Rememberful Bitcoin News.
Chasyr has gained a reputation for being the new and improved rideshare option everyone has been anxiously waiting for. Like a vindicating cowboy hero, they have come to fight for justice and stand for freedom, as they set the bar where others will have to rise to meet it. They have already begun the process … Continue reading Chasyr is The Future of Ridesharing
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Chasyr has gained a reputation for being the new and improved rideshare option everyone has been anxiously waiting for. Like a vindicating cowboy hero, they have come to fight for justice and stand for freedom, as they set the bar where others will have to rise to meet it. They have already begun the process … Continue reading Chasyr is The Future of Ridesharing
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KICKICO, an undeniable success story in the evolving world of blockchain investing, who raised more than 84 000 ETH during its 2-weeks ICO and now listed in top-3 Russian ICOs, moves forward with seven league steps – already in October three huge ICO campaigns are ready to take off to CryptoSpace. Campaigns will be launched … Continue reading Real Businesses Take off to CryptoSpace: KICKICO Welcomes on Board 3 Large ICO Campaigns
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KICKICO, an undeniable success story in the evolving world of blockchain investing, who raised more than 84 000 ETH during its 2-weeks ICO and now listed in top-3 Russian ICOs, moves forward with seven league steps – already in October three huge ICO campaigns are ready to take off to CryptoSpace. Campaigns will be launched … Continue reading Real Businesses Take off to CryptoSpace: KICKICO Welcomes on Board 3 Large ICO Campaigns
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More Blockchain technology in State Russian Administration? Russia’s deputy prime minister has no doubts on its inevitability.
More Blockchain technology in State Russian Administration? Russia’s deputy prime minister has no doubts on its inevitability.
Two months ago, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”), working with the U.S. Attorney’s Office for the Northern District of California (“USAO”), assessed a civil money penalty of over $110 million against BTC-e (aka Canton Business Corporation) for willfully violating U.S. anti-money laundering (AML) laws. Alexander Vinnik, a Russian national who was one of the operators of BTC-e, was arrested abroad and indicted for conspiracy and money laundering in connection with facilitating more than $4 billion in ransomware payouts and other related financial crimes focused on individuals who engage in activities ranging from computer hacking to drug trafficking.
The prosecution of BTC-e by FinCEN and Vinnik by the USAO should be no surprise. BTC-e was an alleged hub of criminal activity. Businesses operating in the digital currency space may look at these prosecutions and find them insignificant because the alleged conduct is not conduct in which they are engaged, and they are good corporate citizens who do not facilitate criminal activity. But these prosecutions remind us that the advent of Bitcoin and other digital currencies (sometimes referred to as virtual currencies, cryptocurrencies, altcoins or tokens) raises a serious issue: When do businesses in the digital currency space become “financial institutions” that must collect and retain information about their customers and share that information with FinCEN in accordance with the federal Bank Secrecy Act (“BSA”)?
Real lessons can be learned from re-examining FinCEN’s 2013 guidance, entitled “Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies,” and revisiting the prosecution of Ripple Labs, Inc., (“Ripple”) by FinCEN in coordination with the USAO, which Ripple settled in 2015. FinCEN’s action against Ripple was the first civil enforcement action against a virtual currency exchange for failing to implement an effective AML program and failing to report suspicious activity related to certain financial transactions. FinCEN’s recent action against BTC-e was the first time FinCEN prosecuted a foreign entity operating as a “money services business” as defined under the BSA. FinCEN asserted jurisdiction over BTC-e because BTC-e processed nearly $300 million in transactions involving U.S. customers.
