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The HALLO ECHO

Swiss Financial Regulator,FINMA straightens out the Path for ICOs

 The HALLO ECHO
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By publicising the  guidelines  (“Guidelines”), explicating  how it intends to implement  financial market legislations in dealing with  enquiries regarding the applicable regulatory framework for initial coin offerings (“ICO”)dated February 16, 2018 FINMA, the Swiss Financial Market Supervisory Authority paves the path for ICOs. The Guidelines complement  FINMA’s earlier Guidance  04/2017, published on September 29, 2017. By issuing…

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A set of bills could be a game-changer for Michigan’s online gambling

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When the current laws say online gambling is beyond the pale. It is anticipated that a set of bills advancing through the Michigan’s legislature could be a game changer for the online gambling industry within the state. In view of this, Rep. Brandt Iden, R-Oshtemo, said he is looking forward to set up online gambling…

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Trust issues: only a third of the public thinks gambling industry is fair

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The reputation of gambling among the public is failing to improve, according to a report published by the Gambling Commission on Tuesday. Those gambling operators with a reputation for treating their customers fairly and well will have a competitive advantage, the regulator added. The commission’s gambling participation report for 2017 found that 33 per cent of those…

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Colonial Downs which pulled the plugs in 2014 might receive a go ahead to reopen

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Virginia State’s authorities are in the process of evaluating different measures to expand gaming industry operations. As per the reports by several local newspapers the State of Virginia might promptly permit another gaming expansion, as authorities are excogitating the installation of betting machines at the historical race terminals at Colonial Downs,  a horse track located…

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Autorité des marchés financiers (AMF),France calls forth companies using cryptocurrencies to adhere to certain rules

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The stock market regulatory body of  France, the Autorité des marchés financiers (AMF) has ruled that companies using cryptocurrencies must adhere to certain rules. The decision comes on the heels of an analysis of the legal qualification of cryptocurrency derivatives, which the AMF conducted post an escalation in the number of online trading platforms offering…

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The Remote Gambling Association publishes good practice guidelines for operators

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When developing or purchasing systems, the advice is designed to assist members in recognising problematic online gambling behaviour and interact with identified customers to address the behaviours that flag concern. Online gambling operators collect and retain a great deal of data about their customers. The RGA believes it is incumbent upon its members, who are…

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