Reload before the Weekend at mBit Casino; Become a Jedi in bitStarz’s Slot Wars

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The weekend is (FINALLY!) upon us – all that’s left is for our work hours to finish before celebrating the days off. Why not kick it off in style? Head to mBit casino and claim the VIP Friday Reload bonus up to 0.25 BTC to have fun all weekend long!

That’s not all spinners can claim – bitStarz’s Slot Wars tournament will be over by Sunday, so head to the casino and start playing now for a portion of the massive prize pool. There’s no opt-in needed or any complicated rules – just play your favorite games and race to the top of the table.

Kick the Weekend Off Like a VIP

All VIP members at the popular mBit casino get a chance to double their deposits on Friday and start the weekend like a boss. The VIP Friday Reload bonus is a 100% deposit bonus given automatically to anyone who funds their account before the weekend officially starts. Even better news follow – depending on your VIP level, you can claim it once or twice! This means that you can get two 100% deposit bonuses on Friday. If that’s not kicking off the weekend in style, we don’t know what is!

To claim the bonus, you must make a qualifying deposit of at least 0.001 BTC or 10 USDT. Dogecoin (5000), Ethereum (0.01), and Litecoin (0.1) deposits are also accepted. If you were planning to deposit less than that, you’re not going to get the bonus. Also, remember – this one’s for mBit’s VIP players only. If you’re a casual player that has yet to reach the VIP levels, don’t worry – the casino has plenty of other promotions to share.

The maximum amount you can claim with the bonus is 0.25 BTC. In altcoins, that’s 8 ETH, 4 BCH, 16.15 LTC, 100 USDT or 455,000 DOG. Now for the wagering requirements. To claim any winnings made with the bonus, you’ll first need to wager it 35 times for 30 days. That’s definitely doable so plan your wagering accordingly before the casino scraps your bonus away.

You can use the Friday Reload bonus on slots only, which shouldn’t be a problem for most players. The casino has hundreds of exciting slots on offer, so you can have plenty of fun over the weekend.

Blast through the Competition in bitStarz’s Slot Wars

Can’t get enough of slots? With the weekend fast approaching, head to one of the best Bitcoin casinos bitStarz and try your hand against the best spinners in Slot Wars. A slot tournament open to everyone, it features a prize pool of €1,000 and 250 free spins for each player. There are absolutely no strings attached to this tournament. You don’t need to opt-in or read complicated T&Cs. Just fire up your favorite slots and you automatically enter the Slot Wars.

Get to the top of the leaderboard to earn a top prize of €300 – not a bad way to end the weekend, right? The tournament is open for a day more, so hurry up!

 

September 20, 2019: • No Comments

HTC’s Blockchain Phone Adds Bitcoin Support

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HTC, once a top-5 phone maker, hasn’t been doing great recently. The company lost its place on the market due to emerging companies such as Huawei and Xiaomi plus major players such as Samsung and Apple. Still, the former Taiwanese giant is refusing to give up, finding innovative ways to attract new customers.

You’ve probably heard about HTC’s crypto phone which has been in the news recently. The Exodus 1 lineup of blockchain phones will be a full-node on the Bitcoin blockchain. The flagship Exodus 1 phone launched last year, and this month, HTC announced a new cheaper version of the flagship called Exodus1s.

More important, the company has announced that the Exodus phones will come with Bitcoin support and a pre-installed BCH wallet. That’s exciting news for Bitcoin owners and even more exciting for Bitcoin gamblers.

The Most Serious Player on the Smartphone Crypto Market

HTC’s new partnership with Bitcoin.com shows that the company is serious about its crypto intentions. The partnership goes both ways – HTC’s Exodus phones will come with a pre-installed Bitcoin wallet, while Bitcoin.com has added both phones on its website. If you already own the device, don’t worry – the company will push an update that will give you the app.

