The Malta Gaming Authority (MGA) has published a new policy regarding operators using virtual assets. The policy took effect on January 30, 2023 and replaces the MGA’s Guidance on the use of Innovative Technology Arrangements. The new policy outlines the MGA’s position on Distributed Ledger Technology (DLT) applications and streamlines previous requirements. Operators must obtain MGA approval before using or accepting DLT assets on their platform. Virtual Tokens and Virtual Financial Assets may be used as payment on a case-by-case basis. Operators may use their own wallets for VFA deposits and use smart contracts on their platforms. Operators are expected to comply with Anti-Money Laundering and Counter Financing of Terrorism legislation and carry out necessary risk assessments. Grant Thornton's team can assist operators with classification of DLT assets, communication with the MGA, technical support, AML and CFT compliance, and other regulatory support.