We have seen some of the biggest crypto Exchanges, like Binance and OkEx moved to Malta and another bigger exchange Bittrex is also considering to open their office in Malta.
But why Malta?
One obvious reason is that the government announced in January that it was in the process of establishing a Virtual Currency Act and a Digital Innovation Authority and that both will provide a regulatory framework to allow crypto companies to operate.
Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
Thats true, and apart from just that I also think that other countries are kicking against Bitcoin (not really all of them) but they have rules that doesnt really favor cryptocurrency, so maybe thats also for all of them to be moving to Malta, and by the way the government of Malta is keeping an open arms for it, so that will be the best place for it.
of course, a government that accepts bitcoin will be the main destination for bitcoiners. and now Malta is prosperous, because we know gambling and beaches are a favorite destination for tourists