Mga-Approves-Betconstruct-To-Allow-Players-To-Deposit-In-Cryptocurrencies

MGA Approves BetConstruct to Allow Players to Deposit in Cryptocurrencies

Release date: Jun 26, 2023

Last Edited: Jun 26, 2023

MGA approves BetConstruct to allow players to deposit in Cryptocurrencies

Vivaro Limited has been given the green light from the Malta Gaming Authority to take deposits from casino players using cryptocurrencies.

Partners of BetConstruct's white-label, including Vbet.net, who work under Vivaro Limited, can now let their players make deposits using cryptocurrency. It opens the potential to target cryptocurrency users and increase player satisfaction and interaction.

The desire of BetConstruct to continually improve and give their partners the most up to date method, advanced tools and the best strategies to develop and expand their businesses led up to this approval. With this announcement, BetConstruct has opened up a new world of possibilities for its customers and users, providing them with additional choices regarding how they deposit and withdraw funds from their accounts. The company declared that they are proud to be able to make this available to its partners.

Moreover, BetConstruct’s involvement with cryptocurrencies and blockchain technology significantly increased last year as BetConstruct declared the launch of Fasttoken. Where more than 70 leading iGaming content producers agreed to include FTN as a supported cryptocurrency.

BetConstruct is committed to staying ahead of modern business and payment trends by embracing new technology. This initiative is an excellent opportunity for BetConstruct and its partners to provide the industry with the tools and resources needed to build successful businesses.

About BetConstruct

Founded in 2003 by Vigen Badalyan, BetConstruct is a leading provider of award-winning technology for the gaming industry. Their cutting-edge offerings include an advanced sportsbook solution with over 85,000 live and pre-match events each month. Moreover, Classic Casino, Live Casinos, Poker, Skill Games, and Social Gaming Platforms is also available for users.

BetConstruct is part of the SoftConstruct corporation and is a pioneering force within the IT industry. Founded with a passion for technology-driven development, they now have over 5000 employees and 16 international branches. Under the umbrella of SoftConstruct are 11 various trademarks, such as BetConstruct, FeedConstruct, Fasttoken, Ucraft, and FastShift. Moreover, BetConstruct's innovative SpringBME (Business Management Environment) is the industry's first comprehensive management infrastructure.

About Malta Gaming Authority

The Malta Gaming Authority (MGA) was established in 2001 to ensure fairness and transparency for players who use online gaming services and to protect minor and vulnerable players.

The Malta Gaming Authority (MGA) is a regulatory body for all forms of gambling in the Maltese territory. It includes land-based activities such as casinos, amusement and slot machines, betting offices, fantasy sports, and lotteries. In addition, it also regulates online gambling services, including Business-to-Consumer (B2C) and Business-to-Business (B2B) services. MGA is dedicated to ensuring that all gambling activities are conducted responsibly and moderately.

The MGA is one of the first regulators to provide laws governing the activity of online gambling companies, creating a safe atmosphere for all involved. Its comprehensive legislation, regulations, and directives help regulate the industry.

The MGA strives to prevent crime, corruption, and money laundering and ensure that rules are always followed. It creates a secure environment for players who enjoy gaming.

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