Why is Malta the paradise island of iGaming and blockchain?
Malta is known to be one of the smallest countries in the world, and for the past years, it has been on everybody’s lips as the blockchain craze started. But Malta is also a hub for iGaming. Why is Malta the paradise island of iGaming and blockchain?
Why are all the iGaming and blockchain companies so drawn to Malta? Let’s talk about the exciting opportunities these companies have on the Mediterranean island.
Malta is THE iGaming and blockchain hub
Unlike any other hubs, Malta stands out by its diversity. Its geographical location ads as a bonus to the welcoming regulations and appealing culture. The overall practicality of business on the islands makes it the most desirable location for a business from the blockchain and iGaming sector.
Malta has approved 3 important laws (the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act) that have set a regulatory framework for the blockchain business. These three laws allow businesses to operate into a regulated environment, having the necessary legal tools.
Malta is the leader in the industry of iGaming and blockchain and remains the top destination for any business wishing to develop to the next level.
The diversity of the iGaming and blockchain business and staff
These 2 industries have a large number of services behind them and Malta is the country enabling all of them to easily come together.
Malta is considered the melting pot of all services needed for the 2 industries. Law firms and SEO agencies specialised in iGambling and blockchain are waiting for new partners in Malta. The unmatched resources offered by the country of Malta is one important factor in why this tiny Mediterranean island took the lead of these successful industries.
The diversity promised by the thriving services needed for the industries of iGaming and blockchain also means a high dose of multiculturalism in the Maltese society.
Malta has become home to professionals from all over the globe. The constant recruitment of multicultural staff is the proven way to success for business looking to step into new markets, which aim to offer a more familiar interface to their international users.
Big name companies relocated to Malta
Malta is the headquarters for many online casinos and blockchain companies. Swedish and British online casinos considered Malta the best location for relocation of their main office.
HashCash Consultants, Binance, and BitBay are some of the big cryptocurrency exchanges have also taken the opportunity to operate in a blockchain and crypto-friendly environment, by moving their operations to Malta.
All these companies only make it a more appealing location for new companies who want to make it big in the European and International markets. The business calendar is a busy one in Malta, as the year is loaded with business community events, and this enables great networking opportunities for those attending them.
Malta is the set location of live casinos cryptocurrency organizations
While Malta first became famous for its location, idyllic landscape and warm climate, it is now more than a movie set. Did you know that Gladiators, World War Z, Captain Philips and The Count of Monte Cristo were filmed in Malta?
But that’s not all the filming being done on this island. The largest online casino has live sets in Malta, where real croupiers deal at a blackjack table or spin the roulette. Dealers from all over the world perform here, on a daily basis.
But Malta is also home to a nonprofit organization that aims to aid cryptocurrency adoption in Malta. Bitmalta is working closely with the Malta Chamber of Commerce in its pursuit to promote the use of cryptocurrency.
The blockchain and iGaming industry is growing every year
iGaming is contributing 12% to Malta’s GDP and the industry is still ascending. The online gambling market is estimated to reach $94.4 billion by 2024.
in 2019, the Transport Minister of Malta signed a partnership with Omnitude, a UK blockchain startup, aiming to improve the public transport service using the distributed ledger technology.
With its relaxed regulation framework and new technological elements, such as virtual reality, AI and blockchain inovation, it’s clear why Malta is flooded with new ideas, investment opportunities and non-stop recruitment.
Malta is where all the industry professionals meet
These powerful industries also organize giant events which involve a huge number of attendees from all over the world.
SiGMA, the most important iGaming event, brought together 12,500 attendees from 80 countries and had over 400 business participating in 2019, in Malta. Each year, the event gathers more attendees than the previous event, setting a new record.
Many crypto and blockchain events happen all over the world, but one of the largest one, is the AIBC Summit (Annual Malta AI & Blockchain Summit), and one of the two biannual conferences happens in Malta.
The Blockchain Summit in Malta is a top priority for all tech companies from all over the world and the 2020 events are expected to connect over 10000 delegates, 400 exibitors and over 1000 investors. The Blockchain Summit is the place to present the newest companies, gain brand awareness and engage in all the networking events happening at that time.
Malta is a paradise island
On top of all that businesses oportunities, Malta is a paradise island. Located in the middle of the Mediteranean Sea, it is blessed with amazing weather all year round, and the nature is beautiful. As for the cultural side, it offers just as much. Malta’s geopgraphical position has always made it a strategic point for the great empires of the world.
Malta has the best of the best: culture, history, landscapes, sea. It is a wonderful destination for business and for leisure.