Philippine Regulator to Keep Open Mind Regarding Cryptocurrencies 1Xbit Casino scam

Philippine SEC to Partner With Overseas Counterparts

The Philippines’ SEC, Emilio Aquino’s commissioner, has indicated that the regulator is currently developing regulations designed to regulate transactions that were cryptocurrency.

Commissioner Aquino indicated that The Philippines’ SEC is participating with U.S. and Australian counterparts to develop the regulations. The commissioner has highlighted the protection of investors being the primary mandate of the SEC, stating"We want to produce our own set of regulations. You have to be really cautious how investors in this new space are safeguarded."

Even though the commissioner conceded that the legislation is now in the"drafting stage," he expressed his expectation that the regulatory framework will be developed"over the year and bitcoincasinoreview.info."

ICOs Must Register With Philippine SEC

The Philippines’ SEC will permit businesses to conduct ICOs, provided that they comply with the operator’s disclosure and registration requirementsgambling bitcoin casino reviews net bitcoin casino review Aquino stated"The mindset of the commission has always been to foster innovation, but they need to register," adding"Regrettably, there have been a good deal of cases where ICO promoters vanish into thin air. We don’t want that to happen here […] We will need to act because initial coin offerings are sprouting."

The announcement comes after a cease-and-desist sequence filed against four companies for violating securities laws connected. Mr. Aquino suggested that the SEC may opt to lift the order against Krops.

Philippine Regulator to Keep"Open Mind" Regarding Cryptocurrencies

Commissioner Aquino stated that The Philippines has sought to keep"an open mind" regarding cryptocurrencies and distributed ledger technology (DLT), alluding to the potential decrease in fees that virtual currency adoption could provide the roughly 10 million Philippine employees living abroad who are estimated to remit nearly $25 billion USD home annually.

This past year, The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), developed legislation regulating the operation of digital currency exchanges. Two applicants have obtained approval up to now, together with the director and head of the BSP information technology specialist group suggesting in December 2017 that the central bank was reviewing 12 applications from prospective currency exchanges.

What do you make of the Philippine SEC’s statements regarding its forthcoming cryptocurrency regulations? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, Wikipedia

Have to compute your bitcoin holdings? Check our tools section.

Source: bitcoincasinoreview.info

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Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has shown the number of mining rigs which are on the list to be imported during the first 3 weeks of January.

Nguyen Thanh Tuyen, the deputy director of the customs department, told the HMC Law Department on January 24 that between 23 and January 1, a total of 7,932 mining rigs are waiting to be customs-cleared, Tuoi Tre reported.  He added that the total value of these rigs is"almost $12.3 million…[and] the amount of tax paid to the [city’s] funding is nearly 28 billion dong [~$1.23 million]."  Tianphong elaborated:

Currently, the purchase price of mining rigs that are bitcoin is high, from 70 to 80 million [VND]; a few places [sell them for] around 100 million [VND] per machine.

The publication noted that many mining rigs are imported from China, including that they cost roughly 20-25 million dong each but were sold dong each in 2016.  By mid-2017,"the amount of mining rigs increased to VND 45-60 million per machine and at present, although the purchase price of bitcoin diminished, the price of mining rigs still increased to VND 80-90 million per machine," the publication added.

News and bitcoin gaming and casino games.Bitcoin. Com recently reported that a total of 7,005 mining rigs that were known were imported in 2017. The majority of them, 5,527 rigs, were imported between November and December 21.  Only 1,478 rigs were declared entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.

No Regulations Yet

Tuyen explained that mining rig imports and mining operations in the city are"still normal because there are no regulations for the import of such goods," Tianphong quoted him. Currently,"the State Bank has confirmed that bitcoin and other similar virtual currencies are not legal means of payment in Vietnam" and residents using them as such"will be fined 150-200 million [VND], and can be subject to criminal prosecution from January 1, 2018," the publication emphasized.

Nguyen Hoang Minh, deputy director of the HMC branch of the State Bank, was quoted saying:

Currency in general, and bitcoin and litecoin particularly, aren’t currencies and are not legal means of payment under the Vietnamese law.

What do you think of this Vietnamese mining industry growing so quickly?  Let us know in the comments section below.

Images courtesy of Shutterstock.

Need to compute your bitcoin holdings? Check our tools section.

