San Marino is a microstate completely surrounded by north-central Italy. The country might be the world’s oldest republic, but its plans with blockchain technology are cutting-edge. Its goal is to become a world-leading hub for blockchain. In order to get there, the Government is building a world-class team of experts to advise it.
Regulatory certainty is not something currently associated with blockchain and cryptocurrencies. San Marino Innovation, a state-owned company, is building a robust legal and regulatory framework for companies wanting to advance blockchain technology within the country, giving them certainty. Last week its first set of rules was ratified by the Government Decree.
Sergio Mottola, President of San Marino Innovation, said:
San Marino is ideally placed to become a global blockchain hub. By nurturing this disruptive technology, The Republic wants to become a leading country in blockchain technology, backed by favorable regulation and legislation that attracts and incubates innovative startups, as well as enterprise companies which wish to trial digital ledger technology, creating an environment in which their digital economy ideas can thrive.
San Marino Innovation’s remit extends to studying the applications of blockchain technology. It hopes this understanding will give it the edge in creating legislation that is progressive and welcoming to startups wishing to develop digital ledger technology. To bolster its efforts, it has appointed José Maria Macedo as its tokenomics expert. José currently works at the crypto advisory firm, AmaZix where he holds the position of head of advisory.
Mottola explains:
We have sought global experts to help build our vision, and we are pleased to add José Maria Macedo, partner at AmaZix, to the committee as our tokenomics expert, and to advise on blockchain regulation and policy.
Macedo, Partner and Head of Advisory at AmaZix, said:
It’s an honor to have been selected to join the committee of San Marino Innovation. With the backing of the Government of the Republic, it is building an ecosystem that will attract the best blockchain businesses from around the world and secure San Marino’s place as a leading global blockchain hub.