This isn’t the first blockchain-enabled phone in the world. Swiss company Sirin Labs released the world’s first blockchain phone last year with HTC’s announcement coming shortly after. The phones acts as cold storage for Bitcoin wallets and allow its owners to communicate securely with others. HTC’s phone has another trick up its sleeve – it will double as a full node. The devices will act as a distributed point that validates and relays transactions on the blockchain. And no, that doesn’t mean that it can be used for mining.

The introduction of Bitcoin e-wallets on HTC’s phone is great news for the online gambling industry. Since moving online and then to phones, players can now enjoy a world of games on the go. Bitcoin owners couldn’t deposit with the digital currency before, but thanks to HTC’s and Bitcoin’s new partnership, now they can.

Bitcoin On the Go

This is a great opportunity to see HTC re-enter the smartphone market again. The company sure needs it. While Apple, Huawei, and Samsung have locked up the smartphone market, the blockchain-phone market is almost untapped. Apple is interested in cryptocurrencies just like Samsung, but they’re yet to announce a blockchain phone. This is HTC’s chance to enter that specific market and if its lucky and sales go wild, it can re-establish itself as one of the major players.

Apart from allowing Bitcoin owners to store the cryptocurrency and use it on the go, it presents a great chance for gamblers. Since the app comes pre-installed on the phone and it is blockchain-enabled, you don’t need to install fishy third-phone apps. Just use HTC’s official app and you should have no trouble. At least we hope so.

Mobile Bitcoin gambling is becoming more and more popular, and with Bitcoin support being added to new casinos, the world seriously needs a blockchain-phone. Now that we have it, let’s use it to its full potential.

 

September 18, 2019: • No Comments

Get Loads of Bitcoins at mBit Casino or Win Vegas Casino’s Table Wars for a €500 Shared Pool Prize

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Are you ready for Autumn? One of the premier Bitcoin casinos on the market, mBit, is celebrating the arrival of Autumn in style in September. From cryptocurrency and FIAT bonuses to reloads and cashbacks, the Autumn Harvest at mBit casino this year is pretty loaded!

Every day of September, log into the casino to see what’s on offer. You can earn VIP sticky bonuses, hundreds of free spins, cash or crypto reloads. Luck is always only a click away at mBit casino, so make sure not to miss the promos.

If you want to try your hand at a card game tournament, Vegascasino.io has all the details.

Fallen Prizes on the Ground

Who’s excited about Autumn and the fallen leaves on the ground? That crunching sound is so pleasant, and you’ll feel the the same way when you see mBit’s Autumn Harvest. Prizes will fall on the ground in the casino during September just like leaves falling from trees when Autumn comes.

The new promotions will run during the whole month, offering unique prizes every day. Just visit the September map and click on today’s glowing icon – it’ll bring up the “daily menu” right away. You can earn tons of free spins, crypto and FIAT bonuses and whatnot so you can kick off Autumn’s arrival in style. Wondering how many free spins you can get? There are a total of 300,000 hiding on the map, so what are you waiting for? Go and get those prizes before they get away!

mBit’s promo is for loyal players only. In order to qualify for the prizes, you need to have at least 3 deposits in the Bitcoin casino. To enter the promotion, you need to visit the Promo tab and Opt-In to each daily promotion. The Autumn Harvest September Map is a limited special promotion that can’t be combined with other mBit promotions.

All the bonuses have different wagering requirements. Cashbacks come at 5x and have an expiry date of a week; you must turn reload bonuses over 40 times in a month, while all the free spins you’ve won as a result of this promotion should be wagered 40 times in just a week. You better get to work fast if you want to claim your winnings!

Win the Table Wars at Vegas Casino

If you’re in for a change of scenery and you’re good at poker, blackjack, roulette or any other casino game, Vegas Casino is the place to be. Every Monday, you can compete with the best players in the Table Wars and get your share of the €500 prize pool.

Now, that might not sound like much, but the tournament runs every week from Monday to Sunday. The top 10 players on the leader board share the prize, with €250 in the bag for the winner. That’s a solid sum to boost your bank account and play in the casino’s excellent game library.

