apps & developers
Blockchain technology has swiftly revolutionized how major industries trade, offering transparency and streamlining previously inefficient operations. Banking on this technology’s cutting-edge capabilities, the Malta Gaming Authority’s (MGA) took the bold step to broker the burgeoning world of blockchain-powered gambling regulation. Odhran Griffin of MGA explored this fresh perspective during his talk at the London Blockchain Conference. During an interview with interviewer Becky Liggero, he delved into the details of the regulations that had to be seamlessly integrated with this then-disruptive innovation. “We want to keep with the same set of protocols, while still embracing exponential leaps,” said Griffin.
As a digital industry heavy-hitter, gambling has flirted with cutting edge capabilities since inception, thought its embrace of bitcoin to augmented reality (AR) and virtual reality (VR). Gambling demands the balancing of prioritizing patrons’ maximum protection while still it being advantageous for the businesses driving forwarding those platforms. Thus, when integrating new technology-blockchain included- MGA makes sure to incorporate multiple regulatory mechanisms such as the Malta Financial Services Authority (MFSA), the Financial Intelligence Analysis Unit, and the Malta Digital Innovation Authority.
Overall, contending that regulators and DLTienriche companies can exists symbiotically is the name of the game; Griffin further ensures that companies of all kinds are welcomed with open arms if they intend to join Gibraltar’s regulated digital market. “Reach out and we’ll answer any questions you have,” insisted Griffin. Watch: Crypto regulation will make life easier for BSV apps & developers
