Kategória: Crypto reviews

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. They can change a logo, rename a couple of menu choices or insert extensions, search boxes or advertising spots.

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

The browser provides features like blocking”unnecessary content,” protecting kids with”parent control,” cutting out”the most annoying and awful ads,” and so on. Additionally, you can access the official online pages of authorities, get access to local government services’ phone numbers and maps.

The Sputnik Browser has a feature for parents called”online scoring.” It functions through”dnevnik.ru” (dnevnik means journal in Russian), an internet school evaluations agency and bitcoincasinoreview.info. Parents can watch their kids are doing through this extension in the school right in their home or workplacefree spin codes for vegas casino bitcoin bitcoin casino with miner browser is for iOS, Android and Windows and will not work on Linux-based OS. Ultimately, developers promise combined login system and Synchronization Feature.

Porn, Tits and Schoolgirls

“It’s 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 seemed to test how well the search engine filtered this pornographic 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 key search requests. This means most of consumers used the Sputnik search engine to search that it blocks, which attracts its purpose of censorship into question.

Since Sputnik’s launch May 22, 2015 its user count fell by six timesbitcoin casino pay with debit card bitcoin welcome casino bonus 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 because of circumstance advertising right in the mailbox and a standard”we will disclose your information to the government” license agreement.

Yandex is a Russian version of Google, with surveillance enabled by default. The feature is enabled in the browser via a so-called”smart speech 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 has a list of tools for relaxation surfing, and if you believe you don’t need privacy, it might be a tool for work. For instance, foreign journalists may use this search engine as a compass for Russian”soda” segments of the Internet.

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

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

Corporate software makes no difference, since it has no strong encryption and all the private user data could be intercepted directly by anybody (including the hackers) or by petition.

Western IT-companies use cookies for placing context ads and tracking user activity. They even collaborate in rare cases by themselves with authorities. Private companies trying to hide details from society, but the in USA. In Russia they simply 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 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. They can change a symbol, rename a couple of menu choices or add third-party extensions, search boxes or advertising spots.

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

The browser provides features like blocking”unnecessary articles,” protecting children with”parent control,” cutting out”the most annoying and awful ads,” and so on. Also, you can get the online pages of local government, access local government services’ telephone numbers and maps.

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 observe how their kids are doing in the school right from their home or workplace through this extensionusa online bitcoin casino bitcoin casino with faucet browser is for Windows, Android and iOS and won’t work on Linux-based OS. In the future, developers promise Synchronization Feature and login system that is united.

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 keywords 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 key search requests. This means most of consumers used the Sputnik search engine to search for items that it blocks, which attracts its purpose of censorship.

By six times its user count dropped since the launch May 22, 2015 of Sputnikbitcoin casino instant withdraw best bitcoin casino guide On May 22, it was at about 141.8 thousand users, but by May 27, just 23.6 thousand searches went through the browser.

Yandex Branded Browser

The Yandex e-mail service is scary to use because of context advertising right in the mailbox and a standard”we will disclose your information to the authorities” license agreement.

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

Yandex is a closed source project, based on some other open source projects and Chromium open source code. It’s a list of tools for relaxation browsing, and it could be a good 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”pop” segments of the Internet.

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

There are plenty of similar products made by webmasters both for government and private 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 net. Government applications is the most dangerous since it records everything.

Corporate software makes no difference, because it has no strong encryption and all the private user data could be intercepted directly by anybody (including the hackers) or by petition.

Western IT-companies use cookies for placing context advertisements and tracking user activity. They even collaborate in cases by themselves with authorities. Private businesses trying to hide facts that are such 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!

Images courtesy of AppleApple, Yandex.

Source: bitcoincasinoreview.net

UBS Requires Money Laundering Charge Dropped

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

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

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

Up to 5 Billion Euros Fine Plus Damages

Throughout the analysis, UBS Group turned down the government’ settlement offer of 1.1 billion euros, the book hauled. “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 allows judges enforce penalties as high 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 also face damages awarded to the tax authorities for the executives risk jail and the revenue time.

The whistleblower told the publication that he hoped for a stiff penalty for Switzerland’s biggest bank, stating that”If they set an example with UBS, most other banks will be fearfulbitcoin casino us players best bitcoin casino instant payout 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 in fines.

A variety of other megabanks have been under fire for alleged money laundering activities. The largest bank, Danske Bank of denmark , allegedly engaged in money laundering. The probe into Danske Bank has also implicated Citigroup and Deutsche Bank.  Last month, Netherland’s largest retail bank, ING Group, 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 lose money laundering charge against UBS and its executives? Tell us in the comments section below.

Images courtesy of Shutterstock and UBS.

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Source: bitcoincasinoreview.info

UBS Requires 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 years of investigation.

