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ARTICLE · 17 SEPTEMBER 2019

The MGA Launches Its Second Phase Of Its Sandbox Regulatory Framework

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On 4 September 2019 the Malta Gaming Authority announced the launch of the second phase of the Sandbox Regulatory Framework following the implementation of the first phase, launched on the 1 January 2019.

MaltaTechnology
Erika Micallef
Erika Micallef
Jessica Napier
Jessica Napier
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On 4 September 2019 the Malta Gaming Authority ("MGA") announced the launch of the second phase of the Sandbox Regulatory Framework ("sandbox") following the implementation of the first phase, launched on the 1 January 2019.

The Sandbox has paved the way allowing the possibility for operators to accept Virtual Financial Assets ("VFAs") as a mean of payment. The MGA has extended the duration of this second phase until the 31 December 2021, this compared to the initial phase which was expected to operate for a period of ten months. This extension comes as no surprise with many operators awaiting the launch of the second phase allowing the implementation of Innovative Technology Arrangements ("ITAs") and Distributed Ledger Technologies ("DLTs") such as smart contracts and blockchain platforms in their gaming system.

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