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Baidu bans ads for bitcoin

China’s largest search engine Baidu has removed advertising for bitcoin and all other forms of digital currency from its online service. Domestic media reported on Friday that Baidu “has stopped all virtual coin related keyword advertising (paid search), including bitcoin.” The fact that the country’s most popular search engine froze cryptocurrency ads was also confirmed […]

Philippines targets overseas punters

The Philippines will issue new online gambling licenses for companies that target overseas customers. The new government, under President Rodrigo Duterte has confirmed it will not renew licences of electronic bingo operators and gaming technology provider Philweb Corp which operates around 300 e-games outlets in the country. However, it is expected to offset the loss […]

FCA considers approving blockchain companies

The Financial Conduct Authority (FCA) is discussing approving a “small but significant number of firms” using the blockchain technology within the fintech industry in the United Kingdom. UK’s financial watchdog is monitoring projects as part of organization’s “Project Innovate” program. According to the Financial Times, FCA confirmed there is a number of groups in the […]

Californian poker bill will not be presented for a vote

California lawmakers will not be voting on online poker bill, AB 2863, in the State’s Assembly on Monday 22nd August. The bill was thought to be the best chance of legalised online gambling in California and was called the Internet Poker Consumer Protection Act. Assemblyman Adam Gray, who was the one to introduce the bill, […]

UK allows virtual currency for online gambling

The United Kingdom Gambling Commission (UKGC) has announced it will allow licensed online-gambling companies to begin accepting virtual currencies as a payment medium as of October 31, 2106. Virtual currencies, by definition, include Bitcoin and other digital offerings. The change in conditions was added via an update to the UKGC’s Licence Conditions and Codes of […]

Russia to purge banks and payment processors of unlicensed online gambling

Russia’s communications watchdog Roskomnadzor has ordered banking and payment processors to purge unauthorized online gambling operators from their client lists. According to Russian news agency, the Izvestia, Roskomnadzor sent letters to Russia’s largest bank, Sberbank, as well as payment processors including Skrill and Yandex instructing them to remove gambling operators from their customer-base in compliance […]

Elliptic and LexisNexis to bring bank-grade AML to Bitcoin

Blockchain intelligence firm Elliptic has partnered with London-based startup LexisNexis Risk Solutions to bring bank-grade risk management to Bitcoin. Two companies teamed up not only to avoid nefarious uses of the digital currency but also to make virtual currency more attractive to those who might want to use it for legitimate transactions. LexisNexis Risk Solutions […]

Interview with the MGA’s Executive Chairman

He is the man that effectively sets the agenda for the gaming industry in Malta. He heads the entity entrusted with proposing and enforcing legislation. And – on his word alone – Malta’s future as an online gaming centre of excellence could be set in stone … or not. Regulation for Innovation” was the punch […]

SBTech awarded Class 4 Licence in Malta

A world leading sports betting solutions provider SBTech announced Monday that it has secured a full Class 4 Remote Gaming Licence from the Malta Gaming Authority (MGA). The licence is a latest addition to SBTech’s growing portfolio of European permits. A world leading sports betting solutions provider SBTech announced Monday that it has secured a […]

The International Olympic Committee takes measures to assure integrity

With just a few days left until the 2016 Rio Olympics, the International Olympic Committee (IOC) and London-based firm, Genius Sports, announced a partnership in order to monitor any possible manipulation of the competitions related to sports betting and to protect the integrity of Olympic events which will start on August 5. With just a […]