24 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 CasinoCoin will join us at ICE and look forward to a long and fruitful relationship.”
CasinoCoin puts operators and regular customers front-of-mind with its approach, and aims to lead the industry in setting high, best-use practice standards. It is currently in final development of a new application that will include built-in KYC, AML and responsible gaming features, all of which will greatly benefit users and operators alike.
Every year ICE hosts the ‘who’s who’ of the online gaming industry and the presence of the CasinoCoin Foundation will offer the opportunity to showcase new technology that aims to complement, not disrupt, the world’s top gaming providers.
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