September 13, 2019: • No Comments

Apple Reveals Interest in Bitcoin and Cryptocurrencies

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More than a month ago, tech-giant Apple dealt a blow to cryptocurrencies after announcing that it’s unique Apple card is off-limits for Bitcoin and gambling. A day before it’s big iPhone 11 launch event, though, Apple has revealed a shocking interest in Bitcoin and cryptocurrency. It’s the latest tech-giant in line to side with crypto assets after Samsung and Facebook.

This is great news for cryptocurrency owners who like to gamble. If this interest becomes a reality, maybe Apple will change its stance on Bitcoin and “open up” its card to gambling, giving many iPhone fans another way to buy coins in online casinos.

The Shock Reveal Follows Samsung’s Interest in Cryptocurrency

Samsung, the Korean tech-giant and biggest rival to Apple, recently announced its plans to build a Blockchain Keystore into the popular Galaxy Note10 models. It is Samsung’s first foray into the world of cryptocurrency and allows its users to store their crypto wallets on their devices.

Not to be outdone by its rival, Apple announced its interest in cryptocurrency just a few days ago. According to CNN, Apple’s exec (and head of Apple Pay) Jennifer Bailey recently revealed that Bitcoin and cryptocurrencies are “interesting” for the Cupertino-based company. It sparked quite the debate in the crypto community, with many wondering if this means that Apple will now allow its Apple Card users to exchange cryptocurrencies. No word on that, but Apple’s interesting comments definitely leave a lot to the imagination.

Apple has taken a very cautious approach to finance in the past and especially on Bitcoin. Jennifer Bailey’s comments are pretty close to the views of Jack Dorsey, Twitter’s CEO, and Mark Zuckerberg, the popular Facebook CEO. Both have expressed interest in cryptocurrencies, with Zuckerberg announcing Facebook’s Libra as a potential Bitcoin alternative.

No Altcoins Support on iPhone 11

Of course, Apple’s interest in cryptocurrencies doesn’t mean you should expect altcoins support on their fresh new iPhone 11. This is a long-term interest and we’re yet to see if Apple implements Bitcoin or other altcoins on its revolutionary Apple card.

A bank-less credit card, the Apple Card offers speed and convenience over other payment methods and can be used at any retail store. It’s the perfect “vessel” for cryptocurrencies, although Apple shot down any rumors of the supposed link between the two when it announced the card last month.

With Apple Pay becoming increasingly more popular, the same is expected of the Apple Card as well. However, we have yet to see if it will be accepted by Bitcoin casinos in the future. Right now, the card has rejected that possibility, but with Apple’s recent comments on cryptocurrencies, who knows?

Right now, Apple is expected to push its Apple Pay and Apple Card without crypto assets. If, however, Bitcoin rises big once again and stays stable, it will become the golden standard in the world of digital currencies. This will surely lead to a new wave of support from major brands who won’t be able to ignore it any longer.

September 11, 2019: • No Comments

Kick-Off the Mid-Autumn Celebrations in Style with Bitcasino’s Play’N Go Promo

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Summer is nearly gone, but no need to get depressed. The golden colors of autumn are almost here and with it, they bring a wave of cool online casino promotions. Bitcasino has decided to join in on the fun with a mid-autumn festival that promises big prizes.

You can be one of the lucky winners and snatch away a part of the massive €12,000 prize pool. All you need to do is simply spin one of Play’N Go’s fun games and win one of the 100 prizes up for grabs.

The Rich Colors of Autumn

From September 3 to September 11, all fans of Play’N Go slots at the best Bitcoin casino Bitcasino get a shot at a great €12,000 prize pool with more than 110 prizes up for grabs. The promotion lasts for 9 days and will reward the top players with the biggest number of game rounds scored. The best part about it is that desktop and mobile versions of the slots count towards the promotion, which means that you can enjoy the exciting slots on the go and still be eligible for the top prize.

