No matter if you are a crypto enthusiast and believe that it will revolutionize the world of finance or someone who thinks that it is total nonsense, we cannot deny the fact that cryptocurrencies already have a massive impact on many industries, including online casinos.
We’ve already seen casinos starting to accept cryptocurrencies in games as a form of gambling, and this has a much bigger impact than just another payment solution. First of all, cryptocurrencies unlock the global market and are perfect for navigating through the legal landscape of casinos. There are some people who use cryptocurrencies to bypass the process of geo-restrictions or payment gateway restrictions.
But are crypto casinos legal and are you safe engaging in such activities?
Let’s take a deep dive into the legal landscape of cryptocurrencies in online casinos and find out whether or not they are safe.
What Exactly Are Crypto Casinos?
Well, the name tells it all. A crypto casino is just like a regular online casino platform, but instead of traditional FIAT currency used in the process, people can wager using cryptocurrencies like Bitcoin, Ethereum, or other digital assets.
But what makes crypto casinos special? Is it just the different payment options?
As you probably already know, cryptocurrencies are built on top of a blockchain, therefore they come with more advantages such as anonymity, faster transactions, and in most cases lower fees (depending on the network).
The true difference between cryptocurrencies and traditional payments is the way transactions are processed. Unlike traditional online casinos where you have a middleman (the bank) processing transaction, cryptocurrencies are entirely independent and are sorted out on the blockchain removing the middleman. This often reduces processing times and lowers traditional bank fees.
Despite cryptocurrencies reaching billions of dollars in market cap, their legal framework governing the crypto industry varies across jurisdictions. In most cases, cryptocurrencies operate in the grey area and are not entirely regulated. This also includes online casinos that use cryptocurrencies.
The Current Regulatory Landscape
When it comes to crypto casinos, the legal aspect of operations depends on where you are in the world. Some countries like El Salvador have more favorable views over cryptocurrencies, and others try to block the process of legalizing cryptocurrencies.
Here are some of the regions and their views on crypto casinos:
United Kingdom
In the UK, we have the UK Gambling Commission (UKGC) that regulates online gambling, and to be honest, quite rigorously. This is not a bad thing. After all, their goal is to create a safe and fair environment where customers won’t be taken advantage of in any situation.
Even though we can spot that the UKGC is starting to acknowledge the use of digital currencies and their presence in online gambling, crypto casinos still remain in the gray area in terms of regulation.
Why? Well, their regulatory bodies have raised quite a few concerns, such as concerns over anonymity and potential money laundering. Therefore, if you want to open a crypto casino in the UK, Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations are essential in order to get a chance to obtain a license.
United States
In the U.S. things are quite complex. The government has quite negative views on cryptocurrencies in general, although they recently approved the creation of a Bitcoin ETF, which opens the legal gate of cryptocurrencies in the country.
However, online gambling in the U.S. is based on a state level. Some states in the U.S. are allowing online gambling and casinos, and some states strictly prohibit online gambling. States like Nevada have legalized online gambling completely, including crypto gambling but they have to adhere to specific licensing requirements.
Therefore, opening a crypto casino in the U.S. is quite difficult. The crypto industry isn’t quite regulated and businesses need to navigate both federal guidelines and varying state laws to ensure compliance.
Malta
Malta is often a country where most online casinos go for obtaining a gambling license just because of their easy licensing process. Here we have the Malta Gaming Authority (MGA), which was one of the first regulatory bodies that started offering crypto casino licenses.
However, just because most casinos obtain their license through the MGA, it doesn’t mean that they don’t have to meet strict regulatory requirements.
Malta always had a progressive approach towards online gambling, which is why they were the first ones to integrate cryptocurrencies into their legal framework, just so the players could feel safe and protected.
Key Legal Considerations for Crypto Casinos
Licensing and Compliance
Although crypto casinos still operate in the grey area, obtaining a gambling license is very important not just for the business, but for the entire industry. People would feel safer, there would be fewer scams and frauds, and online casinos that use crypto open the future of the entire industry.
What’s the Deal With AML and KYC Regulations?
Furthermore, we have AML and KYC regulations, which are crucial for illicit activities such as money laundering. This is the main concern in terms of online casinos that operate with cryptocurrencies, and coming up with a legal solution or a framework can help the industry advance quickly.
Taxation and Reporting
Another important thing in the world of online casinos is taxes on the wins. In the United States, gambling winnings must be reported on specific forms in tax returns.
Now, the strange thing is that cryptocurrencies are still in the grey area, but they still want to tax your crypto winnings. So, all crypto transactions should be reported in order to avoid any legal problems in the future.
