Since there are no online gambling venues licensed in Malaysia as of today, players who care to punt need to rely on regulators in other jurisdictions where their favorite offshore operation is actually licensed.
There’s no need for players in the country to venture into the far reaches of the internet gambling universe and play at unlicensed or uncertified sites!
Operators serving Malaysia may be licensed by the UKGC, the Malta Gaming Authority, Gibraltar, the Isle of Man, Curacao, or even the Kahnawake Gaming Commission in Canada.
Many operators serving Malaysia are located in the Philippines and are regulated as Philippine Offshore Gaming Operators or POGOs by the Filipino gambling regulator, Philippine Amusement and Gaming Corporation (Pagcor).
New live dealer lobbies should hold and display a license from one of the world’s preeminent gaming authorities for international players. The games should be provided by a reliable and reputable studio that has been tested, audited, and certified by an independent third-party testing and accrediting organization like TST, GLi, or BMM.
Crypto Gaming, USD, or MYR?
Many players will prefer to deposit and withdraw in the local currency. In fact, unless required to by an operator there’s no sense in going through currency exchange hassle and fees to gamble in US dollars. Most reputable operators serving the country will allow banking in ringgits even if gambling actually occurs in USD.
One way to avoid currency exchange at the actual cashier cage is to consider using a cryptocurrency like Bitcoin. Litecoin and Bitcoin Cash are popular alternatives or “altcoins”, as are Dogecoin and Ethereum, but each has advantages and disadvantages including the cost to exchange and the speed of transactions.
Many online live dealer sites will confirm BTC and other crypto deposits and let you begin playing almost immediately – others may still require several confirmations on the blockchain. As far as cashing out goes, cryptos are most often the fastest way to get paid, even if the funds are not freed up for an hour or so awaiting final confirmation.
If you want to play using cryptocurrency, many live dealer hubs offer BTC tutorials with information relating to all types of digital virtual coins.
Payment processing with a certified and licensed online operator will not be a problem for Malaysian players. No matter how new the site is, if they are attracting customers from the region they will have secure gateways set up and ready to process funds into and out of the cashier efficiently.