AWARD WINNER

We've been recognized as "Best Hosting Provider of the Year"

Read More
  • +357 2425 0808
  • Login
  • English

Home

Blog

MGA’s Report for the utilization of DLT ...

MGA’s Report for the utilization of DLT and Virtual Currencies

MGA’s Report for the utilization of DLT and Virtual Currencies

NetShop ISP

NetShop ISP · Blog Author

Apr 05, 2018 · Archive

The Malta Gaming Authority (‘MGA’) published a report which gives direction on the utilization of Distributed Ledger Technology and on the acknowledgment of Virtual Currencies through the usage of a Sandbox Environment.

Virtual Currencies and Distributed Ledger Technology (DLT) are another problematic marvel in the computerized money and innovation territory. The MGA’s methodology is to be at the bleeding edge of remote gaming direction while grasping development and recognizing that a judicious approach around there is both sensible and required.

The attributes of virtual monetary forms, while frequently referred to as drivers for their reception, at the same time represent various dangers which should be tended to in a well thoroughly considered way. The MGA is careful that these dangers should be tended to keeping in mind the end goal to guarantee that the vital shields are set up to protect consumers, cater for the prevention of crime and money laundering or funding of terrorism (with due regard to the 4th Anti Money Laundering Directive) and protect the reputation of the Maltese jurisdiction.

By merging points of view of kindred partners, the internet gaming industry and key specialists in these sort of advances, the MGA is issuing for open counsel, criteria as set out in this paper for the foundation of a sandboxed (test and learn) condition for virtual money reception inside the remote gaming division, while likewise drafting managing standards for the use of DLT and its different adjustments inside the business.

You can find more details on the following link.

Press Releases
65

Free VPS Trial

No Credit Card Required.

Recent Posts

How to Create 301 Redirect in Apache

How to Create 301 Redirect in Apache

29 September, 2023

NetShop ISP EMEA Tour Continues: Forex Expo 2023 in Dubai

NetShop ISP EMEA Tour Continues: Forex Expo 2023 in Dubai

25 September, 2023

How To Resolve cPanel Error “Cannot create account because it conflicts with an unmanaged MySQL database user”

How To Resolve cPanel Error “Cannot create account because it conflicts with an unmanaged MySQL database user”

13 September, 2023

NetShop ISP Proud Sponsor of FXGathering Vol. 4

NetShop ISP Proud Sponsor of FXGathering Vol. 4

10 September, 2023

NetShop ISP Triumphs as Best Hosting Provider of the Year at SiGMA CIS/Balkans Awards 2023

NetShop ISP Triumphs as Best Hosting Provider of the Year at SiGMA CIS/Balkans Awards 2023

08 September, 2023

#letushostyou

Award Winning Hosting Provider established in 2004.

Best iGaming Service ProviderISO Certified

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

© 2023 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