Malta authorities propose rules for blockchain gaming

Malta Gaming Authority has presented a list of recommended guidelines for the blockchain gaming operators, plans to open test environment for optimization
30 March 2018   652

Blockchain has been rapidly invading all the aspects of our everyday live and gaming companies haven't been left outside of the trend. Now the companies would have to contend with the new, as of now, “proposed guidelines” to make their games with distributed ledger technology available in Malta.

Right now the regulations presented by Malta Gaming Authority are just a series of recommended guidelines for the game developers to follow. The authorities are open for feedback regarding their new proposals and they established “sandbox” environment for testing out the impact of new regulations on the industry. Ultimately, this sandbox will become not only a testing stage but the foundation for the new set of regulations for the Malta's remote gaming ecosystem.

Right now, the proposed rules for utilizing the blockchain for gaming is quite lax. The developers have to satisfy the specific range of conditions for them to be receiving cryptocurrency. In particular, they would have to provide the certain financial and technological value in return for the said funds and the services or goods they provide in return have to be freely tradeable on exchanges with “competitive market capitalization”. Also, the cryptocurrency must be integral to the company's use case.

As part of the current “sandbox mode” all the games hosted should “maintain the transparency and prove the fairness of these games” through utilizing accessible distributed ledger.

The proposed guidelines cover this and other points, including the risks involved in usage of cryptocurrencies or custom tokens as a funding method.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.