Archive for the ‘Crypto reviews’ Category

What s a Branded Browser 7Bit Casino site

Posted by: funnytodd   
February 28th,
2018

What Is a Branded Browser?

To earn a branded browser, a company takes an already existing browser (Mozilla Firefox, Opera, Chromium or Chrome) and makes some insignificant modifications to it. A symbol can be changed by them, rename a few menu choices or add advertising spots or third-party extensions, search boxes.

An example of a branded browser is that the Russian government’s”Sputnik-Browser,”built upon Firefox and based on the government-owned”Sputnik” search engine.

The browser provides features like blocking”unnecessary articles,” protecting kids with”parent management,” cutting out”the most annoying and awful ads,” and so on. Additionally, you can get local government’s official online pages, access local government services’ telephone numbers and maps that are neighborhood.

The Sputnik Browser includes a feature for parents called”online scoring.” It works through”dnevnik.ru” (dnevnik means journal in Russian), an online school evaluations agency and bitcoincasinoreview.info. Parents can watch their kids are doing in the school right in their house or workplacevegas casino online bitcoin bitcoin casino net review browser won’t work on Linux-based OS and is only for Windows, Android and iOS. In the future, developers promise new Synchronization Feature and login system that is combined.

Porn, Tits and Schoolgirls

“It is very important for us when typing’schoolgirl’ in the search box to find women in accurate dresses and white aprons, but not something different,” says Rostelecom Vice President Alexey Basov when asked about the government-curated Sputnik search engine.

Russian users appeared to test the search engine filtered this content out. Statistics show that main words searched on Sputnik during May 29, 2015 may was”Tits” and”Porn.” On the same day, Yandex statistics showed”odnoklassniki” and ???vk.com” (popular Russian social networks) words as a primary search requests. This means most of users used the Sputnik search engine only to search that it blocks, which attracts its purpose of censorship into question.

By six times its user count dropped since the launch May 22, 2015 of Sputnikbitcoin high limit casino games best bitcoin casino uk On May 22, it was at about 141.8 million users, but by May 27, only 23.6 million searches went through the browser.

Yandex Branded Browser

The Yandex email service is scary to use due to circumstance advertising right in the mailbox and a standard”we will disclose your information to the government” license agreement.

Yandex is a small Russian version of Google, with surveillance enabled by default. The feature is enabled in the browser via a so-called”smart address line,” which sends any input into Yandex servers for”analyzing.”

Yandex is a closed source project, according to some other open source projects and Chromium open source code. It’s a list of tools for comfort browsing, and it might be a tool for work, if you think you don’t require privacy. For instance, foreign journalists could use this search engine as a compass for Russian”soda” sections of the net.

The agency’s privacy policy contains all the necessary permissions for the enterprise to steal userdata and give it to authorities”during the legal procedure.”  See 1.1.2 and 4 paragraphs for more details.

There are lot of products made by webmasters both for private and government companies, to spy on users and make some profit. When you see their products avoid using them and don’t let anybody know what do you do on the Web. Government applications is the most dangerous since it records everything.

Corporate software makes no difference, because it doesn’t have any strong encryption and all the private user data can be intercepted directly by anyone (including the hackers) or by request.

Western IT-companies use cookies for tracking user activity and putting context ads as well. They even collaborate with authorities in cases independently. Private businesses at least trying to conceal facts that are such from society, However, the in USA. In Russia they just don’t care.

What do you think of Russian branded browsers? Let us know in the comments below!

Pictures courtesy of AppleApple, Yandex.

Source: bitcoincasinoreview.info

What s a Branded Browser 7Bit Casino site

Posted by: funnytodd   
February 22nd,
2018

What’s a Branded Browser?

To earn a branded browser, a company takes an already existing browser (Mozilla Firefox, Opera, Chromium or Chrome) and makes some insignificant modifications to it. A logo can be changed by them, rename a couple of menu options or insert advertising spots or extensions, search boxes.