Compliance with the BSA is a particularly sensitive topic in the digital currency industry because digital currency transactions are recorded on a blockchain, a distributed electronic ledger, which contains no personally identifiable information (“PII”), and thus digital identities are concealed. The BSA mandates record-keeping and reporting requirements for certain transactions, including the identity of an individual engaged in the transaction, by financial institutions through the use of Currency Transaction Reports (“CTRs”), Suspicious Activity Reports (“SARs”), Currency or Monetary Instrument Reports (“CMIRs”) and Foreign Bank and Financial Accounts Reports (“FBARs”). After the September 11, 2001, attacks, the Patriot Act amended the BSA by adding know-your-customer (“KYC”) reporting requirements that include enhanced due-diligence policies, procedures and controls that are reasonably designed to detect and report instances of money laundering or terrorist financing.
The BSA applies to “financial institutions” (as defined in the statute), and most digital currency businesses fall into the “money transmitter” (“MT”) or “money services business” (“MSB”) categories of financial institutions regulated under the BSA. In 2013, FinCEN issued guidance and statements that it would enforce AML requirements against MTs and MSBs operating in the digital currency space, particularly with respect to exchanges on which virtual currencies trade, and on systems providing services for such exchanges. Individual investors need not fear — an individual (or company) can invest in digital currency and sell those currencies for profit without complying with the BSA. However, a company that helps others buy, sell or send digital currency by “accepting and transmitting” digital currency must comply with the BSA.
“Accepting and transmitting” means that a company receives digital currency from one customer and sends it on their behalf to another person. Merely giving digital currency to someone or accepting digital currency from someone — for example, as a method of payment — does not mean you are a “financial institution” under the BSA. In addition, those who develop and distribute software to facilitate the sale of digital currency do not need to comply with the BSA. But, an exchanger who “buys and sells [digital currency] … for any reason,” such as providing a brokerage or exchange service for customers, is subject to the BSA.
In addition, given the wave of recent initial coin offerings (“ICOs”) in which digital currencies used for various purposes are offered to the public for sale, it is important to note that a digital currency need not be used like fiat currency in order to be subject to the BSA — it simply needs to be used as “value” that “substitutes for currency.”
There is conflicting guidance on whether the offerers of digital currency who sell their own tokens to U.S. citizens are subject to the BSA. However, FinCEN has advised that a company selling digital currency from its own account is not subject to BSA reporting requirements.
Notwithstanding that guidance, in FinCEN’s 2015 settlement with Ripple, it alleged that Ripple’s mere sale of XRP, its own digital currency, rendered Ripple an MSB that violated the BSA by failing to register with FinCEN, and by failing to implement and maintain an adequate AML program. Of course, Ripple is a currency exchange that would ordinarily be subject to the BSA, but the fact that FinCEN’s settlement with Ripple specifically alleges that Ripple’s sale of XRP violated the BSA raises issues of risk and uncertainty from a legal standpoint for digital currency offerers with respect to compliance with the BSA.
In conclusion, companies that operate or are considering operating in the digital currency space should conduct a thorough analysis of anti-money laundering regulations to understand potential registration requirements with FinCEN and whether they are required to implement AML policies and procedures to comply with the BSA.
The post Op Ed: Where Pseudonymous Cryptocurrency Transactions Meet AML Reporting Requirements appeared first on Bitcoin Magazine.
Two months ago, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”), working with the U.S. Attorney’s Office for the Northern District of California (“USAO”), assessed a civil money penalty of over $110 million against BTC-e (aka Canton Business Corporation) for willfully violating U.S. anti-money laundering (AML) laws. Alexander Vinnik, a Russian national who was one of the operators of BTC-e, was arrested abroad and indicted for conspiracy and money laundering in connection with facilitating more than $4 billion in ransomware payouts and other related financial crimes focused on individuals who engage in activities ranging from computer hacking to drug trafficking.
The prosecution of BTC-e by FinCEN and Vinnik by the USAO should be no surprise. BTC-e was an alleged hub of criminal activity. Businesses operating in the digital currency space may look at these prosecutions and find them insignificant because the alleged conduct is not conduct in which they are engaged, and they are good corporate citizens who do not facilitate criminal activity. But these prosecutions remind us that the advent of Bitcoin and other digital currencies (sometimes referred to as virtual currencies, cryptocurrencies, altcoins or tokens) raises a serious issue: When do businesses in the digital currency space become “financial institutions” that must collect and retain information about their customers and share that information with FinCEN in accordance with the federal Bank Secrecy Act (“BSA”)?
