What s a Branded Browser 7Bit Casino site

What’s a Branded Browser?

To make a branded browser, a company takes an already existing browser (Mozilla Firefox, Opera, Chromium or Chrome) and makes some insignificant modifications to it. A logo can be changed by them, rename a few menu options or add third-party 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 children with"parent management," cutting out"the most bothersome and awful ads," and so on. Additionally, you can get the official online pages of government, access local government services’ phone numbers and maps.

The Sputnik Browser has a feature for parents called"online scoring." It works through"dnevnik.ru" (dnevnik means journal in Russian), an internet school ratings agency and bitcoincasinoreview.info. Parents can watch how their kids are doing in the school right in workplace or their home by means of this extensionOshi Casino casino browser is for iOS, Android and Windows and won’t work on Linux-based OS. Ultimately, developers promise Synchronization Feature and combined login system.

Porn, Tits and Schoolgirls

“It’s very important for us when typing’schoolgirl’ in the search box to discover girls 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.

Users seemed to test how well the search engine filtered out this pornographic content. Statistics show that main words searched on Sputnik during May 29, 2015 may was"Tits" and"Porn." On the exact same day, Yandex statistics showed"odnoklassniki" and ???vk.com" (popular Russian social networks) phrases as a primary search requests. This means most of users used the Sputnik search engine to search for things that it blocks, which attracts its purpose of censorship into question.

By six times its user count fell since Sputnik’s launch May 22, 2015fortune scam On May 22, it was at about 141.8 thousand users, but by May 27, just 23.6 million searches went through the browser.

Yandex Branded Browser

The Yandex e-mail service is scary to use due to context advertising right in the mailbox and a standard"we will disclose your info to the authorities" license agreement.

Yandex is a Russian version of Google, with surveillance. The feature is enabled in the browser through a so-called"smart speech line," which sends any entered text to Yandex servers for"analyzing."

Yandex is a closed source project, based on a few other open source projects and Chromium open source code. It’s a list of good tools for relaxation browsing, and it could be a tool for work, if you believe you don’t need privacy. For instance, foreign journalists may use this search engine as a compass for Russian"soda" segments of the net.

The agency’s privacy policy contains all the necessary permissions for the company to steal userdata and provide it to authorities"throughout the legal process."  Watch 1.1.2 and 4 paragraphs for more details.

There are plenty of similar products created by webmasters from all over Russia, both for private and government companies, to spy on users and make some profit. When you do not let anyone — just avoid using them and see their products know what do you do on the Web. Government applications is the most dangerous because it records everything.

Business applications makes no difference, because it has no strong encryption and all the personal user information could be intercepted directly by anybody (including the hackers) or by request.

Western IT-companies use cookies for tracking user activity and putting context advertisements. They collaborate by themselves with authorities in rare cases. But the in USA companies at least trying to hide such facts from society. In Russia they just don’t care.

What do you think of Russian branded browsers? Let us know in the comments below!

Images courtesy of AppleApple, Yandex.

Source: bitcoincasinoreview.net

What s a Branded Browser 7Bit Casino site

What Is a Branded Browser?

To make a branded browser, a company takes an already existing browser (Mozilla Firefox, Opera, Chromium or Chrome) and makes some insignificant modifications to it. They rename a couple of menu options can change a logo or add advertising spots or third party extensions, search boxes.

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

The browser provides features like blocking"unnecessary articles," protecting children with"parent management," cutting out"the most annoying and awful ads," and so on. Additionally, you can get local government’s official online pages, access local government services’ phone numbers and local maps.

The Sputnik Browser includes a feature for parents called"online scoring." It functions through"dnevnik.ru" (dnevnik means diary in Russian), an online school ratings agency and bitcoincasinoreview.info. Parents can observe their kids are doing in the school right in workplace or their house by means of this extensionHow does Bitcoincasino.us bonus browser is for Windows, Android and iOS and won’t work on Linux-based OS. In the future, developers promise login system and Synchronization Feature.

