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Blockchain Island - How Malta Is Becoming A Global Capital Of Cryptocurrency - SimplilearnMalta has recently earned the name �Blockchain Island�, claiming to be the first jurisdiction in the world to adopt blockchain regulations. In a remote part of the South Pacific there is an island called Yap. Randomly placed around the island are thousands of large limestone and aragonite disks1. This is the �island� problem facing the current blockchain world. These islands are rich in resources, but due to their isolation, they can't.