Real lessons can be learned from re-examining FinCEN’s 2013 guidance, entitled “Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies,” and revisiting the prosecution of Ripple Labs, Inc., (“Ripple”) by FinCEN in coordination with the USAO, which Ripple settled in 2015. FinCEN’s action against Ripple was the first civil enforcement action against a virtual currency exchange for failing to implement an effective AML program and failing to report suspicious activity related to certain financial transactions. FinCEN’s recent action against BTC-e was the first time FinCEN prosecuted a foreign entity operating as a “money services business” as defined under the BSA. FinCEN asserted jurisdiction over BTC-e because BTC-e processed nearly $300 million in transactions involving U.S. customers.
Compliance with the BSA is a particularly sensitive topic in the digital currency industry because digital currency transactions are recorded on a blockchain, a distributed electronic ledger, which contains no personally identifiable information (“PII”), and thus digital identities are concealed. The BSA mandates record-keeping and reporting requirements for certain transactions, including the identity of an individual engaged in the transaction, by financial institutions through the use of Currency Transaction Reports (“CTRs”), Suspicious Activity Reports (“SARs”), Currency or Monetary Instrument Reports (“CMIRs”) and Foreign Bank and Financial Accounts Reports (“FBARs”). After the September 11, 2001, attacks, the Patriot Act amended the BSA by adding know-your-customer (“KYC”) reporting requirements that include enhanced due-diligence policies, procedures and controls that are reasonably designed to detect and report instances of money laundering or terrorist financing.
The BSA applies to “financial institutions” (as defined in the statute), and most digital currency businesses fall into the “money transmitter” (“MT”) or “money services business” (“MSB”) categories of financial institutions regulated under the BSA. In 2013, FinCEN issued guidance and statements that it would enforce AML requirements against MTs and MSBs operating in the digital currency space, particularly with respect to exchanges on which virtual currencies trade, and on systems providing services for such exchanges. Individual investors need not fear — an individual (or company) can invest in digital currency and sell those currencies for profit without complying with the BSA. However, a company that helps others buy, sell or send digital currency by “accepting and transmitting” digital currency must comply with the BSA.
“Accepting and transmitting” means that a company receives digital currency from one customer and sends it on their behalf to another person. Merely giving digital currency to someone or accepting digital currency from someone — for example, as a method of payment — does not mean you are a “financial institution” under the BSA. In addition, those who develop and distribute software to facilitate the sale of digital currency do not need to comply with the BSA. But, an exchanger who “buys and sells [digital currency] … for any reason,” such as providing a brokerage or exchange service for customers, is subject to the BSA.
In addition, given the wave of recent initial coin offerings (“ICOs”) in which digital currencies used for various purposes are offered to the public for sale, it is important to note that a digital currency need not be used like fiat currency in order to be subject to the BSA — it simply needs to be used as “value” that “substitutes for currency.”
There is conflicting guidance on whether the offerers of digital currency who sell their own tokens to U.S. citizens are subject to the BSA. However, FinCEN has advised that a company selling digital currency from its own account is not subject to BSA reporting requirements.
Notwithstanding that guidance, in FinCEN’s 2015 settlement with Ripple, it alleged that Ripple’s mere sale of XRP, its own digital currency, rendered Ripple an MSB that violated the BSA by failing to register with FinCEN, and by failing to implement and maintain an adequate AML program. Of course, Ripple is a currency exchange that would ordinarily be subject to the BSA, but the fact that FinCEN’s settlement with Ripple specifically alleges that Ripple’s sale of XRP violated the BSA raises issues of risk and uncertainty from a legal standpoint for digital currency offerers with respect to compliance with the BSA.
