Summary: Microstates within new monetary unions have higher masters. Eurozone’s masters are in Brussels and Frankfurt who are both skeptical of Malta and also i

Summary: Microstates within new monetary unions have higher masters. Eurozone’s masters are in Brussels and Frankfurt who are both skeptical of Malta and also into heavy regulation and not into crypto. So Malta would be down for whatever but they also have to try remain in the graces of their masters. Malta is also not a competent jurisdiction, its a pirate den with sovereignty, so whenever they bandwagon jump on an industry they try to attract they mess up the regulations because they dont know what a comprehensive approach looks like. Their crypto regulations fell into a mixture of incompetence and appeasing brussels. Other microstates like Leichtenstein, for example, are not Eurozone and also competent. They are in a monetary union with Switzerland who is also very crypto friendly at all public sector levels except the incumbent banking private sector. So Malta dropped the crystal ball and is in a less geopolitical circumstance to repair it.