A good example of a branded browser is the Russian government’s”Sputnik-Browser,”built upon Firefox and based on the government-owned”Sputnik” search engine.

The browser provides features like blocking”unnecessary articles,” protecting kids with”parent management,” cutting out”the most annoying and awful ads,” and so on. You can access the online pages of local authorities, access local government services’ telephone numbers and maps that are local.

The Sputnik Browser has a feature for parents called”online scoring.” It functions through”dnevnik.ru” (dnevnik means diary in Russian), an internet school ratings service and bitcoincasinoreview.info. Parents can watch their children are doing through this extension at the school right in their house or workplaceOneHash scam browser is for iOS, Android and Windows and will not work on Linux-based OS. Ultimately, developers promise login system and Synchronization Feature.

Porn, Tits and Schoolgirls

“It’s very important for us when typing’schoolgirl’ in the search box to discover girls in accurate dresses and white aprons, but not something different,” says Rostelecom Vice President Alexey Basov when asked about the government-curated Sputnik search engine.

Users seemed to test exactly how well this content was filtered out by the search engine. Statistics show that main words searched on Sputnik during May 29, 2015 may was”Tits” and”Porn.” On the same day, Yandex statistics showed”odnoklassniki” and ???vk.com” (popular Russian social networks) words as a primary search requests. This means most of consumers used the Sputnik search engine to search that it blocks, which brings its purpose of censorship.

By six times its user count dropped since the launch May 22, 2015 of Sputnikcreate free bitcoin casino bitcoin casino no deposit bonus usa On May 22, it was at about 141.8 thousand users, but by May 27, only 23.6 thousand searches went through the browser.

Yandex Branded Browser

The Yandex email service is scary to use because of context advertising right in the mailbox and a standard”we will disclose your info to the government” license agreement.

Yandex is a tiny Russian version of Google, with surveillance. The feature is enabled in the browser through a so-called”smart address line,” which sends any input into Yandex servers for”analyzing.”

Yandex is a closed source project, according to a few other open source projects and Chromium open source code. It’s a list of pretty good tools for comfort surfing, and it might be a fantastic tool for work, if you think you don’t need privacy. For instance, foreign journalists could use this search engine as a compass for Russian”soda” sections of the Internet.

The service’s privacy policy contains all the necessary permissions for the enterprise to steal userdata and give it to authorities”during the legal procedure.”  Watch 1.1.2 and 4 paragraphs for additional information.

There are lot of similar products created by webmasters both for private and government businesses, to spy on users and make some profit. When you just avoid using them — see their products and do not let anyone know what do you do on the Web. Government software is the most dangerous because it records everything.

Corporate applications makes no difference, because it doesn’t have any strong encryption and all the private user information could be intercepted directly by anybody (including the hackers) or by petition.

Western IT-companies use cookies for putting context ads as well and tracking user activity. They even collaborate by themselves in rare cases. Private companies at least trying to hide such details from society, but the in USA. In Russia they don’t care.

What do you think of Russian branded browsers? Tell us in the comments below!

Pictures courtesy of AppleApple, Yandex.

Source: bitcoincasinoreview.net

Up to 5 Billion Euros Fine Plus Damages Oshi Casino app

Posted by: funnytodd   
February 15th,
2018

UBS Wants Money Laundering Charge Dropped

The tax fraud and money laundering trial in France of UBS Group AG and its executives started last week after seven decades of investigation.

The largest bank in Switzerland with offices in over 50 nations has requested for the French constitutional court to”drop money laundering charges and limit proceedings to complicity in tax fraud, which includes lighter penalties,” Reuters reported Thursday. However, the court refused this request, noting that the bank’s arguments were”devoid of seriousness,” the information outlet comprehensive, elaborating:

Its unit, UBS Group AG and six executives and executives face charges of aggravated tax fraud and money laundering in an investigation into allegations they helped clients avoid taxes in France.