In conclusion, companies that operate or are considering operating in the digital currency space should conduct a thorough analysis of anti-money laundering regulations to understand potential registration requirements with FinCEN and whether they are required to implement AML policies and procedures to comply with the BSA.
The post Op Ed: Where Pseudonymous Cryptocurrency Transactions Meet AML Reporting Requirements appeared first on Bitcoin Magazine.
A lot of people are looking for easy and convenient ways to obtain small amounts of cryptocurrency. Up to this point, that process has been far more complicated than it needs to be. Hoard is a mobile solution aiming to help users convert their spare change into cryptocurrency. It is all about investing in a smart way, either on a micro or a macro level. Hoard Makes Cryptocurrency Investing Convenient The average person on the street will always struggle with the concept of investing in Bitcoin or altcoins. Obtaining said currencies, either in large or small amounts, is a far more
A lot of people are looking for easy and convenient ways to obtain small amounts of cryptocurrency. Up to this point, that process has been far more complicated than it needs to be. Hoard is a mobile solution aiming to help users convert their spare change into cryptocurrency. It is all about investing in a smart way, either on a micro or a macro level.
The average person on the street will always struggle with the concept of investing in Bitcoin or altcoins. Obtaining said currencies, either in large or small amounts, is a far more challenging venture than it should be at this point in time. More specifically, users have to choose between exchanges, brokers, or ATMs – assuming one of the latter is even available in one’s region. None of these methods are considered convenient by any means, which is a significant hurdle preventing future cryptocurrency adoption.
Hoard aims to change all that, even though its course of action is not necessarily something everyone will appreciate. More specifically, the project enables what it terms “cryptocurrency investing autopilot.” Users can buy digital currency every time they buy something in real life by rounding up the amount and converting the “change’ to cryptocurrency directly. It is a pretty intriguing concept on its own, especially considering this will allow so many people to collect fractions of cryptocurrencies without doing anything special.
Moreover, all users will be able to determine which coins or “coin baskets” they want to invest in. Their selections can be changed at a later date as well, which is rather intriguing. With these cryptocurrencies in their pocket, users of Hoard can effectively reach their financial goals and growth their wealth without much in the way of interaction on their part. It is a no-brainer solution, to say the least, and one that will certainly be appealing to the right individuals.
As one has come to expect, the Hoard concept is powered by both centralized and decentralized exchange solutions. More specifically, users can invest fiat using centralized exchanges and decentralized platforms for crypto-only asynchronous trading. The Hoard CDEX feature will certainly be appreciated by a lot of users, even though most people will probably opt for the fiat-only option first and foremost.
Additionally, the app will provide a secure multi-signature wallet solution for all Hoard users as well. This will allow users to not just store their newfound wealth, but also to swap coins across blockchains. There is also an option for peer-to-peer payments, which is exactly what cryptocurrencies are all about in the first place. Plus, users will be able to display contacts from various social channels and different devices to make for a more convenient service overall.
Whether or not the general public will see the merit of Hoard as a potential wealth-aggregating service remains to be seen, though. An app known as Acorns does much the same thing with ETFs, and it is no secret most consumers don’t really care about cryptocurrencies in the first place. Changing that will not be easy by any means, especially because the price of individual cryptocurrencies remains rather volatile. It is an interesting project to keep an eye on, though.
Malta’s Ministry for Education and Employment is to launch a pilot project that will store academic certificates on a blockchain.
Malta’s Ministry for Education and Employment is to launch a pilot project that will store academic certificates on a blockchain.
