Ian Busuttil

The Malta Gaming Authority (MGA) has launched a public consultation document on the use of Distributed Ledger Technology (DLT) and the acceptance of Virtual Currencies (VC) within the remote gaming sector through the implementation of a sandbox approach (test and learn), whilst also drafting guidelines for the adoption of DLT within the industry.The sandbox approach is aimed to commence during the second quarter of 2018 and will last for a period of six months. The MGA will be accepting use of VCs as a means of payment subject to the satisfaction of a number of conditions, in order to ensure investor…

The Malta Gaming Authority (MGA) has launched a public consultation document on the use of Distributed Ledger Technology (DLT) and the acceptance of Virtual Currencies (VC) within the remote gaming sector through the implementation of a sandbox approach (test and learn), whilst also drafting guidelines for the adoption of DLT within the industry.The sandbox approach is aimed to commence during the second quarter of 2018 and will last for a period of six months. The MGA will be accepting use of VCs as a means of payment subject to the satisfaction of a number of conditions, in order to ensure investor…

MaltaToday speaks with Christina Scicluna, Senior Associate at MAMO TCV Advocates on the concerns surrounding cryptocurrencies and whether the price fluctuations of cryptocurrencies pose a threat to the stability of the market. The way investors are protected and what may be done to increase such protection is also discussed. The interview discusses certain misconceptions surrounding cryptocurrencies, with particular focus on anonymity of users and whether the use of cryptocurrencies facilitates money laundering or whether this too is a misconception. The hands-on approach and positive attitude which the Government has taken towards this new industry, as evidenced by the consultation document…

MaltaToday speaks with Christina Scicluna, Senior Associate at MAMO TCV Advocates on the concerns surrounding cryptocurrencies and whether the price fluctuations of cryptocurrencies pose a threat to the stability of the market. The way investors are protected and what may be done to increase such protection is also discussed. The interview discusses certain misconceptions surrounding cryptocurrencies, with particular focus on anonymity of users and whether the use of cryptocurrencies facilitates money laundering or whether this too is a misconception. The hands-on approach and positive attitude which the Government has taken towards this new industry, as evidenced by the consultation document…