Up to 5 Billion Euros Fine Plus Damages

During the analysis, UBS Group turned down the government’ settlement offer of 1.1 billion euros, the book conveyed. “The amount corresponded to what the Swiss bank had already paid as a court bond, according to judicial sources.” The news outlet further described:

If found guilty of money laundering, UBS may be fined up to 5 billion euros ($5.8 billion). French criminal law lets judges enforce penalties as large as half of the amount laundered and in this case prosecutors estimate that around 10.6 billion euros was denied to the French tax authorities and bitcoin lottery casino review.

According to Reuters, the lender may face damages awarded to the tax authorities for the earnings and the executives risk jail time.

The whistleblower told the book that he hoped for a stiff penalty for Switzerland’s biggest bank, saying that”If they set an example with UBS, most other banks will be fearfulBitcoinRush review 2009, UBS went through a similar trial in the U.S. and paid $780 million in settlement. In 2014, the bank paid 300 million euros and was on trial in Germany.

Recently, a variety of different megabanks have been under fire for alleged money laundering activities. Danske Bank, denmark’s biggest bank , allegedly engaged in money laundering. The research into Danske Bank has also implicated Deutsche Bank and Citigroup.  Last month, the largest retail bank, ING Group of Netherland, was fined $900 million for money laundering. News.Bitcoin.com also recently reported that Nordic region’s biggest bank, Nordea, was suspected of money laundering.

What do you think of the French court refusing to drop money laundering charge against UBS and its executives? Let us know in the comments section below.

Images courtesy of Shutterstock and UBS.

Need to compute your bitcoin holdings? Check our tools section

Source: bitcoincasinoreview.info

Up to 5 Billion Euros Fine Plus Damages Oshi Casino app

Posted by: funnytodd   
February 13th,
2018

UBS Requires Money Laundering Charge Dropped

The tax fraud and money laundering trial in France of its executives and UBS Group AG started last week after seven decades of investigation.

The largest bank in Switzerland with offices in over 50 countries has requested for the French constitutional court to”drop money laundering charges and limit proceedings to complicity in tax fraud, which includes lighter penalties,” Reuters reported Thursday. However, the court refused this request, noting that the bank’s arguments were”devoid of seriousness,” the information outlet comprehensive, elaborating:

Six executives, its unit and UBS Group AG and executives face charges of aggravated tax fraud and money laundering in an investigation into allegations they helped wealthy clients avoid taxes in France.

Up to 5 Billion Euros Fine Plus Damages

During the analysis, UBS Group turned down the authorities’ settlement deal of 1.1 billion euros, the publication conveyed. “The amount corresponded to what the Swiss bank had already paid as a court bond, according to judicial sources.” The information outlet

If found guilty of money laundering, UBS could be fined up to 5 billion euros ($5.8 billion). French criminal law lets judges enforce fines as large as half the amount laundered and in this case prosecutors estimate that up to 10.6 billion euros was refused to the French tax authorities and bitcoin lottery casino review.

According to Reuters, the lender may face damages awarded to the French tax authorities for the executives risk jail and the earnings time.

The whistleblower told the book that he hoped for a stiff penalty for Switzerland’s biggest bank, saying that”If they set an example with UBS, most other banks will be fearfulbitcoinpenguin rating 2009, UBS went through a similar trial in the U.S. and paid $780 million in settlement. In 2014, the lender was on trial in Germany and paid 300 million euros.

Recently, a number of megabanks have been under fire for alleged money laundering activities. Denmark’s largest bank, Danske Bank, allegedly engaged in money laundering. The research into Danske Bank has implicated Deutsche Bank and Citigroup.  Last month, ING Group, Netherland’s largest retail bank, was fined $900 million for money laundering. News.Bitcoin.com also recently reported that Nordic region’s biggest bank, Nordea, was suspected of money laundering.

What do you think of the French court refusing to drop money laundering charge against UBS and its executives? Let us know in the comments section below.

Pictures courtesy of Shutterstock and UBS.

