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New Banks In Malta Likely To Embrace Blockchain

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Thu, 4/10/2018 - 16:50
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New Banks In Malta Likely To Embrace Blockchain
Cover image via U.Today
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Two or three banks in Malta that are to open within a year will likely embrace Blockchain and cryptocurrencies, says banking expert Roderick Psaila.

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“We are already seeing new, smaller banks show willingness to adopt Blockchain technology, but legacy banks will take longer to come round, because of their systems in place and because they tend to expect higher standards,” he said during Delta Summit today.

James Farrugia, a partner at Ganado Advocates, said that banks are waiting for a “solid anti-money laundering framework” before embracing cryptocurrencies.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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