MGA casts its eye on crypto currencies

News on 6 Dec 2017

In a bid to stay at the forefront of innovation, the Malta Gaming Authority (MGA) has issued a call for interested parties to register interest and provide detail on Distributed Ledger Technology (DLT) and/or Cryptocurrency projects as it considers accepting licensee applications for the payment form.

The MGA highlighted the need for consumer protections saying it was currently establishing a sandboxed (test and learn) live environment for cryptocurrency usage within the remote gaming sector, whilst also drafting guiding principles for the application of DLT and its various adaptations within the industry.

“Cognizant of the fact that a certain degree of expertise lies within the industry, with a number of innovative projects and concepts already available on the market, the Authority is reaching out to interested parties willing to share information regarding their cryptocurrencies and/or DLT projects.”

Projects can be registered via mail at no later than Monday, January 8 2017.  Information gleaned from applicants will enrich and make the sandbox environment more practical, the authority said.

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