CasinoCoin Moves to Ripple Blockchain

The CasinoCoin Foundation is conducting a coin swap, which concludes on February 14, 2018 at 12:00 GMT, in order to move to a new Ripple-based blockchain
14 February 2018   298

CasinoCoin is an open source, peer-to-peer cryptocurrency designed for the regulated online gambling industry. CasionCoin has built in wallet tools that enable transparency and open transactions, and the technology which aims to operate at world-class speed.

The CasinoCoin Foundation have announced that they will initiate a coin swap to move CasinoCoin to a new Ripple-based blockchain, aiming to bring a lot of advantages for the users.

The coin swap began on November 25, 2017 and is scheduled to conclude on February 14, 2018 at 12:00 GMT.

Casino Coin New blockchainCasinoCoin New Blockchain

Currently CasinoCoin is based on Litecoin blockchain, but moving to the Ripple blockchain should bring such advantages as faster transaction times, increased coin supply, advanced features like KYC (Know Your Customer) and AML (Anti Money Laundering).

Swap Ratio: 1:1000 (Old to New Coin Swap), the old CSC Blockchain renamed to CasinoCoin Classic (CXX)
Transaction fee: 0.001 CSC

At the moment of press, these are main market parameters of CasinoCoin:

Average price: $0,001951
24h volume: $40 109

Blockchain roundtable organized in Japan

Japan`s regulator, Financial Services Agency (FSA) has opened some details of the closed-doors roundtable
21 March 2018   77

This meeting was arranged for regulators and central banks from many countries and it was connected with a wide multilateral joint research project on blockchain technology. The private conference was held on March 8 and 9, then FSA confirmed its report on Monday.

The financial regulators and central banks from a number of countries met Japanese and foreign academic institutions at the FSA-hosted roundtable. The representatives of the central banks of Singapore, Canada and Japan faced the financial regulators from the UK, France, Abu Dhabi, Hong Kong and the Australian security regulator. They discussed their points of view on the possibilities and disadvantages of the public (open) blockchain technology.

The FSA declared that the roundtable should definitely reveal the blockchain`s peculiar risks and opportunities. Also this financial regulator constantly researches possible weak spots of the public blockchain technology, relevant questions of its security and technical perspectives.

The list of subjects which were discussed at the roundtable includes the “Blockchain innovation and responsible user protection”, “Potential of blockchain”, “Blockchain tests and use cases - jurisdictional Proof of Concept” among others.

The FSA added that despite many details of the closed-door discussion stay under wraps, some common positions and challenges may be shared with the public while agreed upon by all the participants.

The banking market in Japan is aimed to be the largest consumer-end implementation of blockchain tech through a consumer payments application powered by Ripple. Therefore the largest central banks in the world were told cryptocurrencies “do not pose risks to global financial stability” during the ongoing G20 summit in Argentina by the international Financial Stability Board.