The Maltese government has awarded 19 students blockchain scholarships worth a total of 160,000 euro ($179,000), local publication the Malta independent reports May 23.

The scholarships were granted by Silvio Schembri, Parliamentary Secretary for monetary Services, Digital Economy and Innovation, using the $351,000 scholarship fund that was founded by Malta Digital Innovation Authority (MITA) and also the University of Malta in August 2018.

According to the Malta independent, all the awardees can further apply for a Master's degree in blockchain and distributed ledger technologies (DLT), with separate teams of scholars specializing in blockchain studies regarding law, finance, business, and ICT.

The scholarships were declared throughout the ongoing Malta AI and Blockchain Summit, with Schembri claiming that the given scholarships represent the first awards of its kind.

Along with the scholarship announcement, Schembri additionally expressed that the Malta monetary Services Authority can issue the primary licences to blockchain firms this year. He noted that by the end of 2018, the number of blockchain corporations in operation from Malta reached 800.

In April, the MFSA approved the primary 14 crypto assets agents out of more than 250 entities that applied antecedently. The approval followed the adoption of the Virtual Financial Assets Act implemented by Maltese authorities in summer 2018.

Recently, Turkish Bahçeşehir University launched a blockchaincenter at Boston's Northeastern University to offer informational assistance on blockchain tech.

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