The Malta Gaming Authority (MGA) is continuously analysing ongoing developments in the fields of Distributed Ledger Technology (‘DLT’) and cryptocurrencies including their application in various technology and innovation driven industries. Malta aims to be at the forefront of innovation and therefore the MGA is actively considering the possibility of allowing the application of cryptocurrencies and DLT in the gaming industry by its licensees.
The necessary safeguards to protect consumers, to prevent crime, money laundering or funding of terrorism and to protect the reputation of the Maltese jurisdiction will remain in place .
In this respect, the MGA is currently in the process of establishing the 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, The MGA is thus inviting interested parties willing to share information to provide details on their cryptocurrencies and/or DLT projects. Closing date is Monday, 8 January, 2018.
