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

Philippine SEC to Partner With Overseas Counterparts

The Philippines’ SEC, Emilio Aquino’s commissioner, has indicated that regulations designed to govern transactions that were cryptocurrency are being currently developed by the regulator.

Commissioner Aquino indicated that The Philippines’ SEC is participating with U.S. and Australian counterparts to develop the regulations. The commissioner has highlighted the protection of investors being the principal mandate of the SEC, stating”we would like to produce our own set of regulations. You’ve got to be extra cautious how investors in this new area are protected.”

Even though the commissioner conceded that the legislation is currently in the”drafting stage,” he voiced his expectation that the regulatory framework will be developed”within the year and bitcoincasinoreview.info.”

ICOs Must Register With Philippine SEC

The Philippines’ SEC will permit businesses to run ICOs, provided that they comply with the operator’s disclosure and registration requirementsfree spins bitcoin casino usa bitcoin casino usa no deposit Aquino stated”The mindset of the commission has always been to foster innovation, but they need to enroll,” adding”Regrettably, there have been a good deal of instances where ICO promoters vanish into thin air. We don’t want that to happen here […] We need to act because initial coin offerings are sprouting.”

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

Philippine Regulator to Keep”Open Mind” Regarding Cryptocurrencies

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

This past year, The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), developed legislation governing the operation of virtual currency exchanges. Two applicants have obtained approval so far, with head and the director of the BSP information technology specialist group indicating that the central bank was reviewing 12 applications from potential currency exchanges.

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

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Nearly 8000 Mining Rigs to be Imported

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

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

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

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

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

No Regulations Yet

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

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

Virtual currency in general, and bitcoin and litecoin in particular, are not currencies and are not legal means of payment under the Vietnamese law.

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

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

Greatest Dogecoin Casinos & Gambling Sites | Greatest Bitcoin Casinos 2019

Greatest Dogecoin Casinos & Gambling Sites | Greatest Bitcoin Casinos 2019

 

In a world in which technology is constantly changing at a mind-blowing rate, cryptocurrencies are getting increasingly more popular. The ease and speed at which cryptocurrency transactions could be made securely is currently changing how folks think about money. Bitcoin and later Ethereum altered the landscape of finance and economics with their innovative take on electronic money. After in their success, many other attempts at cryptocurrency happen to be forged, including a popular currency called Dogecoin.

Originally started as a joke based on the popular internet meme involving a Shiba Inu, Dogecoin has now become one of the most well-known cryptocurrencies. Possibly the notoriety of the meme led to Dogecoin's fast success. Compared to other cryptocurrencies, Dogecoin is comparatively similar in terms of popularity, though in most situations it is less mature than its more established competitors. The lone fact that Dogecoin was originally intended as a joke and has still been able to become a large, working cryptocurrency is really a testament to the upward tendency of this cryptocurrency sector generally. Within the following article, we'll seek to clarify Dogecoin's capabilities, specifically in connection with internet gambling.

Length of Cryptocurrency

Cryptocurrencies are now ever more common lately for several reasons. First, cryptocurrencies are conducted on decentralized digital networks. This implies they cannot be interfered with by authorities, large banks, financial institutions or any other centralized firm, therefore they don't carry high fees and fees that may be related to utilizing such institutions.

All these big centralized institutions basically serve as middlemen who take a percentage of every transaction for using their services. As cryptocurrencies conduct company peer to peer reviewed and in an anonymous level, users will not suffer the consequences of using these middlemen.

Another major reason for celebrity is that the pseudonymous (and sometimes, fully anonymous) character that is involved with cryptocurrencies. Transactions can be made between users without entering any personal details. Consequently, business is conducted on a more secure level. Essentially, cryptocurrencies have made it a lot simpler for individuals to have more control and security over their cash.

All of the facets we only went over employ to Dogecoin, and if taking them in to account, it's not hard to observe how it has become such a successful cryptocurrency. Something that makes Dogecoin stand from its fellow cryptocurrencies, nevertheless, is that it was developed to achieve a wider demographic, thus in turn increasing the popularity of cryptocurrencies overall.

Betting and Dogecoin

Although Dogecoin (like all other cryptocurrencies) is a rather new technologies, it's already become one of the most famous cryptocurrencies available on the industry. On top of this, Dogecoin has something special going to it when compared to other, even bigger digital currencies like Litecoin, Bitcoin and Ethereum; it was made specifically for micro transactions. With a circulating supply well over 100,000,000,000 DOGE, each coin can only be worth a lot. In its summit, Dogecoin reached an all-time high of $0.017. Because of this, bettors can deposit as much as $5 or less in an internet casino and be in a position to gamble within minutes.