Source: bitcoincasinoreview.info

Philippine Regulator to Keep Open Mind Regarding Cryptocurrencies 1Xbit Casino scam

Philippine SEC to Partner With Overseas Counterparts

The commissioner of The Philippines’ SEC, Emilio Aquino, has indicated that the regulator is developing regulations designed to govern transactions that were cryptocurrency.

Commissioner Aquino indicated the Philippines’ SEC is participating with U.S. and Australian counterparts to develop the regulations. The commissioner has highlighted the protection of investors being the principal mandate of the SEC, saying"We want to produce our own set of regulations. You have to be extra cautious how investors in this new area are protected."

Although the commissioner conceded that the legislation is currently in the"drafting stage," he voiced his expectation that the regulatory framework will be developed"over the year and bitcoincasinoreview.info."

ICOs Must Register With Philippine SEC

The Philippines’ SEC will permit companies to run ICOs, provided that they comply with the regulator’s disclosure and registration requirementsbest bitcoin casino usa reviews bitcoin casino us bonus code signup Aquino said"The mindset of the commission has always been to foster innovation, but they should enroll," adding"Regrettably, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here […] We will need to act because first coin offerings are sprouting."

The announcement comes several weeks after a cease-and-desist order filed against four companies for violating securities laws, associated. Mr. Aquino suggested that the SEC may opt to lift the order against Krops.

Philippine Regulator to Keep"Open Mind" Regarding Cryptocurrencies

Commissioner Aquino stated the Philippines has sought to keep"an open mind" regarding cryptocurrencies and distributed ledger technology (DLT), alluding to the possible decrease in fees that virtual currency adoption could provide the approximately 10 million Philippine workers living abroad who are estimated to remit nearly $25 billion USD home annually.

This past year, The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), developed legislation regulating the operation of virtual currency exchanges. Approval has been received by two applicants so far, with the director and head of the BSP information technology specialist group indicating that the central bank then reviewed 12 applications from potential currency exchanges.

What do you make of the Philippine SEC’s statements regarding its forthcoming cryptocurrency regulations? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, Wikipedia

Have to calculate your bitcoin holdings? Check our tools section.

Source: bitcoincasinoreview.info

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Best Dogecoin Casinos & Gambling Sites | Greatest Bitcoin Casinos 2019

Greatest Dogecoin Casinos & Gambling Sites | Best Bitcoin Casinos 2019

 

In a world where technology is continually changing at a mind boggling speed, cryptocurrencies are becoming increasingly more popular. The ease and speed at which cryptocurrency trades could be made safely is currently changing how folks think about cash. Bitcoin and later Ethereum altered the landscape of economics and finance using their revolutionary take on electronic money. After in their achievement, a number of different efforts at cryptocurrency happen to be forged, such as a favorite currency called Dogecoin.

Initially launched as a joke based on the popular internet meme between a Shiba Inu, Dogecoin has now become among the most famous cryptocurrencies. Perhaps the notoriety of this meme contributed to Dogecoin's speedy success. In comparison to other cryptocurrencies, Dogecoin is relatively similar concerning popularity, but in most cases it is less mature than its more established competitors. The lone actuality which Dogecoin was originally thought to be a joke and has still been able to be a big, working cryptocurrency is really a testament to the upwards trend of this cryptocurrency industry generally. In the following report, we'll try to clarify Dogecoin's capabilities, especially in connection with online gambling.

Length of Cryptocurrency

Cryptocurrencies have become increasingly popular in recent years for several reasons. First, cryptocurrencies are run on decentralized digital networks. This implies that they cannot be interfered with by authorities, large banks, financial institutions or some other centralized organization, therefore they don't carry high fees and charges that can be related to using such associations.

These huge centralized institutions basically serve as middlemen who require a percentage of every transaction for using their services. Since cryptocurrencies conduct business peer to peer reviewed and on an anonymous degree, users will not suffer the effects of using these middlemen.

Another significant reason for popularity is that the pseudonymous (and sometimes, entirely anonymous) character that's involved with cryptocurrencies. Transactions can be made between users without entering any private info. Consequently, business is conducted on a much more secure level. Basically, cryptocurrencies have made it a lot easier for individuals to have more control and security over their money.

Every one of the aspects we only went over apply to Dogecoin, also when taking them in to account, it's not difficult to understand how it's become such a prosperous cryptocurrency. Something which makes Dogecoin stand out among its fellow cryptocurrencies, however, is that it was made to reach a broader market, thus in turn raising the prevalence of cryptocurrencies general.

