Australian government stops online betting with crypto

Days before betting agencies started accepting cryptocurrencies Australian government sends out cease and desist notice
08 February 2018   1089

Days before Australian betting agencies were to start accepting Bitcoin and several other coins Australian gambling regulator – Northern Territory Racing Commission (NTRC) – sent out a notice to stop any such notions underway.

Neds, a gambling site posted on February 1 that they were ready to accept bets in crypto, because it was very fitting of them to do so as they consider themselves “tech guys”. The website was ready to start such service and, as the representative said, to become first in the business to accept crypto for online betting.

And nothing came out of it because just days after the announcement, NTRC sent out an email to all registered betting and gambling agencies to not accept cryptocurrencies in any way or form.

As of now informal, notice in the email reads:

“…. all sports bookmakers and betting exchange operators licensed in the NT if currently transacting in cryptocurrency (for example Bitcoin, Ethereum and the like) for their wagering operations to immediately cease and desist.”

Right now Neds took down all the links for cryptobetting portion of their site, as far as redirecting people to the regular homepage.

The public opinion is mixed. Crypto enthusiasts are unhappy, some wanted a chance to further their gains by trying their luck in gambling. But, as usual, there is opposing camp, who are quite happy with Australian government for placing such restrictions, so there wouldn't be unnecessary temptations and risks involved in betting.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   34

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.