17 January 2018 (Isle of Man) – CasinoCoin (CSC), the open source, peer-to-peer cryptocurrency designed specifically for the regulated online gambling industry, will be a featured partner at the Isle of Man (IOM) Department for Enterprise exhibition stand at the ICE Totally Gaming conference – one of the largest and most important gaming exhibitions of the year.
John Caldwell, Director of Advocacy for the Foundation, said: “We haven’t seen too many cases of overt support of a cryptocurrency from a government organisation, and we’ve been super pleased with the Isle of Man’s help. We think it shows we’re on the right track.”
The purpose of the CasinoCoin Foundation, a non-profit organisation, is to promote adoption and best-use practices of CSC in regulated gambling markets, and to help realise the continued optimal technological performance of the coin and its underlying blockchain.
The Isle of Man is considered one of the top online gambling regulatory jurisdictions in the world, and they are known for their forward-thinking approach. Their support marks a big step towards the CasinoCoin Foundation meeting their purpose and gaining wider adoption.
Tony Ure, Head of eGaming at the IOM Department for Enterprise, said: “The Isle of Man always leads at the intersection of technology and gaming, and cryptocurrency certainly sits at the juncture of the two. We brought cryptos under our Proceeds of Crime Act and AML legislation in 2014 and have allowed our licensees to offer the gamble with crypto and skins since early 2017. We’re pleased that Casin...