BitBay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country as banks will no longer cooperate with the company, the exchange announced May 29. The exchange will instead be conducted by a new supplier in the jurisdiction of the Republic of Malta, where local laws are more crypto-friendly. BitBay states that their business in Poland is contingent upon cooperation with national banks, but the last Polish bank ready to provide services to the exchange decided to cease its business with the exchange at the end May. BitBay will terminate the user contract to provide …

Switzerland is ranked number one in a list of the top ten European countries for starting a blockchain company, according to a study released by blockchain conference BlockShow Europe 2018. In the list of best countries for starting a blockchain company, Gibraltar and Malta follow Switzerland in second and third respectively. The study consisted of 48 European countries that were examined for rankings by Initial Coin Offering (ICO) regulations, regulations on crypto as a payment service, and taxation frameworks for crypto. Switzerland is known as a crypto-friendly nation due to both its establishment of a virtual currency hub, “crypto valley,” …

The Transport Minister of Malta has announced a partnership with UK middleware blockchain startup Omnitude to improve the Maltese Public Transport Service, local news outlet The Malta Independent reported May 17. Malta has expressed the aim of becoming the “Blockchain island,” a goal helped by major crypto exchange Binance – the world’s second largest crypto exchange by trading volume, according to CoinMarketCap – announcing plans this March to open an office in the country. In April, OKEx, currently the world’s largest crypto exchange by trading volume, also announced their intention of expanding to Malta. Malta’s Transport Minister Ian Borg said …

Thanks to its well-defined regulatory framework, Malta now accounts for the largest share of cryptocurrency trading volume in the world. This conclusion comes from a Business Insider report Sunday, Apr 29, that cites a recent research done by the Morgan Stanley bank. A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading volume across all countries, based on volume data from Coinmarketcap and company registration info listed on the websites of the respective exchanges. The top five countries by crypto trade volume are, in order, Malta, …

The demand for Bitcoin and the rush to invest in the digital coin are growing daily. Despite the criticism and ‘fraud’ accusations, great names like Goldman Sachs Group Inc. are thinking about introducing a cryptocurrencies trading desk and what kind of legal bottlenecks are involved. Image: the street It was reported earlier that the company is considering the possibility for its investors to trade in Bitcoin. The bank is yet to commence cryptocurrency trading and is looking into the legal implications. A bank as experienced as Goldman Sachs wouldn’t want to jump into a business that may face regulations in …

MGA (Malta Gaming Authority) and other gaming regulators will possibly recognize Bitcoin in 2016. That step will help popularize Bitcoin among both online casinos and gamers. It will also attract to Bitcoin casinos that use fiat money. The Bitcoin online gambling market will continue developing in 2016. Bitcoin casinos are working hard to make their clients’ experience even more pleasant and exciting. For example, NASCasino.com now offers provably fair games and they are able to redirect savings on processing fees / fraud into player bonuses and marketing. Casino representative, Stephen Turk, told Cointelegraph: “I think bitcoin casinos are beginning to …