Bitcoin Forum
June 12, 2021, 09:24:01 PM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: Compliance Hurdles for Licensed Gaming Operators when Accepting Bitcoin (Pt1)  (Read 200 times)
Offline Offline

Activity: 23
Merit: 0

View Profile
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:

Pages: [1]
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!