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

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

Up to 5 Billion Euros Fine Plus Damages

Throughout the investigation, UBS Group turned down the government’ settlement offer of 1.1 billion euros, the publication hauled. “The sum corresponded to what the Swiss bank had already paid as a court bond, according to judicial sources.” The news outlet described:

If found guilty of money laundering, UBS could be fined up to 5 billion euros ($5.8 billion). French criminal law allows judges enforce fines as large as half the amount laundered and in this case prosecutors estimate that around 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 lost revenue time.

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

Recently, a number of other megabanks have been under fire for alleged money laundering activities. The largest bank, Danske Bank of denmark , allegedly engaged in money laundering through its branch that could complete 200 billion euros. The research into Danske Bank has also implicated Deutsche Bank and Citigroup.  Last month, Netherland’s largest retail bank, ING Group, 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? Tell us in the comments section below.

Pictures courtesy of Shutterstock and UBS.

Need to calculate your bitcoin holdings? Check our tools sectionbitcoin casino with faucet how to use bitcoin at online casino

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 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 chose to create sales via Bitcoin, which has recently attracted the attention of Turkish investors with its latest value route, considering that we can also draw the attention of our clients who appreciate their investments like this”, adding that”digital currency has become an element that can no longer be ignored for the international economy. The most remarkable progress in these digital monies was the fact that BitCoin supplied technical infrastructure stability and consciousness, and the Turkish investor was rightly interested.”

Daldaban has sought to assure potential investors, saying that”bitcoin is independent of monetary policies that control conventional currencies and functions 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 is not regarded as digital money according to Turkish laws,”and consequently its surveillance and oversight are not feasible within the frame of the law.”

Although Turkey has not 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 gambling and best bitcoin casino usa reviews. During August of this past year, Turkey’s only bitcoin market, BTCturk, announced that it would cease operations due to its inability to find a banking partner — suggesting that despite bitcoin’s legal status within Turkey, national financial institutions are hesitant to partner with cryptocurrency businesses.

The MiaVita Beytepe project joins a number of up-market properties which have been listed for sale in exchange for bitcoins lately. Throughout last week, a house in Austin, Texas was sold in exchange for bitcoin. Last week A London home was also listed for salevegasstrip casino bitcoin bonus code bitcoin real casino terminal 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 year has also seen two properties located in the Canadian city of Coquitlam listed for amounts of bitcoin, despite outside of property regulations and finance.

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 online universe around everything and anything Bitcoin. We’ve got a store. 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 Using Bitcoin in an Effort to Capitalize Upon a Growing Interest in Cryptocurrency From Turkish Investors

The luxury apartments have been accomplished 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 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 attention of Turkish investors with its latest value path, considering that we could also attract the attention of our customers who appreciate their investments like this”, adding that”digital money has become an element that can no longer be ignored for the international economy. The most remarkable progress in these digital monies 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, stating that”bitcoin is independent of monetary policies that control conventional currencies and functions on its own station 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 surveillance and supervision aren’t feasible within the frame of the law.”

Although Turkey hasn’t updated its official stance regarding bitcoin since 2013, Turkey’s Banking Regulation and Supervision Agency announced that it would seek to”prevent the use of other spending methods, 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 this past year, Turkey’s only bitcoin market, BTCturk, announced that it would cease operations due to its inability to discover a banking partner — suggesting that despite bitcoin’s legal status within Turkey, national financial institutions are hesitant to partner with cryptocurrency businesses.

The MiaVita Beytepe project joins a range of properties that are up-market which were listed for sale in exchange. In exchange for bitcoin, a home in Austin, Texas was sold Throughout last week. A 18, A London home was listed with a minimum asking price of 500 bitcoins for saleGet up to 1 Bitcoin Free on Ethereum Sweepstakes bonus code At the start 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 apartments set to become the first properties in Dubai’s Science part to be sold and priced in exchange for a cryptocurrency settlement. This season has also seen two properties situated in the city of Coquitlam listed for sums of bitcoin, despite cryptocurrency outside of property regulations and fund.

Would you think about purchasing 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 is why we are building this universe revolving around anything and everything Bitcoin. We have a store. Along with a forum. Along with a casino, a pool and real time price statistics.

Source: bitcoincasinoreview.net

The Ripple Consensus Ledger Concept

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

Since they also want to provide trades, but that is not all this company doesa href=”https://bitcoincasinoreview.net/cryptogames-review-rating”>Cryptogames site Settling these international transactions in real time is made possible due to this Ripple Consensus Ledger, which can be the foundational distributed ledger for the 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 these Ripple validators will be conducted by MIT, as their Connection Science research initiative is exploring the options of a worldwide Byzantine consensus database. As MIT is among the world renowned technological institutes, this news is a substantial notch in the belt for Ripple. Moreover, more validators give a bit more decentralization to this concept as well, and on the Ripple Consensus ledger will strengthen the community.

