- Maltese government awarded over a dozen students with scholarships for blockchain technology.
- The total scholarship fund is worth $351,000, and the recent awardees received about half of that amount.
Malta has been the unofficial blockchain capital of the world, and the way that they are supporting potential developers in their country speaks volumes.
According to a report from the Malta Independent on May 23rd, the local government has decided to award 19 blockchain scholarships to students in the area. The total value of the awarded scholarships is 160,000 euro ($179,000), and they were awarded to the students at the Malta AI and Blockchain Summit.
The scholarships were approved by Silvio Schembri, who is the Parliamentary Secretary for Financial Services, Digital Economy, and innovation. The scholarship itself was created jointly by Malta Digital Innovation Authority (MITA) and the University of Malta in August last year, totaling $351,000.
As a condition of the scholarships, the awardees will need to apply for a master’s degree with a major in blockchain technology and distributed ledger technologies (DLT). The different groups of the students will also need to specialize in blockchain tech’s association with law finance, business, and ICT. Schembri stated that these scholarships are the first of its kind.
This year, the Malta Financial Services Authority will be issuing licenses to blockchain companies for operation, according to Schembri. At the end of last year, there were over 800 blockchain firms in operation.
Just last month, the MFSA decided to approve 14 crypto assets agents for the first time, though there were 250 applications. This approval came just after the authorities enforced a new law called the Virtual Financial Assets Act.
Turkey seems to be taking after Malta, launching their own blockchain center at Boston’s Northeastern University, thanks to Turkish Bahçeşehir University. This blockchain center will be providing the region with information about the technology.