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   385

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.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   44

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.