Friday, May 17, 2024

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Daily Asia Gaming eBrief: Casinos, crypto supporting money laundering in Asia

Jeremy Douglas discussed the findings of a report regarding the pivotal role played by casinos, cryptocurrency, and VIP junkets in fostering underground banking and money laundering in East and Southeast Asia.

Casinos, cryptocurrency fueling underground banking and crime in Asia – UN

A newly released report by the United Nations Office on Drugs and Crime sheds light on the alarming role of casinos, junkets, and cryptocurrency in driving the underground banking and money laundering infrastructure in East and Southeast Asia.

Daily Asia Gaming eBrief: Predictions for 2024: regulations, AI, crypto and more

Change is afoot, with 2024 set to be an exciting year. Frank Schuengel takes a stab at what could happen, which regulatory trends will continue and what new tech has survived and will survive the test of time.

NuxGame enhances player experience through the integration of new crypto technologies

NuxGame, the experienced betting and software provider, has announced the integration of Metamask, Aptos and Phantom crypto wallets into its platform, creating a more secure, efficient and streamlined process for operators and players alike.

The US and the Philippines join forces against cryptocurrency fraud

The Philippines’ Securities and Exchange Commission (SEC) has joined forces with the US SEC and the Asian Development Bank in order to combat crypto fraud.

Your Daily Asia Gaming eBrief: Crypto: The Key Factor for the iGaming Sector’s Growth

Fast but volatile. Such is the world of crypto - a wild ride, but one which is full of benefits, if companies just know how to maximize the potential. Ana Schultz, from payment service provider FinchPay, points out how crypto adoption can be a major boon to iGaming operators who are still focused on a fiat-based world.
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Crypto adoption is key for the growth of the iGaming industry

The crypto boom continues, with particular benefits for the iGaming sector, as it facilitates payments quickly and at low cost. But despite the benefits, FinchPay COO Ana Schultz points out that companies are still slower to adopt, investing more resources into providing fiat options than relying on blockchain solutions.

Stake.com online casino hacked for over $40 million in crypto

Cryptocurrency-based online casino Stake.com has confirmed that ‘unauthorized’ transactions had occurred on its platform, with the amounts reportedly totaling over $40 million.

Chinese authorities break up $160 million cryptocurrency gambling ring

After a two-year investigation, Chinese police say that they have broken up an extensive cross-border gambling ring and recovered $160 million in crypto currency.

Top US securities regulator pushes to crackdown on crypto exchange platforms 

The United States Securities and Exchange Commission (SEC), has sued Coinbase, the largest crypto trading platform in the United States, claiming that the company broke the law by not registering as a broker.