Malta Is Going to Launch a Blockchain Bank

It seems like Malta will soon open a financial institutions that will provide services for

blockchain

and crypto-related businesses, which is going to big a big step towards the introduction of cryptocurrency in Europe , since the conventional banks rarely have crypto-friendly terms.

RnF Finance Limited, a Maltese firm, has already applied to the financial authority of the country in order to get a license to create a blockchain bank.

Its CEO, Roderick Psaila, mentioned the

following

details:

“ The Bank shall engage into four main business streams: Offer banking services to corporates; Lending; Private Banking and Wealth Management. ”

The newly-emerged bank will focus its investments on the blockchain technology and artificial intelligence.

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