Porn, Tits and Schoolgirls

“It is very important for us when typing’schoolgirl’ in the search box to discover 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.

Users appeared to test how well the search engine filtered out this content. Statistics show that main words searched on Sputnik during May 29, 2015 may was"Tits" and"Porn." On exactly the exact same day, Yandex statistics showed"odnoklassniki" and ???vk.com" (popular Russian social networks) words as a primary search requests. This means most of consumers used the Sputnik search engine just to search for items that it blocks, which brings its purpose of censorship into question.

By six times its user count fell since the launch May 22, 2015 of Sputnik1Xbit Casino casino On May 22, it was at about 141.8 thousand users, but by May 27, just 23.6 million searches went through the browser.

Yandex Branded Browser

The Yandex e-mail service is scary to use due to circumstance advertising right in the mailbox and a standard"we will disclose your information to the government" license agreement.

Yandex is a small 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 source code. It has a list of tools for comfort browsing, and if you think you don’t need privacy, it might be a fantastic tool for work. For instance, foreign journalists may use this search engine as a compass for Russian"soda" sections of the net.

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."  See 1.1.2 and 4 paragraphs for additional information.

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

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

Western IT-companies use cookies for tracking user activity and placing context advertisements also. They even collaborate by themselves with authorities in cases. Private companies at least attempting to conceal facts, However, the in USA. In Russia they simply don’t care.

What do you think of Russian branded browsers? Tell us in the comments below!

Pictures courtesy of AppleApple, Yandex.

Source: bitcoincasinoreview.net

Up to 5 Billion Euros Fine Plus Damages Oshi Casino app

UBS Requires Money Laundering Charge Dropped

The tax fraud and money laundering trial in France of its executives and UBS Group AG began last week after seven years 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 limit proceedings to complicity in tax fraud, which carries lighter penalties," Reuters reported Thursday. However, the court refused this request, noting that the bank’s arguments were"devoid of seriousness," the news outlet detailed, elaborating:

Six executives, its French unit and UBS Group AG and executives face charges of money laundering and tax fraud in an investigation into allegations they helped wealthy clients avoid taxes.

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 sum corresponded to what the Swiss bank had already paid as a court bond, according to judicial sources." The information outlet

If found guilty of money laundering, UBS could be fined up to 5 billion euros ($5.8 billion). French criminal law lets judges enforce fines as large as half the amount laundered and in this case prosecutors estimate that around 10.6 billion euros was denied to the French tax authorities and bitcoin lottery casino review.

According to Reuters, the bank could also face damages awarded to the French tax authorities for the lost revenue and the executives risk jail time.

The whistleblower told the book that he hoped for a stiff penalty for Switzerland’s biggest bank, saying that"If they set an example with UBS, most other banks will be fearfuloshi app 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.

Recently, a number of different megabanks have been under fire for alleged money laundering activities. Denmark’s largest bank, Danske Bankengaged in money laundering through its Estonian branch that could complete 200 billion euros. The probe into Danske Bank has implicated Deutsche Bank and Citigroup.  Last month, the largest retail bank, ING Group of Netherland, was fined $900 million for money laundering. News.Bitcoin.com also recently reported that Nordic region’s largest bank, Nordea, was suspected of money laundering.

What do you think about the French court refusing to lose money laundering charge against UBS and its executives? Let us know in the comments section below.

Pictures courtesy of Shutterstock and UBS.

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Source: bitcoincasinoreview.info

Up to 5 Billion Euros Fine Plus Damages Oshi Casino app

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 refused this request, noting that the bank’s arguments were"devoid of seriousness," the information outlet detailed, elaborating:

Six executives, its unit and UBS Group AG and executives face charges of tax fraud and money laundering in an investigation into allegations they helped wealthy clients avoid taxes in France.

Up to 5 Billion Euros Fine Plus Damages

During the analysis, UBS Group turned down the authorities’ settlement deal of 1.1 billion euros, the publication hauled. “The amount corresponded to what the Swiss bank had already paid as a court bond, according to judicial sources." The information outlet

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 up to 10.6 billion euros was denied to the French tax authorities and bitcoin lottery casino review.