CoinTelegraphWhy is Bitcoin Price Slow to Pick Back up to $5000?CoinTelegraphThe recent sharp decline in Bitcoin price was due to the move by the Chinese government to prohibit the conduct of initial coin offerings (ICO) in China. The government argued…
CoinTelegraph | Why is Bitcoin Price Slow to Pick Back up to $5000? CoinTelegraph The recent sharp decline in Bitcoin price was due to the move by the Chinese government to prohibit the conduct of initial coin offerings (ICO) in China. The government argued that nascent fundraising mechanisms like ICOs are illegal under the country ... What Is Bitcoin, and How Does It Work? Bitcoin Gets Boost From Japan Is Bitcoin Killing Gold? |
DALLAS, TX – In February 2018, more than fifty pre-eminent blockchain developers, entrepreneurs, and venture capitalists are coming together to provide insight on where, they believe, the most lucrative opportunities for this industry lie and to show private investors how to get in before it is too late. The Bitcoin, Ethereum, and Blockchain Super Conference … Continue reading Super Conference Provides Rare Opportunity to Invest in the Cryptocurrency and Blockchain Industry While It Is Still on the Ground Floor
The post Super Conference Provides Rare Opportunity to Invest in the Cryptocurrency and Blockchain Industry While It Is Still on the Ground Floor appeared first on NEWSBTC.
DALLAS, TX – In February 2018, more than fifty pre-eminent blockchain developers, entrepreneurs, and venture capitalists are coming together to provide insight on where, they believe, the most lucrative opportunities for this industry lie and to show private investors how to get in before it is too late. The Bitcoin, Ethereum, and Blockchain Super Conference … Continue reading Super Conference Provides Rare Opportunity to Invest in the Cryptocurrency and Blockchain Industry While It Is Still on the Ground Floor
The post Super Conference Provides Rare Opportunity to Invest in the Cryptocurrency and Blockchain Industry While It Is Still on the Ground Floor appeared first on NEWSBTC.
What’s stopping Bitcoin from returning to its recent all-time high of $5,000
What’s stopping Bitcoin from returning to its recent all-time high of $5,000
Welcome to the Hypethon at BlockShow Asia 2017 organized together with CryptoFriends
Welcome to the Hypethon at BlockShow Asia 2017 organized together with CryptoFriends
It’s no secret that the next century will be full of new inventions, as people always seek to simplify their existence and enhance their own safety. Frankly speaking, it’s the main reason why Hacken is going to create an ecosystem for white hat hackers in Q4 of 2017. Within this “environment”, IT companies of various types and sized will be able to test any type of their software or web products. The Ecosystem will contain a bug bounty program of the same name where services may be purchased by means of a token called “HKN”, a special cryptocurrency that will
It’s no secret that the next century will be full of new inventions, as people always seek to simplify their existence and enhance their own safety. Frankly speaking, it’s the main reason why Hacken is going to create an ecosystem for white hat hackers in Q4 of 2017. Within this “environment”, IT companies of various types and sized will be able to test any type of their software or web products.
The Ecosystem will contain a bug bounty program of the same name where services may be purchased by means of a token called “HKN”, a special cryptocurrency that will result from the Hacken’s token sale. It all starts at the end of October. The main feature of this custom-tailored decentralized token is concluded in our invention – the Burning Principle. However, it would be appropriate to note that along with being the reward within the bug bounty program, Burning Principle will also bring value to other parties involved like community members who bought HKNs (customers/businesses), as well as blockchain and cybersecurity communities.
In general, Money Burning signifies a literal and meaningful act of destroying money with an aim of reducing its amount in circulation, thereby, lowering its supply. In a Macroeconomy, it’s an approach used in monetary policy to cause deflation by shrinking the amount of cash in circulation.
In other words, thanks to the use of this technique, holders of a particular currency become wealthier because Money Burning increases a price of this currency. As a result, according to one of the main economic laws, the lower supply leads to a higher demand. In turn, Alex Tabarrock, a professor of economics, provides a clear explanation of how this approach works. His main argument is that by earning money, people create value for them, and when, for example, a person burns $100, he or she divides its value among other members participating in an economy.