There is already a sizeable quantity of gaming sites that accept DOGE as payment. People that are avid online gamblers do not have to worry about exchanging their Dogecoin for some other form of currency because there are presently a large group of games and casinos that will happily let folks wager using their DOGE.

Some of the games which Dogecoin users can currently play are dice, poker, blackjack, slots, blackjack, lotteries, and even sports gambling. Users may also play less anticipated games like Minesweeper with their DOGE. Right now, the leading bitcoin online casinos that accept Dogecoins are all BitcoinPenguin, Crypto-Games, and FortuneJack.

All these major casinos and the multitude of games offered to users of Dogecoins signify the growing clientele that Dogecoins is becoming associated with. As time goes on and the cryptocurrency continues to grow, it may be expected that the more casinos and games will be made accessible for users. Considering that Dogecoin originally started off as joke, it is extremely impressive to find that they are widely accepting one of online gaming sites.

Because of the character of cryptocurrencies, users are able to access their'virtual pocket' from nearly any place on earth. This aspect permits users to make amazingly quickly withdrawals when cashing out from their preferred gambling site. Users of Dogecoins can expect that cash outs will occur almost immediately on a constant basis, allowing consumers to have more control over their money. Cryptocurrencies have become the easiest and fastest form of money to play online gambling with, in part due to the rapid crypto workouts. Coupled with this will be your security and anonymity involved with using cryptocurrencies, creating a safe atmosphere for internet gamblers to perform with in.

Decision on Gambling Online with Dogecoin

Dogecoin has come to be a close rival to which were viewed as the giants of this cryptocurrency landscape. Maybe some of this popularity is a result of their strategy of working with a popular online meme since the namesake and mascot of the money. However, Dogecoin's popularity is also due much in part to its dedication to provide its customers with a secure and anonymous cryptucurrency that always works.

For people who avidly gamble online with cryptocurrencies, it would be wise to attempt Dogecoin since it will probably boost their game. Overall, Dogecoin should be appreciated for how popular and revered it has become contemplating its difficult conditions starting out. Their rise tells a terrific story of how hard work, a dedication towards the line service, and a bit of humorous luck will come together to make a fantastic user experience. Dogecoin is now strong enough to stand up to giants of the sector for example Bitcoin and Litecoin, and it definitely appears that they aren't backing down anytime soon.

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Nearly 8000 Mining Rigs to be Imported

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

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

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

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

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

No Regulations Yet

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

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

Currency in general, and are not means of payment under the Vietnamese law and bitcoin and litecoin in particular, are not currencies.

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

Images courtesy of Shutterstock.

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

Source: bitcoincasinoreview.info

New ICOs Expected in Q3 Trueflip casino

Five ICO Projects Expected to be Approved

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

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

From 50 ICO projects hoping to raise funds from the Thai capital market, five are prepared as initial pilot projects and bitcoin real casino terminal.

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

New ICOs Expected in Q3

The regulator has put the brakes on all ICOs, before the legislation takes effect. However,”Previously-leveraged businesses are still able to make transactions as normal since the legislation does not apply retroactively,” Krungthep Turakij explainedcasino that takes bitcoin bitcoin high limit casino games id=”attachment_174530″ class=”wp-caption alignright”>Mrs. Tipsuda Thavaramara.

Mrs. Tipsuda Thavaramara, Deputy Secretary-General of the Thai SEC in charge of Policy and Corporate Finance Groups, stated this week that an ICO issuer must first gain approval from the ICO portal it wants to be recorded on, Prachachat Turakij described. ICO portals will act like financial advisors to the issuers, making sure that all know-your-customer (KYC) rules are followed. The SEC will take before approving it to review the ICO after obtaining the approval of the ICO portal.

Companies wanting to issue tokens must satisfy a number of criteria. For starters, they have to have registered capital of at least 5 million baht (~US$156,625).

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

Thai SEC’s Future Plans for ICOs

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

The publication elaborated, with reference

Rules and regulations associated with transactions and asset investment could be eased, given national competition is on a par with other asset markets and that market participants are educated on digital asset investment.

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

Images courtesy of Shutterstock and Thai SEC.

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