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Will Bitcoin Remain anonymous
WILL BITCOIN REMAIN AN ANONYMOUS VEHICLE FOR GAMBLING TRANSACTIONS?
European Commission anti-money laundering amendments may threaten one of Bitcoins top attractions.
One of the main player attractions of the cyber-currency Bitcoin is probably the anonymity of transactions in which it used, but that could become a thing of the past according to an article in Gaming Tech Law this week.
The piece points to a European Commission-sponsored anti-money laundering initiative calling for the creation of a centralised database of users in order to remove the danger of criminal abuse.
Apparently the 4th European anti-money laundering directive identified the dangers of anonymity as the main issue preventing the growth of virtual currencies.
The EC has therefore proposed that:
* Anti-money laundering regulations are extended to providers of virtual currency exchange platforms and wallet providers of custodial services of credentials necessary to access to virtual currencies which shall be licensed or registered;
* Financial Intelligence Units (FIUs) should be able to link virtual currency addresses to the relevant owner. For this purpose, a report on the implementation of the Directive shall consider also proposals on the possibility to set up of a central database of virtual currency/bitcoin users accessible to FIUs and allow virtual currency users to self-declare on a voluntary basis.
The EC recommendation must still be approved by the European Parliament, but could be implemented as early as January next year, Gaming Tech Law notes, commenting that the initiative indicates an attempt by European regulators to “control” virtual currencies using a definition based on function ie:
“A digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically“.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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