CryptoKitties Donates Over $25,000 to Charity From Rare Digital Kitty CryptoKitties, the world’s largest blockchain game, teamed up with Marine conservation organizations in order to create a rare crypto kitty named “Honu Kitty”. ACTAI Global
MGA (Malta Gaming Authority) recently issued a document with guidelines regarding the applications of blockchain and cryptocurrency within the gaming industry on March 27.
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— MaltaGamingAuthority (@MaltaGamingAuth) March 29, 2018
The document titled “Guidance on the use of Distributed Ledger Technology and the acceptance of Virtual Currencies through the implementation of a Sandbox Environment” sets up a basis of guidelines and standards for games that intend to use cryptocurrencies in blockchain technology.
An MGA licensing system for game developers, suggest that the establishment of accepting cryptocurrency as a means of payment through digital currency wallets, deposits, and calculation of exchange rates will be subject to approval through the system.
MGA states that they will only accept games that are fully hosted or partially on the blockchain environment, provided that the operator ensures that the gaming service is not disrupted by operational set up.
MGA will also accept DLT verification to determine whether a game is fair and truly random, which are important concepts within the electronic gambling industry.
MGA offers to test games that adhere to the new cryptocurrency and blockchain protocol. They have developed a specifically engineered sandbox environment which are open to all game developers.
This is set up to protect customers from anti-money laundering schemes as well as stay in compliance with EU 4th Anti-Money Laundering Directive.
Crypto Coin Junky reported that Kik app recently rebuilt plans to partner with a videogame company Unity Technologies and moving towards a more mainstream adoption of its new Kin cryptocurrency which will be utilized within the gaming industry.
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