French Financial Regulator Introduces Initial Coin Offerings Regulation

The financial regulator in France, Autorité des marchés financiers (AMF) is developing its initial coin offerings policy and it has recently launched 온라인카지노 a new plan which is going to improve the state of the regulation when it comes to the utilizing of blockchain in the country. Cryptocurrency is used in the gambling industry as a way of payment, as well as fundraising and the blockchain makes the whole process much safer and independent.

This Thursday saw the public announcement by the financial regulator of the two strategies for achieving an improvement of ICOs in the country. Changes come only several weeks after the President of the AMF, Robert Ophele, said that France is well on its way to devise the framework for token sales, as ICOs are also known in the industry. By coming up with the regulations France became the latest country in the world to work on and outline a final model of the rules for launching ICOs in the country.

AMF stated that there are several ways in which the new framework could be solidified, and one of them is updating the already existing rules and modifying them in a way to make them suitable for token sales. There is also the options of creating brand new regulation specifically designed for ICOs. Prior to taking any actions, the AMF is going to open the subject to the public, so people from the community can give their opinion on which is the best approach until 22nd December.

Another big project which will help with the introduction of the new regulation of token sales is the program called UNICORN which is offering a way for the organizers of such sales to conduct their projects with the supervision of the regulator. This new program is going to protect the rights of all participants in the cryptocurrency sales and make the process much safer and reliable. There will also be a research team conducting an in-depth analysis of the new project and collecting information regarding the effect the new ways of financing have on the economy.

Initial Coin Offerings in the Gambling Industry

One of the gambling fields on which ICOs have the biggest impact is the sector of new startups which offers new freedom for many people to make their gambling projects true. People feel confident enough to invest their money in gambling ICOs such as Funfair.io, which is a gaming platform powered by Ethereum. Only several hours were needed for it to amass $26 million from supporters.

Another project for a decentralized casino is DAO Casino, which makes the process of winning money easier and faster, with the use of blockchain technology. The ICO managed to reach the objective, as only during the first day some $9 million was donated to the idea.

DuPage County Board’s Vice Chairman Calls for Annulment of Video Gambling Ban

Ten years after DuPage banned video gambling 에볼루션카지노 and by this action became the first Illinois county to do so, the county board’s vice chairman shared that the panel should put a possible annulment of the ban under consideration.

As revealed by Jim Zay, some local businesses have been insisting that DuPage’s authorities should relax the existing regulatory framework and allow them to add video gambling terminals which would help them generate more revenue. However, business across the county would not be able to install the controversial machines unless the video gambling ban is lifted. The existing provisions currently affect more than twenty bars, restaurants and veteran groups which operate in unincorporated areas.

According to Mr. Zay, some of the above-mentioned businesses were willing to compete with businesses which operate in incorporated areas and currently have video gambling as part of their offerings. To make this possible, a number of local bars and restaurants opted to annex into municipalities where video gambling is officially permitted, and in some cases, their neighboring businesses do the same.

Unfortunately, this is costing DuPage County a lot, since such reflux of businesses equals loss of unincorporated area and regular sales tax which the country could be otherwise getting, not to mention that it is unable to take advantage of the fresh revenue which video gambling could bring.

This has been exactly why Mr. Zay has been insisting for the DuPage County Board to once again take video gambling under consideration, with the issue also to be discussed by the finance committee.

DuPage County Was the First One to Ban VGTs in Illinois

Video gambling was made legal in the state of Illinois in 2009. However, counties 온라인카지노먹튀검증 and towns across the state were given the chance to decide on their own whether to allow video gaming terminals or not. DuPage County was the first one to ban the newly-allowed form of gambling in August 2009, after some officials had revealed that video gambling could lead to some social problems.

The County’s municipalities initially followed suit banning VGTs but later, many towns reconsidered their initial decision and lifted the video gambling bans. As confirmed by the state’s gambling regulatory body, for the time being, many towns in DuPage offer legal video gambling services, including Aurora, Bloomingdale, Villa Park, Lombard, Westmont, Darien, Woodridge, Glendale Heights, Addison, etc.

According to some estimates provided by video gambling supporters, DuPage County could have received fresh gambling revenue of up to $312,000 on an annual basis in case the video gambling ban was lifted and all of the local businesses which hold liquor licenses were granted permission to offer video gambling. Still, in June 2017, the Finance Committee of the County Board refused to repeal the prohibition.

Mr. Zay, however, believes this could change. He reminded that at the time when the ban was first approved, there were a lot of unanswered questions regarding video gambling. Now, a decade later, video gambling services are available almost everywhere and there is much more clarity about the impact the machines have on both businesses and communities. Apart from that, the addition of video gambling to the legal gambling market of DuPage could bring the county some extra tax revenue, not to mention that businesses situated in so-called unincorporated areas would be given the chance to stay competitive.