The minimum qualifying bet per round for the tournament is €0.65. To enter the promotion, you first need to opt-in. You can easily do that by visiting the promo’s page at Bitcasino and clicking on the blue Opt-In button below it.

Once  you do, the fun starts! Available to all Bitcasino members, the tournament has 100 prizes in store for those with most rounds scored. Here’s the prize chart:

  • 1st place – €2,163
  • 2nd place – €1,394
  • 3rd place – €1,138
  • 4th place – €754
  • 5th place – €498
  • 6th to 10th place – €241
  • 11th to 25th place – €113
  • 26th to 50th place – 75
  • 51th to 100th place – €11

As you can see, even if you don’t top the leaderboard, you can still win a nice sum of money. Bitcasino’s generous Mooncake tournament ends in 5 days, so make sure to enter it on time.

Yggdrasil Weekends go Berzerk!

Bitcasino’s promotions don’t stop there. Weekend warriors get a shot at winning their part of a stunning €100K prize pool by playing Yggdrasil Gaming’s amazing Vikings slots.

The first weekend prize drop of €20,000 runs from 12th to 15th September, where the top player can win €3,000.

The promo continues during the first weekend of October (3rd to 6th) when the Vikings return for revenge with an even bigger prize pool of €30,000. If you’re the best player on Vikings Go To Hell, Vikings Go Berzerk or Vikings Go Wild, you can win €4,000. Not bad, right?

The biggest prize of them all is available during the final edition of the tournament. Running during Halloween (30 October-3 November), the final prize pool is set at €50,000 with €10,000 reserved for the winner.

What are you waiting for? Visit Bitcasino right now and claim all those astonishing prizes!

 

 

September 6, 2019: • No Comments

The Dutch Central Bank Takes a Tough Stance on Bitcoin

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Starting from January 10, 2020, the Dutch Central Bank will require all providers of services to the Netherlands to self-register at the bank. The bank backed up the controversial decision citing new European anti-money laundering laws. All crypto firms that offer their services to Dutch players must now be registered with the DNB, even those based outside of the Netherlands. The law doesn’t specifically talk about Bitcoin casinos, but since it applies to firms offering services via the web, it doesn’t spell good news for Bitcoin gambling in the Netherlands.

The European Country is Not That Fond of Cryptocurrencies

This isn’t the first time the Netherlands has tried to restrict cryptocurrencies. Back at the beginning of the year, the Dutch government talked about plans for a crypto licensing scheme that is supposed to prevent terrorism financing and money laundering. At that time, the nation’s central bank suggested that fiat-to-crypto exchanges must be licensed as Bitcoin and other cryptocurrencies possess high financial crime risks.

After pushing for such a law, it is now finally coming into the spotlight in a bit different form. The new law goes live on January 10 and requires all persons or firms that convert crypto to fiat currencies to register with the De Nederlandsche Bank. This includes firms outside the Netherlands that serve Dutch people. And, yes, that includes services provided via the Internet, so you can see what this means for Bitcoin gambling in general.

A DNB representative said that it is irrelevant where the company is based. If it wants to stay on the market and do business, it must self-register with the bank. This goes against the whole nature of cryptocurrencies and Bitcoin gambling in general. The blockchain is an anonymous ledger and that was one of the biggest advantages of Bitcoin gambling. However, with the new European money-laundering laws and the Netherlands toughening its stance on cryptocurrencies, the Bitcoin gambling market is about to get a serious hit.

The Dutch Government is Aggressive on Online and Bitcoin Gambling

The Dutch government was never that fond of online gambling. In recent years, it tried to ban all forms of online gambling when it realized it can’t police the Internet on its own. A long list of blacklisted sites was created, and Dutch banks were ordered not to do business with online casinos. Of course, such a thing didn’t happen.

In 2015, the Netherlands updated its laws on online gambling, passing a proposal that hit all casinos with a tax levy of 29% flat to the protests of many operators. It was another nail in the coffin for online gambling in the Netherlands whose strict stance on gambling doesn’t seem to let up.

