MGA’s Brandon Debattista talks the regulators view of digital currency

The Maltese Gaming Authority’s (MGA) Legal Counsel, Brandon Debattista, believes that digital currency has a bright future in the online gaming industry. Debattista has been on the front lines of building digital currency opportunities for online gaming companies in Malta, and took some time out to sit down with our very own Becky Liggero, to advises on the use of digital currency in online gaming.

Legislation was passed in 2018, to allow online gaming operators to use digital currency for their operations in Malta. Debattista has played a major role in a sandbox framework for companies to participate in. According to Debattista there was plenty of interest from operators based in Malta:

[youtube https://www.youtube.com/watch?v=aJmdSfuXm4o?feature=oembed]

“From the inception of the sandbox framework, there was a lot of interest which was shown for eventual participation in the sandbox. There was the first phase where interested applicants could apply to start accepting cryptocurrencies as a means of payment and this was followed by phase two which basically enabled interested participants to incorporate further DLT [Distributed Ledger Technology] within their operations for instance using smart contracts.”