Guidance on the use of Innovative Technology Arrangements and the acceptance of Virtual Financial Assets and Virtual Tokens through the implementation of a Sandbox Environment

The Malta Gaming Authority’s (MGA) strategy to be at the forefront of gaming regulation while embracing innovation, is balanced with the recognition that a prudent approach in this area is sensible and needed. The procedures for an approval of DLT asset are detailed in this guidance, including carrying out an audit by accredited auditor and a Financial Instrument Test ("FIT"). Further to this, the MGA has instructed that for the duration of the sandbox, it will only be accepting games or game components that are hosted fully or partially on a DLT environment. 

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Keywords: 
Year of Document: 
2019
Date of Document: 
Thursday, August 1, 2019
Document Authors: 
Malta Gaming Authority
Language (This Document): 
English

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.