Bopreki growing popularity of Bitcoin and other cryptocurrency, Maltese regulator is not prepared to license payments to their participation in online casinos operating in the jurisdiction of the island.
Chairman of the Maltese gaming Administration Joseph Kucera noted that cryptocurrency really enjoy growing demand in the field of online casinos, however, this is due to the fact that financial institutions profess a rather conservative approach and are not ready for effective cooperation with the casino, because They do not understand the characteristics of the industry. The result is that banks are not willing to risk gambling - casinos therefore forced to look for other options for settlements with customers, and with this decision for them is Bitcoin.
"Cryptocurrency are an attempt to create a virtual currency, based on blokcheyn technology with which to carry out transactions, - said the coachman situation - However, I still consider them risky asset, and we are not yet ready to take cryptocurrency, is the controller's position."
It is noteworthy that the regulator receives a very small number of complaints from its licensees who want to work with Bitcoin. This is no surprise, since previous similar applications consistently rejected.
At the same time, we can not say that the Maltese gaming administration is not working to solve this problem. representative of the regulator said that the administration is actively seeking ways to solve the problem and is now waiting for the results of research conducted within the jurisdiction, to go to the follow-up.
"We are looking for their own approach to this issue at the national level, and given that this is a financial instrument, we will have to cooperate with the central bank, analytical financial intelligence units and the Office of Financial Supervision," - said the coachman.
Thus, the situation could change, because the Maltese gaming administration is one of the few regulators refuse to work with cryptocurrency.
Recall that yesterday, 4 August, the British gaming commission (UKGC), which is the official organ of the regulation of gambling in the UK, allowed its licensees to accept Bitcoin as a means of payment.
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