NEW VPS PLANS

Experience Ultra-high Performance of NVMe Storage on New UK VPS Plans.

Deploy Instantly
  • +357 2425 0808
  • Login
  • English

Home

Blog

MGA to Introduce Test Cryptocurrency in ...

MGA to Introduce Test Cryptocurrency in Regulatory ‘Sandbox’

MGA to Introduce Test Cryptocurrency in Regulatory ‘Sandbox’

NetShop ISP

NetShop ISP · Blog Author

Sep 29, 2017 · Archive

According to the Times of Malta, the government may soon begin a ‘sandbox test’, a trial rollout of cryptocurrency to test regulations and legislative measures before giving the green light to the Malta-licensed online gambling sites to accept digital currencies.

The test will be conducted by the auditing firm PricewaterhouseCoopers (PWC) which will be able to manage and estimate the pros and cons of the virtual currency to the best of its abilities.

“The idea is that virtual currency would be introduced within a controlled framework to test proposed controls and legislation but without there being any bearing on the wider local economy.” sources said.

Joseph Muscat, the Prime Minister of Malta, will review the results. Dr Muscat’s spokesman told the Times of Malta that he wants to make Malta the “blockchain capital of Europe”. The spokesman added “We would like to be the first country to regulate crypto-currency and blockchain”.

Joseph Cuschieri, MGA’s Executive Chairman, told the Times of Malta that it is now time for Malta to do something about the new form of money. “In this respect, Cryptocurrencies present us with a double-edged sword, combining opportunity with significant risks,” he added.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

10 May, 2024

How To Migrate from MongoDB Atlas to self-hosted Ubuntu 22.04 Server

How To Migrate from MongoDB Atlas to self-hosted Ubuntu 22.04 Server

15 April, 2024

How NetShop ISP Improves Trading Infrastructure Resilience through Equinix LD7 Data Center Hosting

How NetShop ISP Improves Trading Infrastructure Resilience through Equinix LD7 Data Center Hosting

21 March, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer