€1.50
COUNTDOWN TO BREXIT PAGE 14
INTERVIEW PAGES 10 & 11
Queen approves
UK Prime Minister's
request to suspend
parliament
The Governor of
the Central Bank of
Malta on his role, its
relevance and more
PAGE 3
PAGE 3
THURSDAY 29 AUGUST 2019 • ISSUE 23
WWW.BUSINESSTODAY.COM.MT
Borrowers
taking on larger
property loans
compared to
their income
PAUL COCKS & MASSIMO COSTA
SILVIO Schembri has remained un-
fazed by news that Coinone Global
Exchange (CGEX), a major Mal-
ta-based cryptocurrency exchange, is
to shut down its operations less than
a year after it was launched.
e Digital Economy parliamenta-
ry secretary, asked by BusinessTo-
day whether he was worried by this
development, dismissed it as being
part of the normal cycle of businesses
opening and closing.
Last week, CGEX, which is operated
by the major South Korean company
Coinone, said that it would close down
in September after deciding that it
"could no longer maintain service".
Junior minister unfazed by
imminent closure of Malta-
based crypto exchange
Blockchain industry
should be viewed as part
of an ecosystem, and
companies which open
and close are part of
normal economic cycle,
parliamentary secretary
Silvio Schembri says
FINANCIAL STABILITY
REPORT