According to Reuters, the bank may also face damages awarded to the tax authorities for the revenue and the executives risk jail time.

The whistleblower told the book that he hoped for a stiff penalty for Switzerland’s largest bank, stating that"If they set an example with UBS, most other banks will be scaredignition casino bitcoin cash best dice casino bitcoin 2009, UBS went through a similar trial in the U.S. and paid $780 million in settlement. In 2014, the bank was on trial in Germany and paid 300 million euros in fines.

A variety of megabanks have been under fire. Danske Bank, denmark’s largest bank , allegedly engaged in money laundering. The research into Danske Bank has implicated Citigroup and Deutsche Bank.  Last month, the largest retail bank, ING Group of Netherland, was fined $900 million for money laundering. News.Bitcoin.com also recently reported that Nordic region’s largest 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? Let us know in the comments section below.

Pictures courtesy of Shutterstock and UBS.

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Source: bitcoincasinoreview.info

Turkey s Banking Regulation and Supervision Agency Issued a Statement in 2013 Which Is Seen to Have Confirmed the Legality of Bitcoin bitcoin casino no deposit bonus 2017

Luxury Apartments in Turkey Are Available for Purchase Using Bitcoin in an Attempt to Capitalize Upon a Growing Interest in Cryptocurrency From Turkish Investors

The luxury apartments have been realized 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 electronic currency, highlighting the growing interest in bitcoin being generated among Turkish investors. “We decided to make sales via Bitcoin, which has recently attracted the interest of Turkish investors with its recent value route, considering that we can also attract the interest of our customers who appreciate their investments like this", adding that"digital money has become an element that could no longer be ignored for the global economy. The most remarkable progress in these digital currencies was the fact that BitCoin supplied technical infrastructure stability and consciousness, 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 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 isn’t regarded as digital money according to Turkish laws,"and thus its own surveillance and supervision aren’t possible within the framework 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 techniques, such as bitcoin, ethereum, and ripple, for illegal gambling 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 sole bitcoin market, BTCturk, announced that it would cease operations because of its inability to discover a banking partner — suggesting that despite bitcoin’s legal status within Turkey, national financial institutions are reluctant to associate with cryptocurrency businesses.

The MiaVita Beytepe project unites a range of properties that are up-market that have been listed for sale in exchange for bitcoins in recent months. Throughout last week, a house in Austin, Texas was sold in exchange for bitcoin. A London house was listed with a minimum asking price of 500 bitcoins for sale weekbest online bitcoin casino invest in casino bitcoin 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, with the 40-storey tower flats 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 seen two properties situated in the Canadian city of Coquitlam listed for amounts of bitcoin, despite existing outside of property regulations and Canadian finance.

Would you consider 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 anything and everything Bitcoin. We have a shop . And a forum. And a casino, a pool and real time price figures .

Source: bitcoincasinoreview.net

Turkey s Banking Regulation and Supervision Agency Issued a Statement in 2013 Which Is Seen to Have Confirmed the Legality of Bitcoin bitcoin casino no deposit bonus 2017

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 company Anadolu Akaryak??t ve Ticaret Ltd.. Sti, who has named 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 electronic currency, highlighting the growing interest in bitcoin being generated among Turkish investors. “We decided to make sales via Bitcoin, which has recently attracted the interest of Turkish investors with its latest value path, considering that we could also attract the attention of our customers who appreciate their investments such as this", adding that"digital money has become an element that could 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 prospective investors, stating that"bitcoin is independent of monetary policies that control conventional currencies and acts 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 electronic money according to Turkish legislation,"and consequently its surveillance and oversight aren’t possible within the framework of the law."

Although Turkey hasn’t 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 methods, 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 last year, Turkey’s sole bitcoin market, BTCturk, announced that it would cease operations because of its inability to find a banking partner — indicating that despite bitcoin’s legal status within Turkey, domestic financial institutions are reluctant to partner with cryptocurrency businesses.

