MGA Publishes Consultation On Virtual Currencies

And the use of distributed ledger technology

The Malta Gambling Authority (MGA) published a consultation document this past week providing guidance on the use of distributed ledger technology (DLT) and the acceptance of virtual currencies through the implementation of a sandbox environment.

“The MGA’s strategy is to be at the forefront of remote gaming regulation, while embracing innovation and acknowledging that a prudent approach in this area is both sensible and required,” a press statement reads.

“Virtual currencies pose a number of risks,” the authority said, ones that need to be addressed in order to ensure consumer protections are in place, prevent crime, money laundering and terrorism funding.

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Brian Cullingworth

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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