Gambling and Dogecoin

Though Dogecoin (like all other cryptocurrencies) is still a comparatively new technology, it has already become one of the most famous cryptocurrencies available on the industry. In addition to that, Dogecoin has something special going to this when compared to other, even larger digital currencies such as Litecoin, Bitcoin and Ethereum; it had been made particularly for micro transactions. With a moving supply nicely over 100,000,000,000 DOGE, every coin could only be worth a lot of. During its summit, Dogecoin attained an all-time high of $0.017. As a result of this, gamblers may deposit as much as $5 or not at an online casino and be in a position to gamble within seconds.

There is already a sizeable amount of gambling sites that accept DOGE for example payment. People people who are avid online gamblers don't need to be worried about investing their Dogecoin for another kind of money since there are now a massive group of casinos and games which will happily let folks wager using their DOGE.

A few of the games which Dogecoin users can now play are dice, poker, blackjack, slots, blackjack, lotteries, and even sports betting. Users can play less expected games like Minesweeper with their DOGE. At present, the leading bitcoin online casinos that take Dogecoins are BitcoinPenguin, Crypto-Games, and FortuneJack.

These major casinos along with the great number of games available to consumers of Dogecoins represent the growing clientele that Dogecoins has become connected with. As time goes on along with the cryptocurrency continues to grow, it can be anticipated that more casinos and games will be made accessible for consumers. Considering that Dogecoin initially started off as joke, so it's very impressive to find that they are widely accepting one of online gambling sites.

On account of the nature of cryptocurrencies, users have the ability to get their'virtual wallet' from nearly anywhere in the world. This facet permits users to make amazingly rapid withdrawals when cashing out from their chosen gambling website. Consumers of Dogecoins will anticipate that money outs will occur almost instantly on a consistent basis, allowing consumers to have more control over their cash. Cryptocurrencies have become the easiest and quickest form of money to play online gaming together with, in part due to the quick crypto workouts. Coupled with this will be the security and anonymity involved with using cryptocurrencies, creating a secure atmosphere for internet gamblers to perform with in.

Conclusion on Gambling Online using Dogecoin

Dogecoin has come to be a close competitor to what were viewed as the giants of this cryptocurrency landscape. Maybe some of this popularity is a result of their strategy of using a popular online meme because the namesake and mascot of this money. However, Dogecoin's popularity can be due much in part to its commitment to provide its customers with a safe and anonymous cryptucurrency that always works.

For people who avidly gamble online with cryptocurrencies, it would be prudent to attempt Dogecoin because it will probably enhance their game. In general, Dogecoin should be valued for how popular and admired it has become considering its hard conditions beginning. Their rise tells a great story of how hard work, a dedication towards the line support, and a bit of humorous fortune can come together to earn a great consumer experience. Dogecoin has become powerful enough to stand up to giants of the sector for example Bitcoin and Litecoin, and it definitely seems that they aren't backing down anytime soon.

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use dotcoin gambling present price is $0.00544 with a marketcap of $0. Miners are rewarded with 500 DOT,coins for every block and the Dotcoin Network generates one block every 2 minutes, producing 360,000 new coins every day. So, what you are doing is pushing up the cost for, the businesses that are looking to REALLY BADLY list their money on an exchange, so their very own Market Cap can raise 10x. Therefore, what you are doing is forcing up the price for the businesses looking to REALLY BADLY as well dotcoin casinos as put their money on a market, so their own Market Cap can increase 10x. They do have CryptopiaFeeShare (CEFS), which shares in the proceeds of this market.  It pays out after a month.  It's,current cost is $7,400 each.  There are just 6,300 accessible. go https://blockchaincasinos.online/ The news item on Cryptopia claims that they will swap them till July 2018, but now they are probably swamped with tens of thousands of people daily asking support what the gap between bitcoin and litecoin is, whether coins can be delivered by post etc etc..

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Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has revealed the amount of mining rigs which are on the list to be imported during the first three weeks of January.

Nguyen Thanh Tuyen, the customs department’s deputy director, told the HMC Law Department on January 24 that between 23 and January 1, a total of 7,932 mining rigs are waiting to be customs-cleared, Tuoi Tre reported.  He added that the total value of the rigs is"almost $12.3 million…[and] the amount of tax paid to the [city’s] budget is nearly 28 billion dong [~$1.23 million]."  Tianphong elaborated:

Currently, the purchase price of bitcoin mining rigs is rather high, from 70 to 80 million [VND]; some places even [sell them for] up to 100 million [VND] each machine.

