Bitcoin Acceptance Gaining Momentum
By Casinomeister, Last updated Aug 5, 2016
UK Gambling Commission approves use by licensees
Amid growing reports that gambling regulators in Malta and the Isle of Man are considering following Curaçao in approving Bitcoin as an acceptable currency for gambling, the UK Gambling Commission has amended section 5 of its Licence Conditions and Code of Practice to permit the use of digital currencies with effect from the end of October this year.
The approval emphasises the need for the implementation of "appropriate policies and procedures" common to more conventional currencies to ensure that the use of digital currencies is not abused or subverted for criminal purposes.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com