Three distributed ledger technology (DLT) and cryptocurrency-related bills were passed by Malta's Parliament on June 26th, 2018. The bills include the Innovative Technology Arrangements and Services Bill, the Virtual Financial Assets Bill, and the Malta Digital Innovation Authority Bill. The former two bills provide the Malta Digital Innovation Authority regulatory powers over DLT and virtual financial assets, and the latter bill establishes the organization. The country's crypto friendly legislation has attracted multiple exchanges such as OKEx, BitBay, and Binance to move their operations there.`