MGA approves BetConstruct to accept crypto and extends sandbox
| By iGB Editorial Team
BetConstruct has been permitted by the Malta Gaming Authority (MGA) to accept deposits in cryptocurrencies.
BetConstruct noted that this new decision by the MGA will allow the company “to grow their operation by targeting players that use cryptocurrencies and increase their satisfaction and engagement”.
It will offer cryptocurrency gambling through both its white-label product and its own Vbet brand.
Earlier in the year, BetConstruct announced it will accept Fasttoken (FTN) as a supported cryptocurrency.
The integration of cryptocurrencies, or VFAs (Virtual Financial Assets), has been part of the Maltese government’s temporary “Sandbox Framework” to examine the use of cryptocurrency by licensed gaming operators.
This framework was set to end on 30 December 2022; however, it has been extended to 28 February of this year.