Have to compute your bitcoin holdings? Check our tools sectionBITCOIN LOTTERY rating

Source: bitcoincasinoreview.info

Luxury Apartments in Turkey Are Available for Purchase With Bitcoin in an Effort to Capitalize Upon a Growing Interest in Cryptocurrency From Turkish Investors

The luxury apartments have been accomplished by the Turkish company Anadolu Akaryak??t ve Ticaret Ltd.. Sti, who has called the 114 apartment development the’MiaVita Beytepe’ project.

Erdal Daldaban, the”Project Management Firm owner”, has enthusiastically described the foray of MiaVita Beytepe’s into digital currency, highlighting the growing interest in bitcoin being generated among Turkish investors. “We decided to create sales via Bitcoin, which has recently attracted the interest of Turkish investors with its recent value path, considering that we can also attract the interest of our clients who appreciate their investments such as this”, adding that”digital currency has become an element that can no longer be ignored for the global economy. The most remarkable progress in these digital currencies was the fact that BitCoin provided technical infrastructure stability and awareness, and the Turkish investor was rightly interested.”

Daldaban has sought to assure prospective investors, saying that”bitcoin is independent of financial policies that control conventional currencies and acts on its own channel because it’s not tied to any Central Bank.”

Turkey’s Banking Regulation and Supervision Agency Issued a Statement in 2013 Which Is Seen to Have Confirmed the Legality of Bitcoin

The 2013 release concludes that bitcoin isn’t considered to be digital money according to Turkish legislation,”and thus its own surveillance and oversight are not possible within the framework of the law.”

Although Turkey has not updated its official position regarding bitcoin since 2013, Turkey’s Banking Regulation and Supervision Agency announced that it would seek to”prevent the use of alternative spending techniques, such as bitcoin, ethereum, and ripple, for illegal gambling activities” as part of an initiative designed to crackdown on black market gaming and best bitcoin casino usa testimonials . During August of this past year, Turkey’s sole bitcoin market, BTCturk, announced that it would cease operations due to its inability to discover a banking partner — indicating that despite bitcoin’s legal status within Turkey, domestic financial institutions are hesitant to associate with cryptocurrency businesses.

The MiaVita Beytepe project unites a number of properties that are up-market which have been listed for sale in exchange for bitcoins in recent months. In exchange for bitcoin, a home in Austin, Texas was sold Throughout last week. A London home was also listed with a minimum asking price of 500 bitcoins for sale a weekbuy casino stock with bitcoin ignition casino bitcoin from exchange At the beginning of the month, Michelle Mone and Douglas Barrowman announced plans to sell 1,133 Dubai apartments in exchange for bitcoin, in partnership with Bitpay and Knox Group, together with the 40-storey tower flats set to become the first properties in Dubai’s Science part to be priced and sold in exchange for a cryptocurrency settlement. This season has seen two properties located in the city of Coquitlam listed despite cryptocurrency existing outside of property regulations and Canadian fund, for amounts of bitcoin.

Would you think about purchasing or selling property in exchange for bitcoin or other cryptocurrencies? Share your thoughts in the comments section below!

Pictures courtesy of Shutterstock

Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That is why we are building this world around anything and everything Bitcoin. We have a shop . Along with a forum. And a casino, a pool and real-time price figures .

Source: bitcoincasinoreview.info

Luxury Apartments in Turkey Are Available for Purchase With Bitcoin in an Effort to Capitalize Upon a Growing Interest in Cryptocurrency From Turkish Investors

The luxury apartments have been realized by the Turkish firm Anadolu Akaryak??t ve Ticaret Ltd.. Sti, who has called the 114 apartment development the’MiaVita Beytepe’ project.

Erdal Daldaban, the”Project Management Firm owner”, has enthusiastically described the foray of MiaVita Beytepe’s into electronic currency, emphasizing the growing interest in bitcoin being generated among Turkish investors. “We chose to create sales via Bitcoin, which has recently attracted the interest of Turkish investors with its recent value path, considering that we can also draw the interest of our clients who appreciate their investments like this”, adding that”digital money has turned into an element that can no longer be ignored for the international economy. The most remarkable progress in these digital currencies was the fact that BitCoin supplied technical infrastructure stability and awareness, and the Turkish investor was rightly interested.”