New online gambling licenses in the European country won’t be approved until 2020. The Remote Gambling Act isn’t expected to go live until January 2021 at the very least, spelling bad news for thousands of eager players. However, experts are hoping that pressure from the EU can loosen the stance a bit. We’re hoping that the government relaxes about cryptocurrencies as well.

September 4, 2019: • No Comments

Grab Your Ticket for the Burning Free Spins Festival over at BitStarz

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Bitcoin casinos are winning players over with their generous rewarding bonuses and promos, and BitStarz is definitely among the leading brands to date. As one of the top Bitcoin casinos on our review page, as well as others out there, BitStarz is definitely aiming for the big stars. From last week’s Bitcoin Giveaway, to this weekend’s exclusive festival of games, free spins and rewards, there is plenty for BitStarz players to look forward to in the coming days.

It’s Not Summer without a Weekend Festival

That’s right, summer is the time of year reserved especially for weekend festivals, and the guys at BitStarz know this quite well. This weekend exclusively, the player pool at this Bitcoin casino will get the chance to benefit greatly on each of their benefits.

The festival lasts from August 30 to September 1, so Friday through to Sunday, with a range of three different prizes available for every player eligible to enroll and take part in the festivities. The prizes are free spins, and they are awarded respectively per player once a day, depending on the amount of their qualifying deposit:

  • Win 30 free spins by depositing €30 or more;
  • Win 70 free spins by depositing €60 or more;
  • Win 150 free spins by depositing €100 or more.

Each of these prizes is available once per day for every player, considering the player has already registered for an account with BitStarz beforehand. Additionally, players will only be able to enjoy the festival compliments if they have made a minimum of four deposits before enrolling for the Burning Free Spins prizes.

Other than this, there are no further specific restrictions or requirements, so it is going to be pretty easy for eligible players to get the hang around the festival bonfire smoothly. Just make sure you are okay with the wagering requirements – for this promotional offer, BitStarz casino sets a 40x playthrough on the bonuses, as well as any winnings from the free spins.

If you were worried for a second there, bear for a little while more, since there is one last thing you need to know about the Burning Free Spins Festival. The free spins prizes players will get are specifically dedicated for Hot Nudge slot, a most entertaining, immersive and rewarding title from No Limit City’s game portfolio.

Win More with Hot Nudge

Just because you have already won the maximum 450 free spins at the Burning Free Spins Festival doesn’t mean that’s all there is to it. In fact, they are only a nudge to get players going in the right direction – towards Nolimit City’s hot slot title!

This slot machine game is an example of the provider’s creativity, inventiveness and ingenuity when incorporating existing reels elements in the most entertaining way possible. And with the expanding and nudging symbols, hot wilds and scatters, payouts just keep coming in for Hot Nudge players. All you have to do to get in on the fun is head straight for BitStarz and enjoy the weekend making money instead of spending them!

August 30, 2019: • No Comments

Kleiman vs. Wright Lawsuit to Make Bitcoin History; Will Increased Public Interest in Bitcoin Affect US Casinos & Businesses?

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Bitcoin is taking over financial news in the US as the Kleiman vs. Wright lawsuit has received an official ruling by Magistrate Judge Bruce E. Reinhart. And with public figures such as the current US president and a leading presidential candidate for the upcoming 2020 elections making public statements on the matter of the cryptocurrency and its underlying technology, the fate of many top Bitcoin casinos and businesses in the US is just as tried and put to the test.

Court Rules in Favor of Kleiman

The court document published on Tuesday decided in favor of Ira Kleiman, the brother of late David Kleiman, a years-long partner of Craig Wright. The latter one has recently been known to the public as a self-declared Satoshi Nakamoto, the mythical creator of Bitcoin, a claim that has been central to the court proceedings.

