Earlier this year CoinTelegraph stated that the Bitcoin currency possibly may be recognised by the Malta Gaming Authority (MGA) as well as other global regulators in the very near future. The current scenario in Malta is one where hundreds of casinos licensed on the island cannot accept Bitcoin due to the MGA’s regulations, despite a lot of them would like to offer this payment option to their players. Malta-based Bitcoin casino BitStarz thinks that the adoption of Bitcoin would open up opportunities for spreading cryptocurrency in the gambling industry. Sasha Jade, Marketing Manager at BitStarz, has recently stated that the problem lies in FIAT money casinos currently not accepting Bitcoin. These casinos still hold 99% of the gaming market.
Yesterday, November 8th, EXANTE сo-founder, Anatoliy Knyazev, who started his career on the exchange market trading derivatives in the early 2000s, took centre stage at The Malta iGaming Seminar. In 2012 EXANTE established The Bitcoin Fund, which later on became the best performing hedge fund with massive financial returns, according to Bloomberg.
Anatoliy, famed as a cryptocurrency pioneer and blockchain specialist joined a panel of other experts to discuss the future of virtual currencies and how pertinent they are for today’s industries. Over 480 delegates registered at Malta Igaming Seminar now in its eighth year, its most successful term ever. MiGs has now sealed Malta’s foundation as the steady rock for Igaming Events in Europe.
'The acceptance of the Bitcoin as payment method would with no doubt help popularise it among gamers and online casinos that currently use FIAT currency,' noted Anatoliy during the panel.
We are thankful to the hosts of MiG2016 for an opportunity to participate in the unique event and share knowledge with other professionals in the industry. Don't miss out other Events with our participation, hope to see you there soon!