Daldaban has sought to assure prospective investors, stating that”bitcoin is independent of monetary policies that control conventional currencies and acts on its own channel as it is not tied to any Central Bank.”

Turkey’s Banking Regulation and Supervision Agency Issued a Statement in 2013 Which Is Seen to Have Confirmed the Legality of Bitcoin

The 2013 release concludes that bitcoin isn’t considered to be electronic money according to Turkish legislation,”and consequently its own surveillance and oversight aren’t feasible within the framework of the law.”

Although Turkey hasn’t updated its official stance regarding bitcoin because 2013, Turkey’s Banking Regulation and Supervision Agency announced that it would seek to”prevent the use of alternative spending techniques, such as bitcoin, ethereum, and ripple, for illegal gaming activities” as part of an initiative designed to crackdown on black market gaming and best bitcoin casino usa reviews. During August of last year, Turkey’s only bitcoin market, BTCturk, announced that it would cease operations because of its inability to discover a banking partner — indicating that despite bitcoin’s legal status within Turkey, domestic financial institutions are hesitant to associate with cryptocurrency businesses.

The MiaVita Beytepe project unites a range of properties which were listed for sale in exchange. During last week, a house in Austin, Texas was sold in exchange for bitcoin. Last 18, A London house was also listed with a minimum asking price of 500 bitcoins for saleignition casino circle bitcoin bitcoin casino with free play mode At the start of the month, Michelle Mone and Douglas Barrowman announced plans to market 1,133 Dubai apartments in exchange for bitcoin, in partnership with Bitpay and Knox Group, with the 40-storey tower apartments set to become the first properties in Dubai’s Science part to be priced and sold in exchange for a cryptocurrency settlement. This season has also seen two properties located in the city of Coquitlam listed despite cryptocurrency outside of finance and property regulations, for sums of bitcoin.

Would you think about buying or selling property in exchange for bitcoin or other cryptocurrencies? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online world revolving around anything and everything Bitcoin. We have a shop . And a forum. Along with a casino, a pool and real time price statistics.

Source: bitcoincasinoreview.info

The Ripple Consensus Ledger Concept create free bitcoin casino

Posted by: funnytodd   
January 31st,
2018

The Ripple Consensus Ledger Concept

Digital money enthusiasts will know the title Ripple, since this company has been focusing on the development of blockchain technology. Or to be more precise, they supply financial players — mostly banks — that will help reduce costs with financial settlement solutions that are global.

As they also need to offer direct transactions but that isn’t all this company doesfree spins casino bitcoin are bitcoin casino apps legal Settling these transactions is made possible thanks to this Ripple Consensus Ledger, which is the ledger for its XRP advantage. Unlike Bitcoin miners, the Ripple network employs individual validators to confirm transactions and bitcoin casino with high payout chance.

Ripple Consensus Ledger

One of those Ripple validators will be conducted by MIT, as their Connection Science research initiative is exploring the options of a worldwide Byzantine consensus database. This news is a significant notch in the belt for Ripple, as MIT is among the world renowned technological institutes. Moreover, the community will be strengthened by more validators on the Ripple Consensus ledger, and give decentralization to this concept.

MIT Professor, Alex Pentland, shared his vision for this project as follows:

In this new experiment with Ripple, we’re taking MIT’s experiential research strategy to the blockchain, and we anticipate this collaboration will provide us new opportunities to test and deploy data applications and research.We’re happy that the Ripple team has fostered a meaningful dialog with us about the future of fund through the decentralization of digital currencies and value.

Professor Pentland and Managing Director David Shrier will direct MIT’s involvement as a Ripple Consensus Ledger validator. Furthermore, MIT Link Science will continue to create novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium”umbrella.”

Both entities have a whole lot of mutual respect for each other, and Ripple is very excited to have MIT on board. Allowing money to move freely through the world — similar to how information is shared on the Web —  is a significant project, and with such a renowned institute contribute to these efforts can be invaluable to Ripple.