Kleiman filed a suit against his brother’s business partner in order to obtain the rightful share of the Tulip Trust business capital – Bitcoin intellectual property and mined coins. While solid proof of the claim has been dutifully provided, the main argument that brought the ruling in favor of Kleiman was Wright’s decision to perjure himself. When asked to provide evidence – Bitcoin wallet private keys – to his claim as the one and only Satoshi Nakamoto, the defendant argued that a complex encryption mechanism and his partner’s death were causing the delay. However, as this phase of the process draws to a close, Wright has said he may produce the keys that prove his claim by the start of 2020.

To carry out the Magistrate’s ruling, Wright will have to forfeit 50% of all intellectual property and Bitcoin mined prior the partnership, as well as any traceable assets. This means providing the Kleiman party with 500,000 BTC, worth about $5 billion at the time of writing, along with approximately 200,000 BTC worth of legal fees.

The move of this much Bitcoin alone is bound to cause turmoil on the market, while the claim to the Satoshi identity is all the more significant. Upon proving his alleged claim, Wright intends to use his authority over the technology in order to control its abuse by criminals, which is bound to cause a stir-up in the otherwise essentially decentralized peer-to-peer platform.

US Public Figures’ Rising Interest in Bitcoin

The judicial process isn’t the only one drawing the public’s attention to the cryptocurrency. In fact, the current US president Donald Trump did so a couple of weeks ago on his official Twitter account, referring to it as ‘thin air’. Another statement condemning the cryptocurrency has been made by US Treasury Secretary Steven Mnuchin, who went as far as to categorize it as a national security issue.

Nevertheless, not all is black for Bitcoin in the US nowadays, as many others see great potential in the cryptocurrency and its technology. Daryl Morey, the general manager of the Houston Rockets basketball team came forward on his latest purchase. An NBA team, the Dallas Mavericks, has also made a move, introducing Bitcoin as a means for purchasing match tickets and merchandise.

And with the US president elections coming up next year, candidate Andrew Yang promoting the blockchain as a new voting platform, there is bound to be more support coming its way.

The Future of Bitcoin

US crypto casinos such as Vegas Casino, as well as multiple businesses such as startups relying on the Bitcoin cryptocurrency will need to weather out the storm. All things considered, this is expected to bring in more long-term gains than losses, making it a worthwhile fight.

August 28, 2019: • No Comments

Massive $10,000 Bitcoin Giveaway Now Accepting Entries at BitStarz

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With the news just coming to the Bitcoin gambling public a few days ago, on August 20 more precisely, BitStarz has opened yet another promo to keep its players happy.  As they themselves admit it, after building up a reputation among the top Bitcoin casinos with generous promotions, it was only expected to keep up the good work.

Now available is a completely new giveaway for all registered players, with a prize pool amassing to a total $10,000 in Bitcoin!

Nothing Beats Free BTC

BitStarz is sure of this statement, and so are the players who have already benefited from the range of offers and giveaways held there before this time.

Speaking of the present one, it is great to inform players that they have 25 more days left at the time of writing. Still, bear in mind that the number of entries is already near the 10k point, and with the last promo reaching just south of 22,000, competition is going to be tough for this one.

And expectedly so, considering that the total prize pool for this BitStarz giveaway is $10,000 in BTC. According to the specifics of the giveaway promo, 50 lucky players who have made their entry to the draw will receive $200 in Bitcoin each. As usual, the more entries there are of you, the better your chances are of making your wish-upon-a-star come true.

Players will get multiple entry possibilities, each accompanied with a different task or challenge. Worry not, as these are more fun than they are daunting – in fact, they mainly require players to spread some love about their favourite Bitcoin casino BitStarz, a preferred game, a funny story or a lucky coincidence that happened to them in relation to the site. Practically anything from a simply smiley face to a tweet saying “Dream Big, Win Bigger” could qualify you for as much as $200 (and probably a couple extra followers).

