Custom VIP Reloads at mBit; Play Classics at Bitcasino to Win €500

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We all love Fridays. If you ask us, it’s the best day of the week considering the fact that weekend starts as soon as you’re done with work. Fridays are a huge deal for everyone including the folks over at mBit casino. Every Friday, they offer special VIP reloads that can give you up to 2.5 BTC when you deposit before the weekend. It’s a great way to kick-off your weekend in style.

This week’s promotion article also covers a fantastic promotion at Bitcasino.io. The premier Bitcoin casino has a new promo that allows you to collect as much as €500 when you play classics by Gamomat.

Reload Your Bankroll Just Before the Weekend

If you’re a VIP at mBit casino, you can get your hands on some pretty great exclusives. One of them is the top up bonus every Friday, giving you up to 2.5 BTC in reloads when you make deposits. Claiming it is simple – just top up your account every Friday and you can earn up to 2×100% bonuses whose size depends on your VIP level.

You can get:

  • 20% bonus – Planet Earth
  • 25% bonus – Planet Litecoin
  • 30% bonus – Planet Ethereum
  • 40% bonus – Planet Doge
  • 50% bonus – Planet Bitcoin Cash
  • 2×50% bonus – Planet Dash
  • 2×75% bonus – Planet Bitcoin
  • 2×100% bonus – Moon

As you can see, only those that have landed on the Moon (VIP level) can claim the largest bonus. However, mBit casino has shown some love to all VIP customers. Even a 20% bonus isn’t a bad way to start the weekend. It’s a nice boost you should definitely get a hold of.

To claim the bonus, you will need to make a deposit (or deposits) every Friday between 00:00 and 23:59 (UTC). The minimum qualifying deposit is 0.001 BTC or currency equivalent. With it, you’ll start your weekend in style with at least 0.25 BTC on top of your funds and enjoy the reloads on any slot you want to.

You’ll play more and eventually win more with that big of a bonus.

Play Classics – Win €500

Elsewhere, Bitcasino.io is holding a new Gamomat promotion tied to the classics. Spinning the studio’s classics if you opt-in makes you eligible to enter the fun promotion with a prize pool of €900 and 8,000 free spins. The promotion is available on three of Gamomat’s top classics – Ramses Book, Fancy Fruits, and Sevens and Books. Opt-in to the promotion, spin these classics, and you might win yourself a cool €500 if you top the charts.

The first-placed player will win €500, with the second and third prizes hitting €250 and €150 respectively. There are also 8,000 free games to divide between the top players. Ten of them will get 250 free rounds each, twenty five will get 100, and sixty players will get 50 free rounds. Not a bad consolation prize.

Gamomat is one of the industry’s top classic slot producers, so you’ll have fun with these slots and hopefully top the charts for a cool reward.

February 26, 2021: • No Comments

Current Indian Laws Are Inadequate to Deal with the Crypto Boom

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India’s relation to Bitcoin has been a peculiar affair so far. The government has announced a ban on cryptos including Bitcoin for a while now, but has not taken swift action so far. The ban is expected soon to the dismay of many including cryptocurrency exchanges that operate within the boundaries of current laws.

A few days ago, the Indian government admitted that existing laws are inadequate to deal with cryptocurrency. That’s why it’s rushing to introduce new legislation in order to track the instrument many trade with. Bitcoin’s recent price jump has made many governments rush to introduce new legislation in order to protect investors. Many see this as a reach for bigger control since no government likes the decentralized state of cryptocurrencies.

In India, the government does not consider crypto legal tender or currency, often associating it with illegitimate activities. The crypto boom in India has brought recognition to many new industries including crypto online gambling that are generating a massive amount of income, yet the government chooses to stay blind to it.

Solving the Indian Crypto Puzzle

India has had a complicated relationship with Bitcoin so far. The government doesn’t consider cryptos legal tender or currency, but so far has failed to introduce any legislation. It has been in the pipeline for quite a while, leaving investors and exchanges in the dust. Bitcoin’s latest price rise has saw it shooting over $50K to the delight of long-time investors and fans. However, everyone in India is scratching their head over what comes next. The state of Bitcoin in the Asian country is in true limbo. There’s no legislation yet, but it may come soon, so it’s kind of hard to invest in BTC at the moment.

