In a significant update to its gambling regulations, Singapore has amended its Casino Control Act, allowing cashless gaming in its two major casinos. This change reflects the nation’s focus on modernizing its gaming industry, aligning it with global trends. Still, it stops short of permitting cryptocurrency for betting, maintaining a firm stance on financial security […]
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The UK is at a crucial point in its endeavor to become a prominent crypto center while protecting investors and managing risk. In a landmark move, the government of the United Kingdom has categorically rejected legislative measures to regulate cryptocurrencies as gambling. Instead, it is intent on treating crypto assets as financial instruments, arguing that […]
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It goes without saying that the crypto sector has had a revolutionary impact on several sectors across the globe. The gambling sector is one of the most notable beneficiaries thanks to the integration of blockchain as well as the use of digital currencies on gambling sites all around the world. In fact, financial and industry […]
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On August 12, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), the country’s main financial watchdog, held its 12th Annual Las Vegas Anti-money Laundering Conference. The theme of this year’s conference was “cooperation in an environment which is rapidly advancing on many technological fronts”. This year, Kenneth Blanco, the Director of FinCEN, focused on […]
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