Now, knowing that some players are more sceptical than others when it comes to giveaways and winner selection, the BitStarz team have set up this promo through the Gleam platform. Using a proven random selection tool, anyone who has entered for the giveaway using their BitStarz username and completed the said tasks qualifies for the win.

Win Even More Before the Giveaway Draw

As mentioned, players will need to sign up for the giveaway in order to receive their task and ultimately, entry for the prize pool. For this purpose, anyone who hasn’t registered at BitStarz yet, but would like to benefit from such a generous offer is given the possibility to do so straight from the Gleam platform. This is as intuitive as it gets, since players can go through the regular registration page at the casino site, or use an existing email account or social media profiles at Facebook, Instagram or Twitter.

This isn’t all – registration for a new player account at BitStarz is just as beneficial as any of their promos. New players get 20 free spins straight up, and a chance to an additional €500/5BTC + 180 free spins over the first four deposits. More specifically, players are rewarded a particular deposit match bonus on their 1st, 2nd, 3rd and 4th deposit to the newly created player account, with the possibility to amass quite the bankroll even before the end of the draw.

And if you are having some doubts about the luck in your stars, Fruit’O Mania is another promo to prove you wrong. Check out BitStarz and enjoy all they have in store for their player pool!

August 23, 2019: • No Comments

Nevada Deals a Blow to Bitcoin Casinos through Money Transmitter Regulations; US Gamblers as Happy as Ever

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Since their failure to pass the cryptocurrency law just a few months back, Nevada authorities have been more anxious than ever to gain control of these businesses. The land known for one of the world’s greatest gambling oases, Las Vegas, has been experiencing difficulties thanks to the rising number of crypto operators. In an attempt to deter their success, Nevada deals the first blow to no other than Bitcoin kiosks and ATMs.

Nevada Vs. Bitcoin ATMs – How It Went Down?

Nevada has been trying to pass the cryptocurrency law they have in store for quite some time now. Their latest failed attempt was just a few months ago, by the end of the legislative session held in May.

Thus, authorities have been looking for a way to deter the growing Bitcoin gambling and transactions industry.  They have been hurting the state’s economy for quite some time, with no other than revenue taxes on their list of charges. Since Nevada figured there is no stopping the constantly incoming Bitcoin casino train, they were going to shake casino providers from another aspect.

As BitAML’s Senior Advisor Annelise Strader informed the public, Nevada’s change of interpretation as to what qualifies as a money transmitter changed abruptly. Now including Bitcoin kiosks and ATMs, this regulation aims to profit from license fees and surety bonds required for proper operations.

State regulator Julie Hanivold of the Nevada Division of Financial Institution informed the public about it, claiming that they will wait for the cryptocurrency bill to pass before taking any actions. In what is presented as an act of good will, the entirety of the new regulations is available from the official website for businesses to read and comply with beforehand.

Nevertheless, even with the bill still seemingly far from turning into law, Nevada’s team of regulators have already set up the new provisions. In the basis of it all is the new interpretation of Bitcoin kiosks and ATMs as money transmitters, and thus requiring a state license like any other ATM. In this line of thought, operators will be charged $5,000 for a license per location, as well as an upfront surety bond of $10,000. According to legislators working on the case, this will be maxed out at $250,000. As for the need for such bond, they put forward plans for an emergency fund as an explanation, protecting players against business failures and the likes.

Compliance with the new regulations is at a standstill. Nonetheless, it is evident it will have an effect on consultancy firms such as BitAML, as well as on operators who will fail to adopt the new regulations on good will terms.

US Bitcoin Gambling Stronger than Ever

With so many attempts to sabotage the freedom US players finally got through Bitcoin and crypto, stopping them and their operators is harder than ever. The gambling industry is growing and developing at a steady pace, with new and exciting gambling content added to the top US crypto casinos such as Vegas Casino or Bovada.

The latest gambling offering includes flagship titles from reputable software providers, and live casinos to match the action of the land-based casino floors, making them feel all the more endangered.

August 21, 2019: • No Comments