Donald Bumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Bumps (DONBUMPS), a new Solana memecoin that was launched recently, is poised to explode over 14,000% in price in the coming days.
This is because DONBUMPS has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Bumps can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Bumps could become the next viral memecoin.
Donald Bumps launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Donald Bumps on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Bumps by entering its contract address – 5yn3E94Ny9yLB67KWdLk4qRKWGr3Hd4e94icAFGGtQ39 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONBUMPS.
Predicting the future is an inherently tricky business, whether you’re trying to forecast political events or the fluctuating prices of cryptocurrencies. Each has its own set of complexities and unpredictable elements that make accurate forecasting a formidable task. Let’s delve into the factors that make political events and cryptocurrency prices such challenging arenas.
Political Events: The Unpredictable Human Element
Forecasting political events involves understanding a multitude of factors, many of which are deeply intertwined with human behaviour. Elections, for example, are influenced by public opinion, which can be volatile and subject to rapid changes. Polling data, while useful, can sometimes be misleading due to sampling errors, respondent biases, and the dynamic nature of political campaigns.
In the UK, political betting is quite popular, and those engaging in it often rely on polling data, historical trends, and expert analysis to make their predictions. Some sites, dedicated to political betting UK and other markets provide the data needed to make informed decisions.
However, unexpected events such as scandals, economic shifts, or major policy announcements can dramatically alter the political landscape overnight.
Furthermore, the influence of social media and fake news adds another layer of unpredictability. Despite sophisticated models and extensive data, the inherently unpredictable nature of voter behaviour means political forecasts are always subject to a significant degree of uncertainty.
Cryptocurrency Prices: The Wild West of Finance
On the other hand, predicting cryptocurrency prices presents a different set of challenges. Unlike traditional financial markets, cryptocurrencies operate in a largly unregulated environment, which can lead to extreme volatility. Prices can be influenced by a myriad of factors, including market sentiment, technological developments, regulatory news, and macroeconomic trends.
For instance, a single tweet from a prominent figure can send prices soaring or plummeting. This was evident when Elon Musk’s tweets about Bitcoin and Dogecoin led to significant price movements.
Additionally, the crypto market operates 24/7, meaning that price fluctuations can happen at any time, often driven by global events and the actions of a diverse set of market participants. The decentralised nature of cryptocurrencies also means that they are less susceptible to the kinds of regulatory interventions that can stabilise traditional financial markets.
Comparative Complexity and Volatility
When comparing the two, it’s clear that both political events and cryptocurrency prices present significant forecasting challenges, albeit for different reasons. Political forecasting is heavily reliant on understanding human behaviour and the social, economic, and political context, while cryptocurrency forecasting must account for technological factors, market sentiment, world events, and regulatory environments.
Despite these differences, both require a keen understanding of the underlying factors and an ability to interpret complex data. For those looking to navigate these waters, it’s crucial to stay informed and adapt to new information rapidly.
While both political events and cryptocurrency prices are challenging to forecast, they require different skills and approaches. Political events hinge on understanding human behaviour and social dynamics, while cryptocurrency prices demand a grasp of market sentiment and technological trends. Regardless of which domain you’re interested in, the key to better forecasting lies in continuous learning and staying abreast of the latest developments in your area of interest.
Degen Black Pepe (DEGBPEPE), a new Solana memecoin that was launched recently, is poised to explode over 14,000% in price in the coming days.
Currently, Degen Black Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Black Pepe could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Degen Black Pepe launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Black Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Black Pepe by entering its contract address – 9qib9FV4Bh45trLWA5rFvg8y4GR2s9N3zSjKwMxV6K9a – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGBPEPE.
London, UK, June 26th, 2024, Chainwire
The integration with Sui includes custody support for L1 and L2, built-in staking support, and DeFi connectivity.
Copper, a leader in digital asset custody, collateral management, and prime services, is excited to announce its latest integration with Sui, a high-performance Layer 1 blockchain and smart contract platform. The strategic partnership will enable robust custody infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui such as Ondo (USDY), marking a significant advancement in connecting institutional finance to on-chain opportunities on the Sui Network.
With Copper on board, the Sui ecosystem now has built additional foundational infrastructure necessary to enable institutional players to leverage Sui’s industry-leading decentralized technology platform, addressing the need for financial institutions seeking efficient treasury services for their tokens.