It has to be said that MIT won’t have to use up resources to be a validator on the Ripple Consensus Ledger. All of these systems may be compared to running an email server, and are very lightweight. Bearing in mind how 30 distinct banks around the world have embraced this technology, things that are exciting appear to be on the horizon for all partiesjack and the beanstalk casino game bitcoin bitcoin online casino bonuses

What are your thoughts on MIT becoming a validator on the Ripple Consensus Ledger? Tell us in the comments below!

Source: Business Wire

Pictures courtesy of Ripple, MIT, en.wikipedia.org

Source: bitcoincasinoreview.info

The Ripple Consensus Ledger Concept create free bitcoin casino

Posted by: funnytodd   
January 25th,
2018

The Ripple Consensus Ledger Concept

Since this company has been focusing on the development of blockchain technology, digital money enthusiasts will know the name Ripple. Or to be more exact, they supply financial players — mostly banks — which will help reduce prices with global financial settlement solutions.

Since they also need to provide direct trades but that is not all this company doesbetcoin rating Settling these transactions in real time is made possible due to the Ripple Consensus Ledger, which is also the ledger for its XRP advantage. Unlike Bitcoin miners, the Ripple system employs individual validators to confirm transactions and bitcoin casino with high payout chance.

Ripple Consensus Ledger

One of these Ripple validators will be run by MIT, as their Connection Science research initiative is investigating the options of a global Byzantine consensus database. As MIT is among the world’s most renowned technological institutes, this news is a notch in the belt for Ripple. Moreover, the network will be strengthened by more validators on the Ripple Consensus ledger, and offer decentralization to this concept.

Alex Pentland, MIT Professor, shared his vision for this project as follows:

In this new experiment with Ripple, we are taking MIT’s experiential research strategy to the blockchain, and we expect this collaboration will provide us new opportunities to test and deploy data applications and research.We’re pleased that the Ripple team has fostered a substantive dialog with us about the future of finance through the decentralization of digital currencies and value.

Managing Director David Shrier and professor Pentland will direct MIT’s involvement as a Ripple Consensus Ledger validator. Furthermore, MIT Link Science will continue to develop novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium”umbrella.”

Both entities have a lot of mutual respect for each other, and Ripple is excited to have MIT on board. Allowing money to move freely through the world — like how information is shared on the Internet —  is a significant project, and having such a renowned institute contribute to these efforts can be invaluable to Ripple.

It has to be said that MIT will not have to use resources up to be a validator on the Ripple Consensus Ledger. All of these systems are extremely lightweight, and can be compared to running an email server. Keeping in mind how 30 different banks around the world have embraced this technology, exciting things seem to be on the horizon for all parties involved777Coin review

What are your thoughts on MIT getting a validator on the Ripple Consensus Ledger? Let us know in the comments below!

Source: Business Wire

Pictures courtesy of Ripple, MIT, en.wikipedia.org

Source: bitcoincasinoreview.net

The AMCM Informed Local Financial Institutions That They Must Not”Participate in or Provide… Financial Services Related to [Virtual Currencies]”

Macau’s ban on financial institutions providing services to companies has been triggered by the current cryptocurrency crackdown of China. The Monetary Authority of Macau states that”because of recent happenings of funding activities through issuance of tokens in the Mainland, financial institutions and on-bank payment associations are prohibited explicitly by Mainland authorities from providing services for these tokens and virtual currencies.”

Macau known as the People’s Republic of China’s Macao Special Administrative Region, is a sovereign landturning stone casino bitcoin bitcoin penguin casino reddit In Macau, unlike mainland China, making the land a regional hub for casinos and gaming gambling is legal. Macau has recently been the subject of a crackdown on money laundering by Beijing, with authorities moving to monitor capital outflows into the territory — including the introduction of ATMs that scan for identity card checks and facial recognition throughout Macau during cash withdrawals.