On the other hand, a misemployment of Money Burning may cause a liquidity crisis since a lack of money in circulation would interfere an investor to sell a certain asset. Drawing on Tejvan Pettinger, the theoretical economic implications do not necessarily signify that lowering the supply of money may make an impact on the actual economic output or income levels. Nevertheless, in the case of an exceeding decrease in the money supply, the aggregate demand and overall economic growth of a country might be impaired. As a result, it will contribute to a shortage of money in circulation and may cause a liquidity crisis. You can read more about a harm of excessive fall in money supply here. The same applies with volatility, which directly correlates with liquidity.
Along with possible threats of exceeding the decrease in supply in real economies, financial stability of the virtual systems is even more vulnerable to these negative effects. For instance, unlimited resources that can be mined in MMORPGs, such as World of Warcraft, endanger the value of money in their virtual economies since the more efforts players make to get resources, the more money they have.
This particular tendency encouraged CFO of Hacken, Dmitry Budorin, to invent the Hacken Burning principle to prevent possible liquidity and volatility crises. Dima’s Story (CFO of Hacken Ecosystem) — Howey Test and a Lucky Glass of Wine
“At the very beginning of the Hacken company, we conducted a brainstorming session to identify how to pass the Howey Test and not get under the regulation of the Securities and Exchange Commission. So, we were thinking about how to consolidate our cryptocurrency through a bounty program. But then, we realized that it’s extremely difficult in terms of the technical side. Consequently, we concluded that it’s almost impossible.
Undoubtedly, it was discouraging and frustrating for the first time, so I took a bottle of wine, lit up a cigarette, and settled in the living room. And then, it just clicked my mind. I suddenly realized that we must “burn”! I immediately opened Excel and started calculating, comparing and analyzing a mathematical effect of my idea through numbers. Eventually, I succeed. It worked properly.
To clarify, there’ll not be any additional emissions of HKNs because we know how to invite investments without the benefit of using an ICO. As soon as we burn 15% of the overall amount of the tokens, an effect may double the value of the cryptocurrency. In turn, in the mentality of an investor, there is an explicit desire to hold the asset as he or she is always interested in the future profit, not the current one. As soon as the Burning Principle comes into play, there will a fewer number of investors willing to sell it, while an amount of tokens will also be reduced. However, it won’t affect the cost of HKN. In the course of time, people who joined the community and purchased the tokens earlier will be able to purchase an increasing amount of services within the Hacken Ecosystem. Therefore, it’s a prepaid Cyber Security service which token holders who bought HKN during the presale or main sale will be able to resell to other members of community or newcomers”.
Taking into consideration the research above, it’s evident that the Burning principle invented by the CFO of Hacken will enable investors to manage liquidity and volatility of the cryptocurrency. It means that the approach will reduce financial-related risk that can negatively affect the profitability of their portfolio while increasing its value for stakeholders.
But who will benefit from this and why?
The reason is a permanently decreasing amount of coins will cause constant deflation, which will result in the capability to buy more services within the Hacken Ecosystem having the same amount of tokens. For example, if a common penetration testing costs 1000 HKNs when a full amount of HKNs circulating in the system is 20 millions, the same service will cost 500 HKNs when the system contains 10 million of coins in total. So, in the course of time, people who have not spent their HKNs will have higher purchasing power.
In addition, after burning the critical mass of HKN, the number of people willing to sell them will decrease exponentially. We expect this ‘critical mass’ to be within the 15—20% of the total amount of HKNs issued during the token sale. This will reward community members, who see themselves as long term investors.
Furthermore, deflation will improve the accounts receivable, as well as reduce financial risks related to low liquidity and volatility of the cryptocurrency. The more coins burned, the higher demand for the remainder will be. Therefore, it will be easy for token earners to exchange their HKNs for any other crypto or real currency if needed. Besides, burning of the coins will lower transaction costs when hackers getting paid for their services.
Another benefit the absence of banking service fee, like the one for cross-border fiat money transfers. Exchanging HKN to BTC will get white hat hackers access to a whole range of low commission or commission-free local cash withdrawal options or over-the-counter local Bitcoin solutions.