Earlier this week, the government announced plans to solve the Indian crypto puzzle by updating the laws. An inter-ministerial group has apparently asked for a ban on Bitcoin and private cryptos except for the virtual currencies released by the state. It’s a major setback for cryptocurrency investors. The committee also asked for a new virtual currency that should be introduced as legal tender and will be regulated by the Reserve Bank of India.

Of course, this defeats the purpose of decentralized currencies and has disappointed crypto supporters. It’s obvious that the country is in shambles over the new legislation, so the times ahead for Indian Bitcoin investors may truly be dark.

A Slight Ray of Hope?

Rumors have it that there’s a small group in the government who believes this is not the way to move forward. The group has been working proactively on the proposed ban, arguing that cryptocurrency exchanges have brought a kind of “self-regulating” norms in the field of cryptos. Everyone agrees that money laundering is a major concern with Bitcoin and cryptos, but is a ban and a new centralized virtual currency the way to jump into the future?

Bitcoin is already being accepted in more and more countries and it’s time for India to jump on the bandwagon.

February 24, 2021: • No Comments

February Love Vibes at Bitcasino.io; Triple Da Vinci Masterpiece at bitStarz

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Even with Valentine’s Day over, Bitcasino.io is spreading the love this February. Up until February 21, players have the chance to earn up to 3 special hearts every day and earn a bigger reward in free spins or chips without any wagering requirements. Just head to the main page and click on the heart that pops up – that’s your ticket to the world of love.

Elsewhere, bitStarz casino welcomes you to create a Renaissance masterpiece with the new Triple Double Da Vinci Diamonds Slot. Use master brush strokes to paint your canvas gold and earn as much as €184,960 in this work of art.

The Keys to Your Heart

Yearning for love and positively dreamy awards in the month of love? Bitcasino.io has everything you need to elevate the endearment. From February 12 to February 21, the casino will hand out lovely rewards to all players who wager 15 mBTC or more on any of their favorite games. The goal is to collect those big red hearts. As soon as you have 3, you will get an even bigger heart that will turn into a reward in the form of free spins or chips.

You can get up to 3 hearts per day and earn plenty of rewards. With over 2 days still to go, the tournament is in full steam and already pushing out rewards to all players that took part in it. To get your late Valentine’s Day rewards, all you need to do is click on the hearts that pop up on the main page. Opt-in to the promotion and play either Evolution or OneTouch games to start earning free chips and spins.

All rewards on OneTouch games will be paid in μBTC, while those on Evolution games will be paid in mBTC. The best part of it all? The games come with no wagering requirements at all. Earn your 3 (or more) hearts today and in the next few days and enjoy your free rewards. You deserve the love and attention.

Paint a Masterpiece with Triple Double Da Vinci Diamonds Slot

The Da Vinci Diamonds slot is one of those popular games that never go out of style in the industry, A new variant of it has just been released. Called Triple Double Da Vinci Diamonds, it has nothing to do with the statistical feet in basketball. However, it has a triple double of symbols and rewards. Using split and triple symbols, the slot is the most high-paying in the series, giving players a chance to earn up to €184,960 in cash.

The slot masterpiece by High 5 Games has just been added to bitStarz’s library. Available for free and real money, it’s an excellent slot that will definitely keep your attention. Triple Double Da Vinci Diamonds is very easy to play and quite the looker too. Add the tumbling reels, multipliers, and free spins to the mix, and it’s a painting that would even make Leonardo Da Vinci proud.

February 19, 2021: • No Comments

Bitcoin’s Legendary Run Attracting Interest on Wall Street

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It’s no secret that 2021 has been pretty kind of Bitcoin so far. The world’s leading cryptocurrency resurrected in late 2020, going on a bull’s run that saw it reach new heights. This isn’t like the time when the bubble burst in 2017. This time, Bitcoin is more mature and easier to accept.

From the burst of Bitcoin online casinos to governments approving its use, the climate for Bitcoin’s growth has been developing for quite some time. The price is going up well over 50K, and this time, it’s attracting the interest of the biggest fish in the pond. We’re talking about Wall Street, where Bitcoin has recently found a bunch of supporters.

Morgan Stanley Betting on Bitcoin?

A Morgan Stanley unit has recently expressed its interest on whether to bet on Bitcoin. Rumor has it that the team was surprised and impressed by Elon Musk’s announcement that his company Tesla just invested $1.5 billion in Bitcoin. Canada has approved the first North American Bitcoin exchange-traded fund, so the soil is ripe for planting Bitcoin seeds right now.

