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Ukraine to legalise cryptocurrencies

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Ukraine is edging close to make cryptocurrencies legal. There are already several attempts to draft laws to legalise the industry, but none has reached its logical conclusion.

Michell Vidyakin, Director of Strategy and Reforms Department at National Bank, opines that the state cannot take autonomous decisions in the field of cryptocurrencies apart from European norms.

He said: “These currencies have not yet been issued by any central bank. Why do not they fall into cash regulation? Because they have no physical form. Why cannot they be used as electronic money? Because they are not tied to the accounts of banks or other organisations that have a financial license. Now the process of determining the status of cryptocurrencies and the mechanism for their regulation is hampered by the lack of a unified approach in European legislation, as Ukraine aims to harmonize Ukrainian laws with European ones,”.

According to the lawyer Artem Afyan, cryptocurrencies are already mentioned in Ukrainian Classifier of Economic Activities, which already provides some legal basis at least for mining. According to Afyan, at first Ukraine completely ignored the problem of regulation, which was the best it could do at that time. However, in order cryptocurrencies business to develop further, Ukrainian law needs to explain the rules of the game. The biggest problem is the fact that there is still no official definition or explanation of the term “cryptocurrencies”.

Some good news for the industry appeared this May. The National Securities and Stock Market Commission of Ukraine (NSCCB) will propose for consideration of the Financial Stability Board to recognise cryptocurrency as a financial instrument. This was reported by the head of the commission Timur Khromaev. In November 2017, consideration of all draft laws on legalisation of cryptocurrencies in the territory of Ukraine was postponed due to the fact that the NSCCB insisted on changing the terminology used in the documents.

Source: forklog.com


Source: European Gaming Media and Events

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Bryke launches Link King in Spain

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Bryke, the video slots brand of Zitro, the famous  Luxemburg-based gaming company, has launched its highly successful flagship product in Spain: Link King, a unique and innovative type of game that is not like any other games available in Spain.

Link King offers impressive new features: 4 spectacular levels of progressive jackpots that are frequently granted through the bonus game, increasing the chances of winning. In addition, prizes are linked between terminals, raising their value and the player’s excitement. Spanish players can enjoy a different way of playing never before seen in Spain and already present in the best casinos in the world.

The staging of LINK KING is impressive thanks to the new FUSION cabinet that stands out due to its advanced technology and “Ultra Slim” design, occupying less space than any other piece on the market and offering the player greater comfort.

The combination of LINK KING and FUSION will transform Spanish lounges into a game show that will appeal to both the operator and player, just like what’s happening in international markets.


Source: European Gaming Media

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RTG launched a new game, called I, Zombie

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RTG launched a new game, called I, ZombieReading Time: 1 minute

 

RTG Asia, the Philippines-based gaming company, has launched a new game called I, Zombie, which is a five-reel, 25 line game. It features Amy, a gorgeous zombie killer.

“The zombie epidemic continues, but now it’s taken a personal toll: Nancy has turned! Her beautiful blue eyes have gone red, her carefully manicured nails have grown into claw-like things. She might be the WORST kind of zombie — still so sexy, so attractive, so deadly. You have to see her! And, as in life, so WILD. And she is your WILD too. You may even see two more her appear and they’ll jump across the reels… not to kill you but to help you win more,” – commented RTG Asia.

“Maybe if she could see herself in the mirror she could change back… would that help? Could that help? It’ll certainly help YOU: when you get three mirrors – the game’s scatter – you get free spins. Get four mirrors and your free spin prize doubles. Five mirrors, it trebles,” it concludes.


Source: European Gaming Media

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William Hill US seeks modifications in regulations

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William Hill US has written a letter to the Nevada Gaming Control Board (NGCB) seeking modifications in current regulations so as to eliminate some technical glitches. This is after FanDuel paid out on an erroneous ticket that allowed the ticket holder to win US$82k in New Jersey.

It is learnt that William Hill US mainly asked the power for the Chair to use discretion in rescinding bets where an obvious error had occurred, such as wrong pricing. “This would address the situation that occurred recently in New Jersey where an operator issued a wager on a football game at a price that was obviously incorrect,” reads the letter.

Sylvia Tiscareno, general counsel of William Hill, testified during NGCB’s meeting this week and said that the request comes after several internal discussions. The panel at the meeting decided to consider the testimony before making a decision.


Source: European Gaming Media

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