles whilst also hoping that these will expand considerably in the future as the industry continues to grow here in Malta.”

The LeoVegas Group has propelled its new UK sports betting focuses brand, BetUK.com

The online operator recently its sportsbook 2.0 and new design for LeoVegas.com, a move which is presently being paralleled by the UK sports betting rebrand by means of its Rocket X subsidiary. As the UK market is one of the biggest on the world, LeoVegas trusts it offers the opportunity to create additional brands which […]

The online operator recently its sportsbook 2.0 and new design for LeoVegas.com, a move which is presently being paralleled by the UK sports betting rebrand by means of its Rocket X subsidiary.

As the UK market is one of the biggest on the world, LeoVegas trusts it offers the opportunity to create additional brands which can draw in various betting market.

Beforehand, the company has asserted the move will enhance its mobile position and in addition expanding its competiveness inside the games betting market.

Gustaf Hagman, LeoVegas Group CEO, said: “BetUK.com is a premium domain with a very strong link profile that ranks high on Google and other search engines. It is a very exciting move, and I am convinced that it will be a success with strong and sustainable growth.”

In preparation of the new brand dispatch, BetUK.com has just gone into a shirt sponsorship deal football club Swansea City to help increment the brand’s profile and accosiation with sports betting.

Provider SBTech has been picked as the supplier for Rocket X for various UK-confronting sites.

LeoVegas applied for a casino and sports betting licence in its native Sweden prior this month, proceeding with its “expansion strategy” of achieving income of €600m and EBITDA of €100m by 2020.

Google ‘Distrust Dates’ Are Coming Fast

Google Chrome’s last distruct of Symantec CA SSL certificates is quickly drawing closer. The beta version of Chrome will get the Chrome 70 update September 13th, now any site as yet utilizing an original Symantec CA mark SSL endorsement will start to receive browser warnings. This affects all Symantec CA mark SSL certificates issued before […]

Google Chrome’s last distruct of Symantec CA SSL certificates is quickly drawing closer. The beta version of Chrome will get the Chrome 70 update September 13th, now any site as yet utilizing an original Symantec CA mark SSL endorsement will start to receive browser warnings.

This affects all Symantec CA mark SSL certificates issued before December 1, 2017 and it applies to Symantec , Thawte, GeoTrust and RapidSSL.

The stable version of Chrome 70 is set to touch base around October 16, at which point more than 60% of the web won’t have the capacity to achieve sites that are as yet utilizing one of the influenced authentications. We are utilizing the Beta release as our deadline to discharge as our due date to give a buffer in case of replacing that supplanting declarations takes multi day or two.

DigiCert, which acquired the Symantec CA mark following its agreement with Google, has been dealing with the re-issues for Symantec customers and it has completed a dynamite work.

There was a considerable worry back in April when the principal gathering of Symantec CA SSL testaments was doubted that tremendous swaths of the internet would go down. That didn’t occur, and it’s a demonstration of the people at DigiCert who have worked resolutely to supplant millions (actually millions) of influenced SSL certificates.

The April distrust managed SSL testaments issued before June 1, 2016. DigiCert began re-issuing toward the start of December in expectation. The second distrust date is for all the rest of the Symantec CA SSL authentications.

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Blockchain subsidiary opened by Ganapati Group

The Ganapati PLC is extending by registering another subsidiary that will utilize blockchain innovations to build consumer loyalty, profitability and total financial capital reserves for growth. Given the novelty of blockchain technologies and the need to secure private and institutional financial investors, Ganapati has delegated two legal advisors as their co-CEOs from Japan and Malta […]

The Ganapati PLC is extending by registering another subsidiary that will utilize blockchain innovations to build consumer loyalty, profitability and total financial capital reserves for growth.

Given the novelty of blockchain technologies and the need to secure private and institutional financial investors, Ganapati has delegated two legal advisors as their co-CEOs from Japan and Malta of the new subsidiary called GanaEight Coin Limited to guarantee finish legality and consistence in building up the blockchain-concentrated part of the Group.