The publication noted that most mining rigs are imported from China, including although they cost roughly 20-25 million dong each but were sold for 35-40 million dong each in 2016.  By mid-2017,"the price of mining rigs increased to VND 45-60 million per machine and at present, even though the price of bitcoin diminished, the price of mining rigs still increased to VND 80-90 million per machine," the publication added.

News and bitcoin gaming and casino games.Bitcoin. Com reported that a total of 7,005 mining rigs that were known were imported in 2017. The majority of them, 5,527 rigs, were imported between November and December 21.  Only 1,478 rigs were announced entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.

No Regulations Yet

Tuyen explained that mining rig imports and mining operations in the city are"still normal because there are no regulations for the import of such products," Tianphong quoted him. Currently,"the State Bank has verified that bitcoin and other similar virtual currencies are not legal means of payment in Vietnam" and residents using them as such"will be fined 150-200 million [VND], and may be subject to criminal prosecution from January 1, 2018," the novel emphasized.

Nguyen Hoang Minh, deputy manager of the State Bank’s HMC branch, was quoted saying:

Currency generally, and are not way under the law that is Vietnamese and bitcoin and litecoin particularly, aren’t currencies.

What do you think about the Vietnamese mining industry growing so fast?  Let us know in the comments section below.

Images courtesy of Shutterstock.

Need to compute your bitcoin holdings? Check our tools section.

Source: bitcoincasinoreview.net

New ICOs Expected in Q3 Trueflip casino

Five ICO Projects Expected to be Approved

The Thai Securities and Exchange Commission (SEC) is expected to approve five initial coin offering (ICO) projects once the law to regulate cryptocurrencies and ICOs goes into effect, according to the Bangkok Post. The Commission approved the applicable regulations earlier this week and expects them to become law by the end of the month, as news.Bitcoin.com previously reported.

Mr. Thawatchai Kiatkwankul, the Commission’s director of finance in the equity department, was quoted by the news outlet while the SEC has not revealed which ICO projects will be approved:

Out of 50 ICO projects hoping to raise funds from the Thai capital market, five are ready as first pilot projects and bitcoin real casino terminal.

The announcement follows ZMN tokens by Zmine Holdings: Jfin Coin J Ventures Limited, by Jay Mart Plc’s subsidiary, and two launched ICOs in Thailand.

New ICOs Expected in Q3

Before the legislation takes effect, the regulator has put the brakes on all ICOs. However,"Previously-leveraged businesses are still able to make transactions as ordinary since the law doesn’t apply retroactively," Krungthep Turakij explainedGet up to 1 Bitcoin Free on Bitcoin Lottery bonus code id="attachment_174530″ class="wp-caption alignright">Mrs. Tipsuda Thavaramara.

Mrs. Tipsuda Thavaramara, Deputy Secretary-General of the Thai SEC accountable for Policy and Corporate Finance Groups, said this week that an ICO issuer must first get approval from the ICO portal it needs to be recorded on, Prachachat Turakij described. ICO portals will behave like financial advisors to the issuers, making sure that all know-your-customer (KYC) rules are followed. After obtaining the approval of the ICO portal, the SEC will take about two months before approving it to review the ICO.

Must satisfy several criteria. For starters, they have to have registered capital of at least 5 million baht (~US$156,625).

Retail investors can only invest up to 300,000 baht (~$9,343) per ICO job or no more than 70% of the total value of provided tokens, as news.Bitcoin.com previously reported. The limits do not exist for institutional and ultra-high-net-worth investors.

Thai SEC’s Future Strategies for ICOs

Mr. Thawatchai Kiatkwankul added that in the future the Commission"is preparing to expand and combine its unit for enrollment of ICOs with initial public offerings (IPOs)," the Bangkok Post conveyed. Citing that ICO jobs have growth potential, he further noted that the SEC will work with ICO portals to screen potential scams.

The book elaborated, with reference to the manager:

Regulations and rules related to asset investment and transactions could be eased, given that market participants are educated on digital asset investment and competition is on a level with asset markets.

What do you think of Thailand’s policies on ICOs? Let us know in the comments section below.

Images courtesy of Shutterstock and Thai SEC.

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Source: bitcoincasinoreview.info

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