Malta Gambling Regulatory Body Cautious of Bitcoin
The Gaming Industry is keen to embrace technological advances, says the executive chairperson of the Malta Gaming Authority (MGA), Joseph Cuschieri. However, there should be flexible regulatory frameworks that would innovate the industry to take advantage of the full developments that should also minimize risks to consumers. One area the structures would be considered is the use of cryptocurrencies like bitcoin for gaming purposes. Cuschieri said the currencies are gaining ground in Malta because certain financial institutions are being risk-averse. They are also adopting a very....
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