Alex Pentland, MIT Professor, shared his vision as follows:

In this new experiment with Ripple, we are taking MIT’s experiential research approach to the blockchain, and we expect this collaboration will provide us new opportunities to test and deploy information programs and research.We’re pleased that the Ripple team has fostered a meaningful 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 participation . Moreover, MIT Connection 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 respect for one another, and Ripple is excited to have MIT on board. Allowing money to move freely across 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 must be said that MIT will not have to use up resources to be a validator on the Ripple Consensus Ledger. All of these systems are lightweight, and may be compared to running an email server. Bearing in mind how 30 banks around the world have embraced this technology, exciting things seem to be on the horizon for all parties involvedbetchain review

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

Source: Business Wire

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

Source: bitcoincasinoreview.net

The Ripple Consensus Ledger Concept

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

As they want to offer direct trades, but that isn’t all this company doesbitcoin online casino free to play online casino accepts credit cards and withdrawn on bitcoin Settling these transactions is made possible thanks to this Ripple Consensus Ledger, which can be the foundational distributed ledger for its XRP digital 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 these Ripple validators will be conducted by MIT, as their Connection Science research initiative is investigating the options of a global Byzantine consensus database. This news is a significant notch in the belt for Ripple, as MIT is among the world’s most renowned technological institutes. Moreover, the community will be strengthened by more validators on the Ripple Consensus ledger, and offer decentralization to this concept as well.

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 approach to the blockchain, and we anticipate this collaboration will provide us new opportunities to test and deploy information applications and research.We’re pleased that the Ripple team has fostered a meaningful dialog with us about the future of finance through the decentralization of digital currencies and value.

Managing Director David Shrier and professor Pentland will lead MIT’s involvement . 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 respect for each other, and Ripple is very excited to have MIT on board. Allowing money to move freely across the world — similar to how information is shared on the Web —  is a substantial project, and with such a renowned institute contribute to those efforts can be invaluable to Ripple.

It has to be said that MIT won’t need to use a lot of resources up to be a validator on the Ripple Consensus Ledger. All of these systems are lightweight, and can be compared to running an email server. Bearing in mind how 30 distinct banks around the world have embraced this technology, things that are exciting seem to be on the horizon for all partiesno deposit casino bitcoin usa how to make a bitcoin casino

What are your thoughts on MIT becoming 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 Supply… Financial Services Related to [Virtual Currencies]”

The ban on financial institutions providing services to companies of macau has been sparked by the recent cryptocurrency crackdown of China. The Monetary Authority of Macau states that”because of recent happenings of funding actions 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, formally known as the Macao Special Administrative Region of the People’s Republic of China, is an autonomous land administered under Chinese sovereigntyTrusted 777coin casino In Macau, unlike mainland China, making the territory a regional hub for gaming and casinos, gambling is legal. Macau has been the subject of a crackdown on money laundering by Beijing, with regulators moving to closely track capital outflows into the autonomous territory — including the introduction of ATMs that scan throughout Macau during cash withdrawals for identity card checks and facial recognition.

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

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

Macau’s ban on financial institutions providing services to virtual currency companies comes during the 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 allowed the public to invest in a public junket or become a shareholder of a casino.” The ICO will not be subject to the crackdown of Macau due to this crowdsale.

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 in 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 make 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 Supply… Financial Services Related to [Virtual Currencies]”

The ban on financial institutions providing services to companies of macau has been triggered by the current cryptocurrency crackdown of China. The Monetary Authority of Macau states that”because of recent happenings of funding actions through issuance of tokens from the Mainland, financial institutions and on-bank payment institutions 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 an autonomous land administered under Chinese sovereigntyusa friendly bitcoin casino best casino for same day cash out with bitcoin Gambling is legal in Macau, unlike mainland China, making the land a hub for gambling and casinos. Macau has recently been the subject of a crackdown on money laundering by Beijing, with authorities moving to monitor capital outflows to the land — including the introduction of ATMs that scan for facial recognition and identity card checks throughout Macau.

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

The Macau Dragon Corp.. Is Running an ICO to Finance the Growth of a Casino

Macau’s ban on financial institutions providing services to virtual money companies comes during the exact same week that Macau-based gaming company, Dragon Corp., launched an initial 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.” Despite Dragon Corp’s proposed casino set to be constructed in Macau, the ICO won’t be subject to Macau’s crackdown due to this crowdsale.

Dragon Corp’s crowdsale has generated controversy in China, since the 61-year older 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 safe cold storage paper wallet? Check our tools section.

Source: bitcoincasinoreview.net