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No Bitcoin For Malta Gambling Licenses
Friday August 5,2016 : NO BITCOIN FOR MALTA ONLINE GAMBLING LICENSEES
Regulatory chief says cyber currency remains too risky to approve at present.
Despite indications that the UK Gambling Commission has approved the use of cyber-currencies like Bitcoin by its licensees, the Malta regulator is taking a more cautious approach and for now will monitor the industry whilst considering possibilities in collaboration with banking and financial authorities.
The chief of the Malta Gaming Authority regulatory body, Joseph Cushieri explained his approach during an interview with the local newspaper Malta Today recently, revealing that in fact the Authority has had relatively few requests for Bitcoin authorisation from operators licensed in the Malta jurisdiction.
The MGA has declined all applications for such authorisation due to the Authoritys view that there are still risks attached to such usage, which has persuaded the MGA to continue with its non-recognition policy.
That does not necessarily mean that there would be no change at some future point, the executive said, noting that in the interest of a national approach the MGA was monitoring and examining developments in collaboration with government bodies like the Central Bank of Malta, the Malta Financial Services Authority and the local Financial Intelligence Analysis Unit.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
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William Hill Exits Russia -
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Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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