More and more companies and investors are lining up before Bitcoin. It’s become an obsession of many, with even Mastercard allowing its cardholders to transact in certain cryptocurrencies. The world is slowly realizing the potential Bitcoin offers, and it’s for the best.

Don’t believe the hype? Just take a look at what Bitcoin casinos have achieved. The leading cryptocurrency has revolutionized the gaming market, enabling blazing-fast and anonymous transactions. It’s becoming quite an attractive alternative payment method for players, and that will translate to more widespread use in other industries soon.

The fact that luminaries such as Elon Musk and Wall Street figures are interested in it speaks volumes. Just recently, BNY Mellon has announced the formation of a new team that is supposed to develop an administration platform for both traditional and digital assets. All of these things together are the reason why Bitcoin has been on such a roll lately. It has just broken past the $50,000 mark, and experts are adamant that it won’t be stopping there.

More Corporate Endorsement is Key

Many experts believe that Bitcoin’s meteoric rise will continue with bigger corporate endorsement. The cryptocurrency will probably see wild swings over the weekends, although the debate whether it’s a viable and legit asset will continue for some time. Many have bashed Bitcoin for its role in scams and money laundering. The volatility is another problem too. However, seeing the support it has received early this year, it seems that it’s walking the path of legit assets.

As more and more companies and celebrities join the fray, Bitcoin’s flag will continue to fly high. As it reaches its apex, financial institutions will have no other option than to acknowledge it. The new era is coming fast and its high time all of us accept it. Wall Street investors are looking into the possibility, and when they are interested, the whole world should be.

February 17, 2021: • No Comments

Mega Race of Love at mBit; Yggdrasil Tournament at Cloudbet

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With Valentine’s Day just around the corner, you can join the Mega Races of love at mBit casino and win yourself an amorous prize. The popular casino is hosting daily races from 11-15 February with massive prize pools that include different rewards such as free spins, comp points, and more.

Elsewhere, fans of Yggdrasil Gaming’s slots can enjoy a cool tournament over at Cloudbet. The premier Bitcoin casino is hosting a tourney on selected Yggdrasil slots until February 15 with a prize pool worth €80,000. Top the leaderboard to win a big chunk off it in this exciting tournament with no minimum bet required.

A Weekend of Love and Prizes

The loveliest month of the year is celebrated by us all. Valentine’s Day is one of the year’s best holidays where we celebrate the cosmic power of love. If you ask us, love should be celebrated every 365 days per year – maybe the world would be a much better place that way. To celebrate Valentine’s Day, mBit casino is hosting daily mega races with different rewards.

Starting with February 11, mBit players can earn rewards in the form of comp points or free spins. Every day it’s a new program of rewards:

  • February 11: 1,000 free spins
  • February 12: 1,000 comp points
  • February 13: 1,000 free spins
  • February 14: 1,000 free spins and 1,000 comp points
  • February 15: 1,000 comp points

Players will definitely have the hots for all these rewards. While they might not look like much on paper, these lovely mega prizes will make your stay in the casino even more enjoyable. To participate, you’ll need to opt-in to the Mega Races of Love and spin any slot available in the casino’s library. That’s it – no special requirements at all. Fund your account and spin your way to lovely prizes in the days leading up to the loveliest holiday of the year.

Yggdrasil Rewards Galore at Cloudbet

From February 1 to February 15, Cloudbet is hosting an Yggdrasil slots tournament with a massive prize pool worth €80,000. The popular BTC casino allows all players to participate, with no minimum bet required for the slots. It is available on nine slots among which are some of the greatest Yggdrasil slots ever produced.

  • Holmes and the Stolen Stones
  • Valley of the Gods
  • Valley of the Gods 2
  • Frost Queen Jackpots
  • Hades
  • Vikings Go Berzerk
  • Syncronite
  • Multifly!
  • Pirates 2: Mutiny

Play any of the slots in the set timeframe and you’ll join the tournament and play for the top rewards. It goes without saying that whoever tops the leaderboard will win the largest chunk of the €80,000 prize pool. At the same time, any bet on the aforementioned slot games can also trigger a random mystery prize from the prize pool, making this tournament more and more interesting.

If you love Yggdrasil’s slots, it makes no sense to miss it. With only a few days left to go, start spinning the slots right now and enjoy the top rewards.

