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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“.
$75K Win on Mobile Slot @ CafeCasino -
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NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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