
Estonia tests water for own virtual currency
Following the success of cryptocurrencies, such as Bitcoin, some in the Baltic nation propose introducing their own version for their e-residents. But what about the euro?
Friday
25th Aug 2017

Following the success of cryptocurrencies, such as Bitcoin, some in the Baltic nation propose introducing their own version for their e-residents. But what about the euro?

Estonia's e-residency programme is attracting attention from Ukraine and Russia, and provides an option for British businesses who want to remain active in the EU post-Brexit.
The fine for violating the EU principle of net neutrality is €9,600 in Estonia, while it can be up to €1 million in Bulgaria, Luxembourg, and Belgium.
Estonia calls the out-of-border backup, which will include copies of its citizens' health data, population data, and business registries, a data embassy.
Baltic nation of 1.3 million inhabitants plans to use its EU presidency to showcase its status as a digital frontrunner.

The next few months will be decisive in selecting who stays in the core of the EU and who stays behind, writes Tomas Prouza, a former state secretary for European Affairs of the Czech Republic.

EU countries have declined to help Italy by opening their ports to migrants, but aim to expel more people and impose “rules” on NGO rescues.

The official opening of the EU presidency takes a surprising twist.

President Kersti Kaljulaid said countries should start small with digital changes in society: "I would never advise using e-voting as the first digital service".
Maltese leader Muscat was sworn in for five more years on Monday despite “aggressive” revelations about offshore firms.
Corruption allegations could still sink the Maltese government in elections on Saturday that take place in a "tribal" atmosphere.
Complexities in the organic sector in the country holding the EU presidency illustrate difficulties of agreeing new rules at EU level.
Following the recent devastating WannaCry cyberattack, which affected over 200,000 people globally, there needs to be a joint effort to ensure Europe's systems are secure.
Maltese finance minister Scicluna claimed there were "no offshore companies in the EU", rejecting what he called media "lynching" of his country on tax dodging.
The smallest EU nation has come under extra public scrutiny because of leaked documents dubbed "the Malta Files".
Malta's latest ideas on solidarity in the Dublin asylum reforms failed to convince fellow EU states at Thursday's meeting.
Joseph Muscat said he would resign if an inquiry links him or his wife to an offshore firm in Panama.
While the smallest EU state has been commended in Brussels for its smooth presidency of the Council, domestic politics are characterised by heated polarisation with accusations and insults often being traded.

Justice ministers from 13 EU member states have confirmed they will take part in the European Public Prosecutor's Office with another three set to join in the next few days.

Despite ambitious plans and a top political priority to fight childhood obesity, Malta has only managed to halt the rise of obese and overweight children.
Heads of state and government have agreed to allow a core group of EU states to set up a European Public Prosecutor Office to probe VAT fraud and crimes against the EU budget.
A letter by Maltese prime minister Joseph Muscat, which will be discussed at the EU summit, provides an overview of plans to keep migrants in Libya.

A recent conference highlighted the opportunities and challenges the EU faces in its neighbourhood south of the Mediterranean.

Malta's prime minister Joseph Muscat said that Pope Francis has "the skills and vision" to inspire the EU and that some EU countries should integrate more to be able to act.
Can traditional Chinese medicine help the modern European patient? Malta thinks so, in a new agreement with China.
Activists hope the EU presidency of Malta, a recent LGBTIQ champion, will help to put their rights higher on the EU agenda.

Opposition claims that a new defamation bill would end freedom of expression online are “a complete untruth”, Owen Bonnici tells EUobserver.

'There is no time to lose,' Elzbieta Bienkowska told member states. 'There is systematic failure in the type approval system in Europe.'
Malta's government proposes widening libel laws to include all sorts of material published online.
EU leaders endorsed an Italian deal with Libya to help the North African country stem the flow of people, and pledged €200 million to help its coastguard patrol the seas in an effort to curb migration.