Like we have said, FintekNews tries (really hard) to focus on the US fintech community BUT every so often something comes along from far, far away that needs attention. Malta's Prime Minister is proposing that Europe should be the “Bitcoin Continent”? Oh please, nice try but it does seem that the Brussels’ group kind of has its hands full with the Euro and, like keeping countries, if you get my drift.
(Bill Taylor/CEO)
Prime Minister Joseph Muscat (of Malta) made five proposals today when speaking at the CEPS Ideas Lab conference in Brussels “Reconstructing the Union”.
His first proposal was that Europe should become the bitcoin continent.
The rise of crypto currencies, he said, could be slowed but cannot be stopped.
Rather than resist, European regulators should innovate and create mechanisms in which to regulate crypto currencies, to harness their potential and better protect consumers, while making Europe the natural home of innovators.His second proposal was that citizenship should be used as an innovative policy tool.
Citizenship, he said, could be one of the most innovative policy tools for any European Union member state. It could make Europe unbeatable in the global race of the future.....Dr Muscat proposed a European Integration Brexit Fund saying there needed to be a political agreement that a substantial part of the exit fee that had to be settled, or its equivalent, be used to create a new European fund which would invest in communities which felt most detached from the European project...."
Read Full Article at Times of Malta