Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Payment21 on March 02, 2017, 11:55:55 AM

Title: Compliance Hurdles for Licensed Gaming Operators when Accepting Bitcoin (Pt1)
Post by: Payment21 on March 02, 2017, 11:55:55 AM
PaymentEye is a leading resource site in the global payment sector. It provides information on the industry trends to professionals, innovation hubs, payment processors and mobile solutions companies.

Late in February 2017, it published a case study on the benefits of bitcoin payouts for the gaming industry. In particular, the case study looks at how bitcoin enables gaming companies to expand their target markets even with regulatory demands from different jurisdictions around the globe.

In this regard, the case study focuses on Payment21’s answer to compliance challenges to gaming companies. As an AML-compliant digital cash processor, Payment21 handles clients’ specific regulatory requirements, even when the merchants are multinational enterprises dealing with multiple jurisdictions simultaneously.

Payment21 has identified the need for a solution that assists merchants in accepting bitcoin payments risk-free in exchange for their products or services.

In the next post, we will look at the benefits the case study identifies that gaming companies get out of accepting bitcoin with compliance in mind.
Link to the case study: