The authority is actively considering the possibility of allowing the application of cryptocurrencies and DLT by its licensees and is keen to keep up with new developments in these technologies within the gaming industry.
“We are mindful that there are risks which need to be addressed in order to ensure that the necessary safeguards are in place to protect consumers, cater for the prevention of crime and money laundering or funding of terrorism (with due regard to the fourth Anti Money Laundering Directive), and protect the reputation of the Maltese jurisdiction,” the authority said in a statement.
The MGA is currently in the process of establishing the sandboxed (test and learn) live environment for cryptocurrency usage within the remote gaming sector, while also drafting guiding principles for the application of DLT and its various adaptations within the industry.
Interested parties who are willing to share information regarding their cryptocurrencies and/or DLT projects are invited to register their interest before January 8, 2018.
Source: GMB / InterGame Online
