Altenar’s sportsbook solution has taken the world by storm, and as a sportsbook provider with its finger on innovation, the team behind the leading sports betting solution is taking a look at Malta’s regulatory revision for digital and virtual assets in relation to the gaming industry.
If you’d like to meet Altenar’s forward-thinking team to discuss its solutions further, you can find Altenar at this year’s iGamingNEXT Valletta!
With the world of iGaming and sports betting adding and making use of Blockchain technology and all it entails, the need for regulation and continual monitoring of requirements is a must to ensure the safety of players, operators, and providers alike when dealing with virtual and digital assets.
With this in mind, Malta’s Gaming Authority instituted and is reviewing the regulation around Blockchain and Cryptocurrency through its Sandbox Environment, which regulates and awards licensing and regulation to businesses using virtual assets (NFTs, Crypto, Smart Contracts) in the gaming industry to ensure the fair and legal usage of this innovative technology.
Additionally, auditing is a requirement for all operators implementing virtual assets into their platforms, and an auditor registered with the Malta Digital Innovation Authority must complete these audits.
Your iGaming business will be subject to review and approval through the following parameters:
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Technology;
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Where applicable, the engagement of third-party service providers;
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Company structure;
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Market applications;
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Player protection considerations; and
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Security.
To discover more about betting payment options available to you through Altenar’s award-winning sportsbook solution, book a meeting with the team today!
