RATE Group | Malta Gaming Authority Cryptocurrency Guidelines
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Malta Gaming Authority Cryptocurrency Guidelines

19 Jul Malta Gaming Authority Cryptocurrency Guidelines

Posted at 23:22h in Cryptocurrency News by

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Businesses in the fastest growing iGaming market have another reason to consider moving to Malta. This is because the Malta Gaming Authority opted to introduce a new sandbox that will be used for the virtual financial assets and the cryptocurrencies. This new sandbox will unleash the new crypto regulations in the country’s online gaming market. Malta had already implemented some crypto-related regulations, even though they leave the entire online gaming market shaken up. But with the new crypto regulation sandbox by the MGA, more cryptocurrency online gaming companies will start opening up shops in Malta.

The 2-Phase Rollout

According to the Chief Executive Officer of Malta Gaming Authority, Heathcliff Farrugia, the program will be rolled out in two main phases. On the 1st of January 2019, the agency announced that it would have begun to accept the applications for the use of the DLT – Distributed Ledger Technology as a means of payment. This implies that the online gaming…

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