Malta is living up to the nickname “Blockchain Island,” with the news that it could be adopting the Waves platform to tokenize financial assets.

Malta’s Prime Minister, Joseph Muscat, and representatives from the government met with the Waves team, including Waves platform & Vostok CEO Sasha Ivanov, to discuss potential scenarios for use of the platform in both government and corporate sectors. The fields under consideration are healthcare, land registry, voting, and tokenized financial instruments.

In an interview, both the Prime Minister and Waves founder spoke very positively regarding the future:

“We are interested in this accreditation and are ready to start working with Malta’s legal experts to bring our ready-to-use blockchain solutions here: Waves for the financial sector and Vostok for the government and corporate sectors.” -Sasha Ivanov

“Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.” -Joseph Muscat

In the past week, Waves has seen a dramatic price increase and it is still increasing much faster than other top coins.

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