All I'll say is that the government is smart, progressive and visionary. They know that the cryptocurrency industry has come stay and they can actually profit from it, including their citizens by putting in place the right regulatory frameworks and policies.
That is the thing! When you have a government that is most especially visionary, can easily see what no one can see, and they have the zeal to want to see the space as well as their economy thrive, coming up with regulatory and lenient framework for regulation will not be a hard thing at all.
Also, businesses tend to move to a region where they are accepted. It is just like normal humans, we drift towards a space or an alternative, where you know you will most definitely thrive, so the fact that Malta is a favored location for crypto exchanges and even businesses is just as a result of how Malta has decided to accept the growth of cryptocurrency businesses.