Leon Siegmund, co-founder of the Malta Bitcoin Association and founder of cryptocurrency ATM operator BitClub Malta, said of Malta's current appeal to cryptocurrency companies: "The hype is really over. Internationally, Malta is no longer Then there is the hotspot. Germany now allows domestic banks to host Bitcoin wallets. "Siegmund said that Malta's license is now much less popular than it was before, it is too expensive and does not provide any value. The makers of Malta's regulations were very bold, but they did not take into account their position within the EU and the adjustment of the fifth anti-money laundering directive. Non-compliance will bring more unwelcome scrutiny to Malta.