Singapore-based digital asset exchange, ABCC, has announced its plans to establish its European headquarters in Malta, in a move aimed at strengthening its presence in the region and beyond.
Additionally, the company announced its sponsorship of the blockchain-focused Delta Summit, being held from the 3-5th October in Malta.
The company’s announcement to open an office in Malta follows those of other major cryptocurrency exchanges, Binance and OKEx, earlier this year. Malta, often referred to as “the Blockchain Island”, is solidifying its reputation as a favourable destination for companies involved in the FinTech industry. The Maltese Parliament recently passed three bills into law establishing a regulatory framework for blockchain.
Silvio Schembri, Malta’s Junior Minister for Financial Services, Digital Economy and Innovation, welcomed ABCC’s decision to open a Malta office, commenting:
“This comes just a few weeks after the Maltese Parliament enacted into law the three highly anticipated bills which will pave the way for the creation of a new economic sector. I thank ABCC for putting their trust in Malta and for providing their input to implement our vision and make Malta the Blockchain Island. I look forward to ABCC’s participation in the Delta Summit, Malta Government Official Blockchain event, which will exhibit how far Malta has gone in becoming a leader in DLT regulation.”
Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation
“We are delighted to announce the opening of our first expansion into Europe and our partnership with Delta Summit. Indeed, we look forward to working closely with the Government of Malta and to support its transition into a digital innovation centre of excellence.”
Calvin Cheng, ABCC CEO
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