New degree will start in October this year
As of October this year, the University of Malta will offer a new degree specialising in blockchain and cryptocurrencies, Parliamentary Secretary Silvio Schembri has announced. A Blockchain Lab which will offer training to civil servants is also in the works.
The move follows criticism from PN Leader Adrian Delia when interviewed by Net News last week. Delia took aim at the government for not doing enough to ensure younger generations are equipped with the right tools to thrive within the industry.
Schembri was speaking at the launch of Palladium, a Malta-based blockchain company and the world’s first fully regulated Initial Convertible Coin Offering (ICCO). He said that the newly regulated sector will complement the other financial services industries around the island. He emphasised the need for Malta to retain its place at the forefront of innovation in this fast-changing industry.
The issuance of a tokenised convertible warrant – which is regulated by a prospectus approved by the Malta Financial Services Authority (MFSA) and subject to EU regulation – will give investors the right to convert the tokens into shares of Palladium three years after they’re issued.
Prof. Paolo Catalfamo, founder and chairman of Palladium, said: “We expect this project, which will create more than 100 job opportunities, to be a historic landmark and to bridge the gap between traditional financial services and cryptocurrencies.”