NFTs could be getting the boot from this country's infrastructure. In November, Cointelegraph reported that Malta was leading the way in Southern Europe with regard to cryptocurrency regulation.
In 2018, the Maltese parliament enacted three laws establishing a comprehensive regulatory framework for blockchain and digital currencies. The Virtual Financial Assets Act regulates the field of initial coin offerings, digital assets, digital currencies, and related services, while the Innovative Technological Arrangements and Services Act enables the Malta Digital Innovation Authority to oversee the registration of technology service providers.
The country’s current financial regulatory framework recognizes four distinct categories of digital assets, subject to different sets of rules: electronic money, financial instruments, virtual tokens and virtual financial assets .
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