The Malta Gaming Authority, one of the world’s biggest authority when it comes to online gaming, has just issued a white paper to consult on the use and acceptance of Crypto by online gaming companies. This is massive news for crypto in general. Malta’s IGaming industry, an industry that has huge international companies like Betsson, is thought to generate over $100 billion in turnover. By allowing gaming companies to start accepting crypto, Malta once again has placed itself on the forefront as a crypto jurisdiction. This follows the news of major exchange, Binance, opening up in Malta as well as the imminent introduction of the new legislation regulating ICOs.

This follows a speech by Malta’s Prime Minister, Joseph Muscat said that cryptocurrency will become the “future money”. Prime minister Muscat asked his audience: “Have any of you ever thought about what gives paper money its value when it’s ultimately just pieces of paper? It is because society attributes value to it. Now some people, who in my opinion are geniuses, are arguing that value can similarly be attributed to virtual currencies.”

If Malta’s government will continue in this approach, the island will inevitably see more companies using blockchain technology embarking on Maltese shores.

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