The nation of Malta has led the way with its blockchain
regulations and has encouraged its other major authorities to
embrace the technology. The Malta Gaming Authority is a leading
regulator of online and land-based gambling and has recently
published its guidelines to move towards accepting virtual
financial assets and distributed ledger technology within the
gaming industry.
The Malta Gaming Authority announced in March 2018 that they
would be creating methods of welcoming distributed ledger
technology and cryptocurrencies into the gaming industry. They
announced that a licensing system would be established alongside
methods of using wallets of digital currency at gaming websites and
a way of calculating exchange rates. It was at this time that the
Malta Gaming Authority announced their plans to create a sandbox
testing environment in which developers could test their games to
see if they are in line with the upcoming regulations of the Malta
Gaming Authority.