With this venture into another market, the Ganapati Group intends to expand its capital reserves with $3 million to $100 million that would be put into the advancement of new diversions and expanding the utilization of existing ones.

Hayato Terai and Dr. Kristina Deguara, both guaranteed legal counselors in Japan and Malta individually have accepted the posts as co-CEOs of the subsidiary called GanaEight Coin Limited, the lawful substance that will make computerized steadfastness cards as tokens that clients would have the capacity to exchange or use to acquire administrations from the new backup.

Eman Pulis, the CEO of SiGMA (Summit of iGaming Malta and Malta Blockchain Summit) also appointed as one of the Senior Advisors of GanaEight Coin Limited, the Issuer of G8C tokens.

Ganapati Group is expanding on its past accomplishment keeping in mind the end goal to dispatch itself into a significantly more prominent future with GanaEight Coin Limited, the dynamic platform that is relied upon to build the quantity of clients of Ganapati’s products, increment capital reserves by means of a token age occasion and open another, promising business sector.

Through this new venture, The Ganapati Group expects to encourage a fruitful and unfaltering advancement of the token age occasion (TGE) and position itself at the cutting edge of the business in light of a legitimate concern for the gamers, financial specialists and every other partner.

UPS Eyes Blockchain on offer to track global shipping data

Delivery giant UPS has petitioned for another patent that utilizations blockchain as a feature of a conveyed framework for sending bundles around the world. The patent application, distributed on Aug. 16 by the U.S. Patent and Trademark Office (USPTO), additionally unveils the company’s enthusiasm for utilizing blockchain to re-envision how shipments move the world over. […]

Delivery giant UPS has petitioned for another patent that utilizations blockchain as a feature of a conveyed framework for sending bundles around the world.

The patent application, distributed on Aug. 16 by the U.S. Patent and Trademark Office (USPTO), additionally unveils the company’s enthusiasm for utilizing blockchain to re-envision how shipments move the world over.

Entitled “Autonomous services selection system and distributed transportation database(s),” the idea includes putting away various sorts of information inside a disseminated record arrange, including data about a bundle’s goal, its development and transportation gets ready for shipment units.

As already reported, UPS joined a transportation-centered blockchain consortium in 2017 and has even alluded to tolerating bitcoin through a proposed arrangement of thing trade lockers.

Remarkably, UPS proposes utilizing in excess of one disseminated record with an end goal to track a scope of shipment arranges, “each providing varying information/data regarding respective asset types (e.g., shipment units and/or associated shipment units).”

“Thus, certain embodiments enable tracking of a first set of shipment units and a second set of shipment units associated with the first set of shipment units separately, thereby enabling the use of various smart contracts relating to shipping services and shipment unit handling in a bifurcated manner,” the company announced.

That the company would take a gander at various approaches to upgrade the procedure through which it moves shipments around the globe is maybe obvious, given its scale. According to its website, UPS shipped more than 5 billion packages and records a year ago winning $54 billion in income.

More blockchain companies move to Malta

Another day passes by and although August is a traditionally slow month in the business and finance circles, Malta does not seem to be resting on its laurels at all. After several announcements regarding cryptocurrency exchanges and crypto banks, we now have the announcement coming that ZB.com, the world’s fith-largest cryptocurrency exchange by daily trading […]

Another day passes by and although August is a traditionally slow month in the business and finance circles, Malta does not seem to be resting on its laurels at all. After several announcements regarding cryptocurrency exchanges and crypto banks, we now have the announcement coming that ZB.com, the world’s fith-largest cryptocurrency exchange by daily trading volume, is setting up shop on the sunny Blockchain Island.

ZB.com will set up its operations in Europe with the launch of a new exchange in Malta. The company, which is the world’s fifth-largest cryptocurrency exchange by traded value, will open an office in St Julian’s, a bustling business centre in the heart of Malta. This latest announcement follows those by Binance, OKEx and DQR, who have also opened offices on the island.

Parliamentary Secretary for Digital Economy and Innovation Silvio Schembri also tweeted about the announcement.