Undoubtedly, the burning principle and its influence on HKN price will enable an existence of the vibrant community based on transparent financial incentives. The system would regulate the trade relationships within the community, thereby, ingraining appropriate qualities and values to Hacken marketplace participants. Perhaps in the future, it will affect the overall blockchain community.
In addition, the burning principle and entailed demand for HKN will foster cross-pollination of expertise between blockchain and cybersecurity professionals. Due to an active interaction among members of the community, professionals of different types will be able to share and exchange their knowledge and experience with each other. Consequently, it will ensure a constant enhancement of the cybersecurity standards around the globe.
Finally, the burning principle will contribute to the world’s Internet security by diverting bright talent away from cybercrime and unethical online businesses. To be more specific, by means of financial benefits of the coins caused by burning principle, Hacken will attract and employ well-qualified and skilled professionals to employ their knowledge in an appropriate and ethical manner instead of earning money illegally, thereby, endangering themselves. The reason is that within Hacken Ecosystem, hackers will always be able to sell their services in exchange for an indemand and financially attractive cryptocurrency, HKN.
Disclosure: This is a Sponsored Post
Cryptocurrency needs its first big native app that takes Blockchain and tokens into the stratosphere
Cryptocurrency needs its first big native app that takes Blockchain and tokens into the stratosphere
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Bitcoin And Tulips: ‘This Time Is Different’
Seeking Alpha Sometimes, though, it’s not as easy to make that distinction. Consider, for example, bitcoin, which has been in the news recently. In my view, bitcoin is a dangerous get-rich-quick scheme. In fact, I see it as being even worse than the lottery and … |
Bitcoin And Tulips: 'This Time Is Different' Seeking Alpha Sometimes, though, it's not as easy to make that distinction. Consider, for example, bitcoin, which has been in the news recently. In my view, bitcoin is a dangerous get-rich-quick scheme. In fact, I see it as being even worse than the lottery and ... |
The explosive growth of online gaming, particularly iGaming for real money has given rise to a burgeoning new market – digital currency gaming. Real money games, including blackjack, roulette, slots etc. are offered through a series of regulated and unregulated gaming portals. The widespread liberalization of online gaming laws across the United Kingdom, Europe, Canada, … Continue reading What is the Best Currency to Play Online Games?
The post What is the Best Currency to Play Online Games? appeared first on NEWSBTC.
The explosive growth of online gaming, particularly iGaming for real money has given rise to a burgeoning new market – digital currency gaming. Real money games, including blackjack, roulette, slots etc. are offered through a series of regulated and unregulated gaming portals. The widespread liberalization of online gaming laws across the United Kingdom, Europe, Canada, … Continue reading What is the Best Currency to Play Online Games?
The post What is the Best Currency to Play Online Games? appeared first on NEWSBTC.
In the wake of last month’s crackdown on the fraudulent “almost-cryptocurrency” offered by the QUID PRO QUO Association, Swiss financial watchdog, FINMA, announced that they’d begun investigating a number of additional ICOs (initial coin offerings). The news signals the beginning of regulatory oversight in what’s known as “Crypto Valley” in Switzerland. The area plays host … Continue reading Swiss Regulators, FINMA, Turn Their Attention Towards ICOs
The post Swiss Regulators, FINMA, Turn Their Attention Towards ICOs appeared first on NEWSBTC.
In the wake of last month’s crackdown on the fraudulent “almost-cryptocurrency” offered by the QUID PRO QUO Association, Swiss financial watchdog, FINMA, announced that they’d begun investigating a number of additional ICOs (initial coin offerings). The news signals the beginning of regulatory oversight in what’s known as “Crypto Valley” in Switzerland. The area plays host … Continue reading Swiss Regulators, FINMA, Turn Their Attention Towards ICOs
The post Swiss Regulators, FINMA, Turn Their Attention Towards ICOs appeared first on NEWSBTC.