The Maltese Government has issued a bill entitled the Virtual Financial Assets Act (“the Bill”). The point of the Bill is to give a sound authoritative structure to Malta to direct and mindfully advance the utilization of cryptographic forms of money, crypto trades and other crypto-related administrations. Supplementing this proposed system, the Government has additionally […]

In the face of today’s plenary session of the Cyprus parliament, is expected to put into force the draft law which is abolishing the agreement of the monopoly of OPAP Cyprus gambling, which exists since 2003. The bill was drafted following a warning letter from the European Commission (EC) asking for explanations about the monopoly […]

The Investigative Reporting Project Italy – exploring mafia penetration of the business as a major aspect of the Daphne Project – said it had discovered an example of non-collaboration with Italian prosecutors trying to solidify the advantages of Centurionbet, which worked the Bet1128 mark. In a reaction, the MGA expressed its complaint to the reports […]

Betfred’s Managing Director, Mark Stebbing, has called on the UK government to reconsider its plans to reduce fixed-odds betting terminals (FOBTs) stake to £2 maximum. According to UK bookmakers, this would result in closing 4,000 betting shops and more than 20,000 jobs being lost, as well as a sharp decline in the amount of government […]

Malta’s Parliament has given the green light to for the third and final reading of the new Gaming Act, which shall elevate the jurisdictional profile of Malta from a regulatory perspective by strengthening the MGA’s supervisory role, specifically the compliance and enforcement functions to better achieve the regulatory objectives, in line with concurrent developments relating […]

The EY announced the pilot introduction of EY Blockchain Analyzer technology, which enhances the ability to conduct in-depth assessment and business transaction control in currency. The technology was designed to support the EY teams during their checks on companies using cryptosancies. Technology sets the foundations for automated asset and liability controls, capitals and smart contracts […]

The International Monetary Fund, through its blog, has called Malta’s execution in the gaming segment ‘exceptional’. The IMF Blog read that Malta has turned into a center point for betting and gambling companies, and that no place else in the European Union does this division represent such a substantial piece of the economy. “While the […]

The Malta Gaming Authority (MGA) has distributed a direction document on the General Data Protection Regulation (GDPR) which comes into constrain on 25 May 2018. This control is gone for fitting information assurance direction crosswise over Europe, to ensure and enable all EU subjects’ information protection and to reshape the path associations over the area […]

The Remote Gambling Association (RGA) has distributed direction to help authorized betting administrators consent to commitments under the General Data Protection Regulation (GDPR). Because of come into constrain on May 25, the European Parliament, the Council of the European Union and the European Commission will utilize the GDPR to fortify and bring together information insurance […]

Malta has immediately risen as a mainstream area to set up blockchain based organizations. Worldwide, a few nations have prohibited crypto tasks, others have made principles by requirement while most keep on struggling with the administrative condition for starting coin contributions (ICO). Malta has opened its ways to the universe of cryptographic forms of money […]

MasterCard has documented a patent for a framework to accelerate the initiation of new hubs in a blockchain, in an application distributed by the U.S. Patent and Trademark Office (USPTO) April 26. The application, which was first documented on October 24, 2016, plots that the present trouble confronting new hubs – a PC associated with […]

Globally authorized internet betting firms keep on streaming out of the Australian market because of the new administrative condition. Prior this month, Australian clients of Panama-based BetOnline and Sportsbetting.ag and the Curacao-authorized Tigergaming.com announced accepting messages advising them that the locales would be leaving the Australian market successful April 16. Clients of the locales have […]