As someone who lived in Malta for 10 years, this article is over-optimistic and promotional. Malta always failed to really become the "Blockchain Island", starting from its high costs. Indeed, the article mentions the lowest expenses, but fails to mention that a blockchain license can cost even 100,000 EUR, too much for any web3 startup. Indeed, web3 companies soon looked at Estonia when it comes to licensing, thanks to its lower costs and more professional and friendly environment.
Last, but not least, despite Malta got out quickly from FATF's grey list, its reputation is still tainted, and to this day, many banks still refuse to process payments to/from Maltese banks. This can be another serious problem for any business with global aspirations.
Thanks Alex for giving your point of view ! It's really important to have counter-opinion in Chain Reaction. If you want to write an article for us on a field you are an expert on, please let us know. We would be happy to have you as guest writer :)
As someone who lived in Malta for 10 years, this article is over-optimistic and promotional. Malta always failed to really become the "Blockchain Island", starting from its high costs. Indeed, the article mentions the lowest expenses, but fails to mention that a blockchain license can cost even 100,000 EUR, too much for any web3 startup. Indeed, web3 companies soon looked at Estonia when it comes to licensing, thanks to its lower costs and more professional and friendly environment.
Last, but not least, despite Malta got out quickly from FATF's grey list, its reputation is still tainted, and to this day, many banks still refuse to process payments to/from Maltese banks. This can be another serious problem for any business with global aspirations.
Thanks Alex for giving your point of view ! It's really important to have counter-opinion in Chain Reaction. If you want to write an article for us on a field you are an expert on, please let us know. We would be happy to have you as guest writer :)
Let me think about what I can write :))