February 12, 2021: • No Comments

Elon Musk Is Fueling The Crypto Boom

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In case you haven’t seen the news, Bitcoin is once again on a roll. The price jumped over $40,000 once again after a few weeks of relatively no new developments. This time, however, the price jump was influenced by an outside factor. It was all Elon Musk’s ‘fault’, after the famous investor and the man behind Tesla announced that the company has bought $1.5 billion worth of BTC. Musk also said that Tesla will start accepting crypto payments shortly, setting off a frenzy in the crypto community.

This comes just days after he started a campaign that caused a significant price jump for Dogecoin. The value of cryptocurrencies rose by $1 trillion in the past month, and Musk had a big role in it.

The Support That Matters

Everyone knows that public support plays a big role in Bitcoin’s price jumps. Whenever celebrities tweet or shout out cryptocurrencies officially, the price goes up. However, no one could have expected such a significant price jump as the latest one fueled by the Tesla magnate. Musk is known for officially supporting cryptocurrencies, but has never added them to the list of his company’s payments.

A few days ago, Elon Musk tweeted a reply to one of his rockets going up that simply said Doge. This sent the market in a frenzy, with Dogecoin’s price going up over 1,000%. In the following days, Musk tweeted more support for Dogecoin, with rapper Snoop Dog joining with a meme of his own. Doge rose sharply in price to the delight of many owners, but that’s not where Musk stopped.

In the next days, Musk tweeted his support for Dogecoin and cryptos in general. Just a few days ago, he officially announced that Tesla has bought $1.5 billion worth of Bitcoin and that the company will start accepting crypto payments. Imagine buying a Tesla Model S with nothing but Bitcoins? His support has added fuel to the crypto fire, and the crypto industry is loving it.

More Price Jumps?

Experts are adamant that such tweets and official support from celebrities can get Bitcoin over $50,000 and possibly up to $100,000. Bitcoin has been on a roll lately. From more Bitcoin online casinos to governments putting their faith in it, the cryptocurrency has overcome all expectations. It really is incredible to see it jump so high after the lows it hit in late 2019/early 2020.

With traditional currencies failing to hold their ground, cryptocurrencies may be the next generation of money. Sure, the price is not that stable right now, but things are expected to improve. A single tweet managed to cause price jumps people still can’t believe which could be an essential ‘weapon’ in Bitcoin’s arsenal.

If you’ve ever wanted to invest in something like stocks, cryptos are the obvious choice at the moment. They’ve become easier to buy than ever and some, like Bitcoin, are worth more than gold. It’s time to embrace the future. Elon Musk certainly did, so why not follow?

February 10, 2021: • No Comments

Book of Starz Adventure at bitStarz; New Maradona Slot at mBit

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Ready for a new adventure involving the highly popular Book of… slots? bitStarz casino’s Book of Starz adventure will reward all those Indiana Joneses and Lara Croft-wannabees by letting them explore ancient tombs across 40 levels.

The level up adventure has an individual prize pool of €50,000, with €10,000 promised to the winner. Blast your way through the competition and you can be the first one to it.

Elsewhere, mBit casino has just added a new game to its library. It’s a slot dedicated to the late, great football legend Diego Armando Maradona who passed away in November 2020. If you’re a footie fan and you respect what Maradona has done for the world of football, you should definitely try this one.

Book of Starz Level Up

The brand-new action-packed adventure is one of a kind. Available to all bitStarz players, it will last until March 12, 2021. Every player can opt-in to the promotion and enter. Only real money bets participate in it, with bonus money bets forfeited. All slot games contribute 100% to the promotion, while table games contribute 5%. You can earn cash prizes by topping the charts, with the top one being €10,000.

The tournament has a prize pool of €50,000, so players will have pretty great chances to win solid rewards. Keep in mind that each prize has a 10x wagering requirement you must complete on time.

Contrary to what the name says, the adventure is not reserved for Book of… slots as well. However, it is a mysterious adventure through ancient Egyptian dungeons, with each successive level and milestone increasing in difficulty. Get to the top, and you could win the ultimate prize equal to an ancient buried Egyptian treasure.

A Tribute to Diego Maradona

Elsewhere, another popular casino, mBit, has just added an interesting new slot to its arsenal. It’s a new GameArt release dedicated to the football God Diego Armando Maradona. The Argentine legend passed away in late 2020, inspiring many developers to dedicate a game to him. GameArt was among the fastest to do so, creating a unique slot machine that celebrates the legend of Maradona.

