Tag: Malta Gaming Authority

5 MGA-Licensed Casinos Bitcoin Players Should Check Out

Bitcoin casinos licensed by Malta Gaming Authority are nearly here as the regulation office is testing its cryptocurrency controls in a sandbox environment. This is a step forward for the jurisdiction to allow its licensees to use Bitcoin and other crypto currencies. MGA’s approval of Bitcoin in its Jurisdiction can help operators and affiliates in

How Will New Gaming Bill Affect MGA License Holders?

The Maltese parliament will soon decide on the fate of a new gaming bill that will replace and unify all existing gambling-related legislations in the country. Parliamentary Secretary for Financial Services, Digital Economy & Innovation Silvio Schembri proposed the bill that aims to effectively regulate the gaming industry, ensuring a safe, fun, transparent environment. He

Malta Gaming Authority May Recognize Bitcoin This Year

Malta Gaming Authority (MGA) plans to undertake major changes to its regulation office. One of these changes is the addition of a national betting exchange that lets operators hedge their bets. Among the possible Malta Gaming Authority changes is its acceptance of virtual currencies like Bitcoin. In February, MGA announced its draft for a national

MGA Issues Guidelines on Blockchain-Based Gaming

Malta Gaming Authority issued a white paper that contains guidelines on how the gaming industry in the country will utilize blockchain technology and accept cryptocurrencies. This is just one step toward the Maltese government’s goal to turn the country into the central blockchain-based gaming hub of the world. Another step to achieve the country’s goal

MGA Requires Licensees to Comply with AML/CFT Standards

Malta Gaming Authority has required all its stakeholders to comply with the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards. Failure of the stakeholders to do so would result in the cancellation of their license. Online gaming companies and operators licensed by MGA hold a great deal of reputation in the industry. Players regard these

New MGA AML Unit Can Hasten Cryptocurrency Acceptance

Malta Gaming Authority (MGA) has formed a new anti-money laundering (AML) unit to root out organized crime activities and restore Malta’s public image. The new MGA AML Supervisory Unit has been in full operation as it conducts on-site and off-site inspections among MGA license holders since December last year. This unit was also involved with

New MGA System Enables for Easier License Application

Malta Gaming Authority partners with Microsoft to streamline the process of applying for a license in its jurisdiction. The MGA Licensee Relationship Management System can change how the regulation office interacts with its licensees. MGA is an EU regulation body found on the small island of Malta. Malta’s regulation body has the strictest requirements for

SoftSwiss Secures White Label Solutions License

SoftSwiss achieved another milestone last month by securing the Malta Remote Gaming License. After undergoing a thorough audit of software, as well as diligence checks, the company has been given a gaming license by the Malta Gaming Authority. The gaming license issued is a Class 1 on 4 to N1 Interactive Limited. N1 Interactive Limited

Top 5 Casino Features You Should Be Checking

Choosing the right online casino can take hours of research. There are hundreds of online gaming hubs claiming to offer the best bonuses, games, and service; but only some of them are actually true to their words. So to help you determine which gaming portals will be worth your time and money,  know the following

Why Do Bitcoin Casinos Follow KYC & AML Procedures?

People may notice that some licensed online casinos require players to submit important documents before they can deposit or withdraw any money. This is because of the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations that casinos need to follow to operate in certain jurisdictions as well as to protect their businesses from fraudulent