“This strategic partnership, integrating Copper’s enterprise-grade custody tooling, exemplifies the continued maturation of the Sui ecosystem into a platform capable of supporting the heightened infrastructure needs of Sui’s institutional builders and users,” said Greg Siourounis, Managing Director of the Sui Foundation. “We are truly excited about the number and diversity of new projects and assets this partnership will enable for both the Copper and Sui ecosystems.”
The first phase of support, encompassing SUI and native Sui-tokens is currently complete, making Copper a custodian for these assets. The immediate availability of Copper’s infrastructure on Sui means it is ready to serve the needs of large institutional traders and market makers today. Further features in staking and DeFi are in development and will be integrated soon, significantly expanding the functionality of Copper’s offerings on Sui.
“We’re excited to be a part of the SUI ecosystem with Copper as custodian,” commented Dmitry Tokarev, CEO of Copper. “With staking and DeFi features currently in development, we’re looking forward to the evolution of this partnership.”
Contact
Sui Foundation
media@sui.io
Pepe Loves 69 could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Loves 69 (PEPELO69), a new Solana memecoin that was launched recently, is poised to explode over 12,000% in price in the coming days.
This is because PEPELO69 has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Loves 69 can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves 69 could become the next viral memecoin.
Pepe Loves 69 launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Loves 69 on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves 69 by entering its contract address – WgU8EFDQ8ipo1HhJ4gDxmaFr5SJLTAY1AvQCCNQCkYp – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like PEPELO69.
Mummy Tate (TATEMUM) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Mummy Tate (TATEMUM), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Mummy Tate presents a similar opportunity.
Mummy Tate has reached a $151,000 market cap, and it has immense potential for further gains, with analysts predicting it to reach a $20 million market cap in a matter of days.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Mummy Tate could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Mummy Tate can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Mummy Tate on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Mummy Tate by entering its contract address – 9C89trM5scyxSzj21KXRRHVvjwQeLk8tFE54K1wPGYqF – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATEMUM.
Donald Bumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Bumps (DONBUMPS), a new Solana memecoin that was launched recently, is poised to explode over 14,000% in price in the coming days.
This is because DONBUMPS has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Bumps can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Bumps could become the next viral memecoin.
Donald Bumps launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Donald Bumps on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Bumps by entering its contract address – 5yn3E94Ny9yLB67KWdLk4qRKWGr3Hd4e94icAFGGtQ39 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONBUMPS.
Degen Black Pepe (DEGBPEPE), a new Solana memecoin that was launched recently, is poised to explode over 14,000% in price in the coming days.
Currently, Degen Black Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Black Pepe could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Degen Black Pepe launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Black Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Black Pepe by entering its contract address – 9qib9FV4Bh45trLWA5rFvg8y4GR2s9N3zSjKwMxV6K9a – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGBPEPE.
London, United Kingdom, June 25th, 2024, Chainwire
Minutes Network is pleased to announce a ground-breaking collaboration that is set to bring 1.2 billion users to Minutes Network over the next 24 months.
In a strategic move that leverages Minutes Network`s rapid scaling technology with SEW´s AI-driven customer and workforce experience platforms, the extensive SEW base of over 1.2 billion consumers is now in the reachable userbase of Minutes Network.
Josh Watkins, Minutes Network CEO said “This is a huge moment for Minutes Network and leverages off the success and strength of World Mobile’s existing relationship with SEW. The integration of the Minutes Network SDK into SEW’s ecosystem and marketplace transforms our scale, reach and the revenue potential. We could not wish for a more supportive scaling partner and our internal technical work now has a singular objective to bring the entire user base online. Our first milestone will have 20million users live within the coming months.”
Watkins added, “This is our first scale integration, and it will be the first of many. We now have a growing slate of applications that have agreed to join Minutes Network and as we are ready to onboard them, we will make further announcements. This new collaboration has been secured due to the outstanding existing relationship between SEW and the World Mobile team.”
About SEW
Founded in 2012 and based in Irvine, California SEW is a technology company that provides digital customer experience and workforce engagement solutions for electric, water, and gas providers. SEW operates in 45 countries and has over 1.2 billion integrated mobile application users. With its innovative and industry-leading cloud platforms, currently delivers the best Digital Customer Experiences (CX) and Workforce Experiences (WX), powered by AI, ML, and IoT Analytics to the global energy, water, and gas providers. Expanding the platform into the telecom sector is a natural progression to realize the vision to Engage, Empower, and Educate billions of people to save on their utilities services and prepare for the future.
Contact
CEO
Josh Watkins
Minutes Network Ltd
josh@minutesnetwork.io