According to Reuters China, the AMCM said that”in light of the recent emergence of a high number of inward currency issuance financing activities, speculation in speculation, the mainland ministries have prohibited financial institutions and non-bank payment agencies to offer financing for the money and virtual money and bitcoin live casino no deposit bonus.” Macau’s financial regulator also stated that it had sent a”letter to all banks and payment institutions in Macao, should not directly or indirectly take part in or provide any financial services associated with [virtual currencies].”

The Macau Dragon Corp.. Is Conducting an ICO to Fund the Development of a Casino

Macau’s ban on financial institutions providing services to virtual money companies comes during the same week that Macau-based gaming company, Dragon Corp., established a first coin offering to raise $500 million USD to the building of a casino in partnership with Thai-based Wi Holding. The CEO of Wi Holding, Chakrit Ahmad, told CNBC that the crowdsale will comprise”the first time anyone has allowed the public to invest in a public junket or become a shareholder of a casino.” The ICO won’t be subject to the crackdown of Macau due to this crowdsale.

Dragon Corp’s crowdsale has generated controversy in China, since the 61-year old former-boss of notorious criminal organization Triad Society, Wan Kuok-Koi, was photographed at the signing ceremony for the partnership between Dragon Corp. and Wi Holding.

Do you think that Dragon Corp.’s ICO will successfully evade Chinese and Macau regulators? Share your thoughts in the comments section below!

Pictures courtesy of Shutterstock

Want to create your own secure cold storage paper wallet? Check our tools section.

Source: bitcoincasinoreview.info

The AMCM Informed Local Financial Institutions That They Must Not”Participate in or Provide… Financial Services Related to [Virtual Currencies]”

Macau’s ban on financial institutions providing services to firms has been triggered by China’s recent cryptocurrency crackdown. The Monetary Authority of Macau states that”due to recent happenings of financing activities through issuance of tokens from the Mainland, financial institutions and on-bank payment associations are prohibited explicitly by Mainland authorities from providing services for these tokens and virtual currencies.”

Macau, formally known as the People’s Republic of China’s Macao Special Administrative Region, is a sovereign territoryBitcoin casino beginners guide the best payout for bitcoin casino Gambling is legal in Macau, unlike mainland China, making the territory a hub for casinos and gaming. Macau has become the subject of a crackdown on money laundering by Beijing, with Chinese regulators moving to closely track capital outflows into the land — such as the introduction of ATMs that scan for facial recognition and identity card checks throughout Macau during cash withdrawals.

According to Reuters China, the AMCM stated that”in light of the recent emergence of a large number of inward currency issuance financing activities, speculation in speculation, the mainland ministries have prohibited financial institutions and non-bank payment agencies to provide financing for the currency and virtual currency and bitcoin live casino no deposit bonus.” Macau’s financial regulator also stated that it had sent a”letter to all banks and payment associations in Macao, shouldn’t directly or indirectly take part in or provide any financial services associated with [virtual currencies].”

The Macau Dragon Corp.. Is Conducting an ICO to Fund the Growth of a Casino

Macau’s ban on financial institutions providing services to virtual currency companies comes during the exact same week that Macau-based gaming company, Dragon Corp., established a first coin offering to raise $500 million USD for the construction of a casino in partnership with Thai-based Wi Holding. The CEO of Wi Holding, Chakrit Ahmad, told CNBC that the crowdsale will include”the first time anyone has enabled the public to invest in a public junket or become a shareholder of a casino.” Despite Dragon Corp casino set to be assembled in Macau, the ICO will not be subject to the crackdown of Macau due to the crowdsale being issued in Hong Kong.

Dragon Corp’s crowdsale has generated controversy in China, as the 61-year old former-boss of notorious criminal organization Triad Society, Wan Kuok-Koi, was photographed at the signing ceremony for the partnership between Dragon Corp. and Wi Holding.

Do you believe that Dragon Corp.’s ICO will successfully evade Chinese and Macau regulators? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Want to make your own safe cold storage paper wallet? Check our tools section.

Source: bitcoincasinoreview.net