It’s a luxurious 5×3 slot that features Maradona’s riches and the likeness of the great football player. Called Diego el Pibe de Oro, it ensures that the legend of Maradona will never be forgotten.

The slot has El Diego as the scatter that upgrades symbols on the reels. Three or more will trigger the free spins round. In terms of symbols, you’ll see golden watches, diamond rings, and other luxury items the legendary player loved to wear. The slot has 15 fixed paylines and a top reward worth 1,000x your bet.

GameArt’s new slot was made in collaboration with AppLoveSoft. It’s a great homage to a football legend that may not pay millions, but it’s a great release for footie fans. If you were fan of the Argentine legend growing up (and who wasn’t?), you’ll love what it has to offer.

February 5, 2021: • No Comments

Bitcoin Walks the Way of Money

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If you haven’t heard the news, Bitcoin and cryptocurrencies are the new darling of investors. Since early 2020, Bitcoin’s price has skyrocketed and led to a bunch of investors putting their money in it. New industries have emerged such as Bitcoin gambling, and the world’s hesitant Bitcoin stance has shifted from illegal to promising.

The lack of government currencies in the wake of a viral pandemic have crushed interest rates. Printing money is a temporary and ineffective solution that can have unforeseen consequences. People are not interested in buying gold, so they’re turning their attention to Bitcoin. While Bitcoin is certainly not money, it’s well on its way to become something akin to fiat currencies.

Not Money Yet

According to experts, Bitcoin is the new gold. It is poised to eventually replace the dollar and seeing how high the prices has jumped, experts might have a point. However, whatever anyone considers it to be, it certainly isn’t money. Yet.

Money works only when it has stable value. That’s what governments are hoping to do in both the short and long run – keeping their fiat currencies stable. Bitcoin’s price is highly, if not extremely volatile. While many stores are turning to accept Bitcoin and cryptos, they will remain banned or illegal in most parts of the world for a while.

You see, we use money to buy products and services because the prices are stable. That’s because currencies are stable. If the dollar jumped as much as Bitcoin’s price does, you’ll be eating bread only one day and a pair of steaks another. Plus, there’s a nearly infinite supply of money and a finite supply of Bitcoins. In order for the economy to grow, the supply of money should be able to expand.

And, while cryptocurrencies are unlike money, Bitcoin (and others) may be well on their way to become fiat currencies. In order for this to happen, a lot of things should change. However, the current coronavirus pandemic has made many governments rethink their position on cryptos, putting them in a position to become a genuine alternative at some point in the future.

An Emerging Market

As the Federal Reserve prints money out of thin air, commercially usable cryptos will emerge. Bitcoin has worked well for many economically challenged governments so far such as Argentina. It especially exploded in 2020 and its expansion will continue well into 2021 and beyond.

As more and more governments and investors back Bitcoin, it will surely grow. There’s a supply limit, of course, but once it becomes legal in more countries around the world, experts believe its price will stabilize. It may end up being a viable alternative to the US Dollar and possibly worth more than gold. Traditional stocks are changing, with Bitcoin being a much better short-term investment than gold. Of course, the latter is much stabler, but that may be subject to change soon.

Bitcoin is walking the way of regular money and it will surely make tectonic financial shifts in the future, possibly sooner than later.

February 3, 2021: • No Comments

Evolution Free Chips and a Quickspin Festival at Bitcasino.io

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Bitcasino.io has been known to keep all of its customers happy. The popular Bitcoin casino has great offers in two for all of its players and surprising new packages every week and month. This time, the casino has ousted two different promos – the Evolution Free Chips promotions and the Quickspin Festival tournament.

Both offer rewards that will give your bankroll a pretty solid boost. You’ll earn free chips with the Evolution promotion and a portion of a massive €20,000 prize pool with the Quickspin tournament. It goes without saying that you should opt-in for both if you’re a serious player looking to snag a few extra bucks in.

Evolution Free Chips

Want to add some free firepower to your game? You can do it with ease in Bitcasino.io thanks to the brand-new Evolution Free Chips promo. All you need to do is wager at least 50 mBTC on any Evolution game. this will give you instant free chips to the value of 1 mBTC. You can use them on the following Evolution hits:

  • Evolution Roulette
  • Evolution Blackjack
  • Evolution Baccarat
  • Crazy Time

Before you start earning rewards, go to the Rewards Page and choose the game you want to be rewarded in. Next, place a wager of at least 50 mBTC on any of it and your free chips will be credited to your account automatically. The promotion runs every Friday to Sunday and only works for mBTC wagers.

