Malta has emerged as a global leader in blockchain innovation, recently passing a series of pro-blockchain bills into law that have caused blockchain and cryptocurrency platforms around the world to consider “Blockchain Island” as a potential new base of operations. Maltese real estate isn’t only for international crypto exchanges such as Binance, however. A new crypto real estate platform offers crypto investors worldwide to gain a foothold on Blockchain island.
Cryptohomes.io is offering the first-ever cryptocurrency real estate sale on the island of Malta, presenting discerning cryptocurrency investors with the opportunity to purchase an 860 m² palazzo based in Valletta. Boasting a massive 18 bedrooms, the property holds the potential to be converted into a rental investment or boutique hotel, with commercial permits already in place.
Blockchain Island Home Investment Opportunities
Cryptohomes’ offer isn’t the first time real estate has been placed on the market with cryptocurrency as a payment method. There are a number of platforms that allow real estate owners to list and sell properties in return for cryptocurrency, but Cryptohomes is currently the only platform based in Malta that lists properties on Blockchain Island.
The property, which is currently the only listing for sale via the Cryptohomes platform, boasts over four centuries of history. A major draw of the 18 bedroom 860 m² palazzo currently on offer for 550 BTC via Cryptohomes is the ability to set up shop on one of the most blockchain-friendly jurisdictions in the world.
In an interview with CryptoSlate, Dennis Avorin, one of the initiators at Cryptohomes stated:
“Crypto is here to stay and we want to showcase that cryptocurrencies are not only commodities for speculators but also a means to purchase solid assets. Purchasing real estate with crypto is like purchasing real estate with FIAT, the same due diligence and rules apply, we simply want to promote the use of crypto as a vehicle for solid investments and Malta is a great start with the incredibly strong real estate market that we have seen in the past few years. With the launch of Blockchain Island, we are certain that this trend will strengthen even further.”
Cryptohomes Partners with Cubits
The Cryptohomes platform allows real estate owners to list their properties for free from anywhere in the EU. Launched as a joint venture between Kessler Stockhausen Consulting and Avorin Advisory, the Cryptohomes platform has partnered with European cryptocurrency brokerage Cubits in order to manage escrow for the sale of the property in Valletta.
The palazzo, which is currently the only property for sale via the Cryptohomes platform, boasts over four centuries of history. In addition to Malta’s fortresses and megalithic temples, the potential the property holds for buyers is the low cryptocurrency-related taxes the island offers and the benefits Malta offers to blockchain and cryptocurrency startups and companies.
Companies working with cryptocurrencies aren’t required to capture licensing from the Malta Financial Services Authority unless they qualify as a “collective investment scheme” or carry out the function of a financial institution or payment service provider.
Additionally, Cryptohomes has partnered with KnowMeNow, a blockchain based KYC solution. Cryptohomes is committed to strict compliance rules. The services of KnowMeNow will enable Cryptohomes to provide all the necessary checks at the highest level and in a cost-effective manner.
For more information, see the Malta Palazzo Listing on Cryptohomes here.
