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Malta Gaming Authority approves BetConstruct to deposit using cryptocurrencies

BetConstruct has been approved by the Malta Gaming Authority (MGA) to start accepting player deposits using cryptocurrencies, virtual financial assets as referred to under the Maltese legislation.

malta gaming authority approves betconstruct
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BetConstruct is licenced and regulated by the MGA.

The supplier's white-label partners, including Vbet.net, who operate under Vivaro Limited, allow their players to deposit using cryptocurrencies. This, in turn, allows them to target players who use cryptocurrencies.

Meanwhile, earlier this year, BetConstruct announced the launch of Fasttoken where over 70+ iGaming content developers agreed to include FTN as a supported cryptocurrency.

Further, its B2C arm VBet joined the International Betting Integrity Association (IBIA) in April 2022, contributing to the organisation’s global efforts to combat corruption and match-fixing.

The brand, part of Vivaro Limited, is looking to strengthen both its own and the IBIA’s bet monitoring activities, feeding into the Association’s “integrity monitoring and alert platform.”

VBet offers markets on more than 120 sports and is licensed to operate in Great Britain, Malta, France and Sweden, with applications pending elsewhere.

Tigran Harutyunyan, Head of the Trading and Sports Unit at VBET, remarked: “We are delighted to be joining the membership of the International Betting Integrity Association and we look forward to our mutual collaboration.

“The IBIA’s global reputation for dealing with sport integrity issues is unparalleled and this partnership underlines our commitment to providing our customers with the fairest offering possible.”

Affiliate BTCGOSU recently provided an in-depth round-up of the benefits and drawbacks of crypto casinos, exclusively for Gambling Insider.

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