Anyone who has ever tried Evolution’s free games knows how crazy fun they can be. The company is the absolute best one in the business, developing top live dealer games with professional real dealers. These tables are the real deal when it comes to live dealer games, so with Bitcasino’s new promo, you’ll be playing the top games and earning cool rewards. It doesn’t get any better than that.

Quickspin Festival

If you’re more of an online slots fan, Bitcasino.io has another special promo. The Quickspin Festival has been running for some time and is in the final stages. Hit the highest single win multiplier on eligible Quickspin games on February 2nd and 3rd and you’ll have the chance to claim a prize from the €20,000 pool.

To take part in the promotion, you’ll need to opt-in and play the selected Quickspin games. The minimum qualifying bet for this promo is €0.4. The selected games include:

  • Sakura Fortune
  • Loco the Monkey
  • Tiger’s Glory
  • Big Bad Wolf
  • Golden Glyph
  • Ghost Glyph
  • Crystal Prince
  • Eastern Emeralds
  • Nero’s Fortune
  • Titan Thunder Wrath of Hades
  • Hammer of Vulcan
  • Wild Cauldron

The more you bet on these slots, the higher your chances of topping the leaderboard. This will help you climb up higher fast – top the charts and you’ll win a cool €3,500. The 2nd and 3rd spots earn €2,500 and €1,700 respectively, making this slot promotion very profitable for Quickspin fans.

Remember – you’ll need to spin the aforementioned online slots on February 2 and 3. Crack fingers and get ready for the action – we hope you top the charts with ease.

January 29, 2021: • No Comments

South Africa Finance Regulator Seeks More Power to Prosecute BTC Perpetrators

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The Financial Sector Conduct Authority in South Africa is asking for more power in prosecuting Bitcoin perpetrators. An emerging market for crypto casinos and other crypto-fueled industries, South Africans love using Bitcoin. That may all be going down the drain if the watchdog gets the power it needs to take down Bitcoin, Litecoin, and Ethereum operations.

The regulator is seeking for more power after an alleged Ponzi scheme involving Bitcoin led to the collapse of a Bitcoin trader. The watchdog’s head Brandon Topham is asking for help and claims that the moment something turns into a Ponzi scheme, the watchdog’s hands are already tied. If the government hands more power to the regulator, all types of crypto businesses could be in trouble, including Bitcoin gambling.

The Fall of MTI

Mirror Trading International, a Bitcoin trader that was taken down by a Ponzi scheme, announced that it has around 23,000 BTC back in November 2020. That’s close to $740 million. The company was put in provisional liquidation last month leaving clients without their money. In a December 22 email memo, the company’s management said that they were misled by CFO Johann Steynberg who has fled to Brazil.

An investigation was launched immediately with the FSCA handing details of the probe to a high-ranking police unit. Temporary overseers are now working hard to trace MTI’s investors in order to recover the firm’s assets. Some early investors have lost millions of rands, and it’s hard to tell if they could ever be recovered.

So far, the regulator has only discovered that MTI operated without a license. The ongoing investigation hasn’t found any details of MTI being a Ponzi scheme, but rumors are calling it that. In 2020, the company set out to learn what the requirements are for a trading license. After seeing that it would take too much, CFO Steynberg moved the firm to crypto-trading as it didn’t require a license at all. Live trades were presented to the MSTA and every request from the FSCA was met with swift response from MTI.

Not a year later, Mirror Trading International fall apart and thousands of people are left without their money.

In Line with Bitcoin’s Price Increase

MIT’s fall comes in line with Bitcoin’s price increase. While that may be a simple coincidence, some experts have claimed that the price jump was fueled by crypto scams in many countries. That can’t be confirmed and Bitcoin is still flying high, so those accusations may be completely wrong.

On the other hand, FSCA’s request for more power to prevent further situations similar to this one couldn’t come at a worse time. The South African Bitcoin gambling market is on the rise as are several other industries. Young Africans are investing in Bitcoin, and MTI’s fall isn’t supposed to make things easy for them.

One thing’s for sure – companies such as MTI and people like Steynberg are holding the crypto industry back. Maybe giving the FSCA the power it needs for crackdowns isn’t such a bad thing, if everything is kept by the book.

January 27, 2021: • No Comments