This was a follow on from Malta’s three crypto bills that made it the first jurisdiction to legislate in support of cryptocurrency, and thus saw it dubbed “The Blockchain Island.”Ģ020 was the year that the EU’s 5th Anti-Money Laundering Directive (5AMLD) was required to be transposed into national laws.

The initiative is set to run until the end of 2021 and is open to prospective and existing license holders. This announcement paved the way for bitcoin casinos and crypto gambling sites to apply for specific licensing, under the supervision of the MGA. In 2019, the MGA announced a Sandbox Regulatory Framework which would allow authorized entities to accept cryptocurrency as payment. Below you will find the most recent Malta developments, benefits of a Maltese gaming license, and how to get one. The Maltese license is considered one of the most respected in the gambling world. Since then, the gambling sector has swelled considerably contributing to more than 10% of the country’s GDP.

Under the supervision of the Malta Gambling Authority, it issued its first licenses in 2001. The small island of Malta was one of the first in Europe to regulate the online gambling sector. The igaming industry specialist outlines the most recent Malta developments and responses to the pandemic, benefits of a Maltese gaming license, who are suitable for acquiring one and how to obtain it.

Malta gambling license cost