The MiaVita Beytepe project joins a number of properties that are up-market that were listed for sale in exchange. Throughout last week, a home in Austin, Texas was sold in exchange for bitcoin. A London home was also listed for sale last weekEthereum Sweepstakes site At the beginning 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, with the 40-storey tower flats set to become the first properties in Dubai’s Science part to be priced and sold in exchange for a cryptocurrency settlement. This season has seen two properties situated in the Canadian city of Coquitlam listed despite outside of property regulations and Canadian fund, for sums of bitcoin.

Would you consider 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 world revolving around anything and everything Bitcoin. We have a shop . Along with a forum. And a casino, a pool and real-time price statistics.

Source: bitcoincasinoreview.info

The Ripple Consensus Ledger Concept create free bitcoin casino

The Ripple Consensus Ledger Concept

As this company has been focusing on the development of blockchain technology most money enthusiasts will know the name Ripple. Or to be more precise, they provide settlement solutions that are global to players — mostly banks — which will help reduce prices.

As they need to provide trades but that is not all this business doesTrusted 1xbitcasino Settling these transactions in real time is made possible due to this Ripple Consensus Ledger, which is the ledger for the XRP asset. Unlike Bitcoin miners, the Ripple network uses individual validators to confirm transactions and bitcoin casino with high payout chance.

Ripple Consensus Ledger

One of those Ripple validators will be conducted by MIT, as their Connection Science research initiative is investigating the options of a global Byzantine consensus database. As MIT is among the world renowned technological institutes this news is a notch in the belt for Ripple. Moreover, more validators on the Ripple Consensus ledger will strengthen the community, and give decentralization for this concept.

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

In this new experiment with Ripple, we’re taking MIT’s experiential research strategy to the blockchain, and we expect this collaboration provides us new opportunities to test and deploy information applications and research.We’re happy that the Ripple team has fostered a substantive dialog with us about the future of fund through the decentralization of electronic currencies and value.

Managing Director David Shrier and professor Pentland will direct MIT’s involvement . 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 whole lot of mutual respect for one another, and Ripple is excited to have MIT on board. Allowing money to move freely through the world — like how information is shared on the Web —  is a significant project, and with such a renowned institute contribute to those efforts can be invaluable to Ripple.

It must be said that MIT won’t have to use up resources to be a validator on the Ripple Consensus Ledger. All of these systems can be compared to running an email server, and are lightweight. Keeping in mind this technology has been embraced by 30 banks around the world, things that are exciting seem to be on the horizon for all parties involvedinvest in casino bitcoin bitcoin casino sign up bonus

What are your ideas 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.info

The Ripple Consensus Ledger Concept create free bitcoin casino

The Ripple Consensus Ledger Concept

Digital money enthusiasts will know the name Ripple, since this company has been focusing on the development of blockchain technology. Or to be more exact, they provide settlement solutions that are global to financial players — mostly banks — which will help reduce costs.

As they want to offer trades in real-time, which can be of value in the global money transfer sector but that is not all this company doesfree spin casino bitcoin bitcoin online casino bonus Settling these transactions is made possible thanks to this Ripple Consensus Ledger, which is the distributed ledger for its XRP advantage. Unlike Bitcoin miners, the Ripple system uses 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 worldwide Byzantine consensus database. As MIT is one of the world’s most renowned institutes, this news is a substantial notch in the belt for Ripple. Moreover, more validators on the Ripple Consensus ledger will strengthen the network, and offer somewhat more decentralization to this concept.

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

In this new experiment with Ripple, we’re taking MIT’s experiential research approach to the blockchain, and we expect this collaboration will provide us new opportunities to test and deploy data programs and research.We’re pleased that the Ripple team has fostered a substantive dialog with us about the future of fund through the decentralization of electronic currencies and value.

Professor Pentland and Managing Director David Shrier will direct MIT’s participation as a Ripple Consensus Ledger validator. 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 whole lot of respect for each other, and Ripple is excited to have MIT on board. Allowing money to move freely across the world — similar to how information is shared on the Internet —  is a substantial project, and with such a renowned institute contribute to those efforts can be invaluable to Ripple.

