Are we really slowing down? No, the adoption process do really takes time before making it to the real world, it is not instantaneous just because the time is good. It is clear to us now that we are going to use a digital currency in the future, as fiat currency or bank notes will be a threat to our health security. What government is doing is testing its job to fully put it under the law and regulate it under their hand.
This is not just a political related issue but more about money IMO. There is no such related issue before and I think crypto projects are welcome in Malta and quite it looks different by now. This regulatory board may have to chase something for crypto owners and giving no option for them to follow the rules or have money under the table to play. Maybe I was wrong but in the current situation, I think they are looking it to happen since knowing that crypto is a growing market and these people would like to get some share also.
Politics, this is maybe the very reason why such thing is happening in Malta. I don't know that much with Malta but it seems like they already lost their patience or lost something huge with crypto like projects or investment. Money talks figuratively, maybe there are businessmen who already commit mistake with running crypto and does not want it to be a thing in Malta. I'm trying to conclude what is happening in Malta because this might be the regretful part in the future when we are all using crypto by any means coz major countries like Russia is already testing some platform and creatimg laws for cryptocurrency.