Regulations Archives

Kraken CEO Warns of Crackdown on Cryptocurrency

By Edward — April 14, 2021 Leave a Comment

Jesse Powell, CEO of Kraken, which is the fourth largest cryptocurrency exchange in the world in terms of volume, fears that a “crackdown” on cryptocurrencies is imminent. There have been some recent warnings from various officials about the use of cryptocurrencies for money laundering and the financing of terrorist organizations. U.S. Treasury Secretary Janet Yellen, and European Central Bank President Christine Lagarde, have brought these concerns to light.

A Digital Dollar for the Eastern Caribbean

By Edward — April 9, 2021 Leave a Comment

In order to speed up transactions and assist residents without bank accounts, the Eastern Caribbean financial authorities have developed their own digital asset. This digital currency was developed by a fintech company in Barbados by the name of Bitt in partnership with the Eastern Caribbean Central Bank. This currency differs from regular cryptocurrencies as it is issued by a central bank and has a fixed value tied to the Eastern Caribbean Dollar.

The Twists And Turns Continue For US Gambling Legislations

By Jakob — April 7, 2021 Leave a Comment

Governors and Senators are making big decisions in their respective states regarding online poker, sports betting, and state lotteries. New York, Wyoming and Louisiana have the green light for the legalizing of sports betting, while Alabama and North Dakota are not as lucky.

India Clamps Down on Cryptos

By Edward — April 6, 2021 Leave a Comment

India has announced earlier this year that a nationwide ban on private crypto ownership is under development. Recent reports stem from an unknown Indian top government official that India has been developing a bill that would prohibit the trading, mining and even the ownership of any cryptocurrencies.

Atlantic City to Lose an Iconic Casino Landmark

By Jakob — December 28, 2020 Leave a Comment

Trump Plaza Casino is about to get blown to bits, ending an era of land-based casino dominance in favor of online casinos!

It’s not the first and it wont be the last bit casino to fall at the hands of the online casino revolution!

Pennsylvania Shuts Down Casinos as COVID Runs Rampant

By Jakob — December 21, 2020 Leave a Comment

Pennsylvania has opted to shut down all of its casinos in a bid to help curb the spread of COVID, leaving online casinos to rule the market!

This is great news for BetMGM and DraftKings who will enjoy a festive season with a nice pile of earnings.

Will Any Crypto Casinos List Facebook’s Libra Stablecoin?

By Jakob — December 7, 2020 Leave a Comment

Facebook is rumored to be launching its Libra stablecoin in January, but will any crypto casinos list it? Let’s find out!

Off the bat, it’s unlikely we’ll see any companies accepting Libra outside of Facebook, so it’s not looking good…

Detroit Casinos Close Down for Minimum of 3 Weeks

By Jakob — November 23, 2020 Leave a Comment

Casinos in Detroit have been told that their casinos are to shut for at least 3 weeks with a possible extension waiting for them.

Other cities might follow suit, and if Vegas falls, the whole American casino scene will follow…

3 Cities in Colorado Hoping to Change Stage Gambling Legislation

By Jakob — October 19, 2020 Leave a Comment

There are 3 cities in Colorado hoping to change the law so that they can take control over gaming limits in their own cities!

If amendment 77 passes, each city can increase wager limits and add more games to their casinos

Germany Gives Online Casino Games the Nod

By Jakob — September 19, 2020 Leave a Comment

German regulators have created a new set of restrictions for German online casino players, limiting their online activities!

Under the new rules, German players are capped at €1 max bets and 1 spin per every 5 seconds!

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