It must be said that MIT will not need to use resources up to be a validator on the Ripple Consensus Ledger. All of these systems can be compared to running an email server, and are lightweight. Bearing in mind 30 banks around the world have embraced this technology, exciting things seem to be on the horizon for all partiesbitcoin deposit not available bovada casino bitcoin casino no minimum deposit

What are your thoughts on MIT getting a validator on the Ripple Consensus Ledger? Tell us in the comments below!

Source: Business Wire

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

Source: bitcoincasinoreview.net

The Macau Dragon Corp Is Conducting an ICO to Finance the Development of a Casino bitcoin casino instant deposit

The AMCM Informed Local Financial Institutions That They Must Not"Participate in or Provide… Financial Services Related to [Virtual Currencies]"

Macau’s ban on financial institutions providing services to firms operating with bitcoin was triggered by the current cryptocurrency crackdown of China. The Monetary Authority of Macau states that"due to recent happenings of funding activities through issuance of tokens from 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 known as the Macao Special Administrative Region of the People’s Republic of China, is a sovereign territory administered under Chinese sovereigntybitcoin wallet ignition casino bitcoin casino canada review Gambling is legal in Macau, unlike mainland China, making the territory a hub for gaming and casinos. Macau has become the subject of a crackdown on money laundering by Beijing, with Chinese regulators moving to closely monitor capital outflows to the autonomous land — including the introduction of ATMs that scan throughout Macau during cash withdrawals for identity card checks and recognition.

According to Reuters China, the AMCM said 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 agencies to provide financing for the money and digital money and bitcoin live casino no deposit bonus." Macau’s financial regulator also stated that it had sent a"letter to all banks and payment institutions in Macao, should not directly or indirectly take part in or provide any financial services associated with [virtual currencies]."

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

Macau’s ban on financial institutions providing services to virtual money 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 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 anybody has allowed the public to invest in a public junket or become a shareholder of a casino." Despite Dragon Corp casino set to be assembled in Macau, the ICO won’t be subject to the crackdown of Macau due to this crowdsale being issued in Hong Kong.

Dragon Corp’s crowdsale has generated controversy in China, since the 61-year old former-boss of infamous criminal organization Triad Society, Wan Kuok-Koi, was photographed at the signing ceremony for the partnership between Dragon Corp. and Wi Holding.

Do you believe that Dragon Corp.’s ICO will successfully evade Chinese and Macau regulators? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

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Source: bitcoincasinoreview.net

The Macau Dragon Corp Is Conducting an ICO to Finance the Development of a Casino bitcoin casino instant deposit

The AMCM Informed Local Financial Institutions That They Must Not"Participate in or Provide… Financial Services Related to [Virtual Currencies]"

Macau’s ban on financial institutions providing services to companies working with bitcoin was sparked 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 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 known as the People’s Republic of China’s Macao Special Administrative Region, is an autonomous landOshi Casino review In Macau, unlike mainland China, making the land a hub for gaming and casinos gambling is legal. Macau has recently become the subject of a crackdown on money laundering by Beijing, with Chinese authorities moving to monitor capital outflows into 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 light 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 offer financing for the money and digital money and bitcoin live casino no deposit bonus." Macau’s financial regulator also stated that it had sent a"letter to all banks and payment institutions in Macao, shouldn’t directly or indirectly participate in or provide any financial services associated with [virtual currencies]."

The Macau Dragon Corp.. Is Running an ICO to Finance the Development 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., 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 enabled the public to invest in a public junket or become a shareholder of a casino." Due to the crowdsale, the ICO won’t be subject to the crackdown of Macau despite Dragon Corp’s proposed casino set to be assembled in Macau.

Dragon Corp’s crowdsale has generated controversy in China, as the 61-year old former-boss of infamous 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 secure cold storage paper wallet? Check our tools section.

Source: bitcoincasinoreview.net