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MetaVault announces expansion into the Isle of Man

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MetaVault announces expansion into the Isle of Man
MetaVault co-founder Justin Short
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MetaVault, a company offering secure storage of cryptocurrencies such as Bitcoin and Ethereum, has opened a new office in the Isle Of Man.

MetaVault is a digital asset custody provider, offering insured and uninsured safe custody of assets up to $100m. It means financial institutions such as banks and exchanges can store cryptocurrency with peace of mind with protection underwritten by A-rated London-based insurers.

With the office opening, MetaVault is responding to the growing demand for gaming, exchange and financial institutions to be able to accept and store digital assets securely.

MetaVault co-founder Justin Short said: “The decision to expand into the Isle of Man was a logical step in our business growth strategy. 

“The Isle of Man boasts gaming and financial services regulators proactively engaging with blockchain enterprises.

“Supporting player protection mechanisms, exchanges and financial institutions with secure, insured and uninsured digital asset custody provides confidence in the technology for regulators, businesses and consumers by removing significant risks from the ecosystem.”

Lee Hills, director of MetaVault, said: “The Isle of Man has been at the forefront of developments in blockchain technology and this expansion recognises that. MetaVault is ideally suited to mitigate risks and remove barriers between blockchain businesses and financial institutions. We are excited by this next chapter and look forward to long and mutually beneficial relationships with our Isle of Man partners.”

Lyle Wraxall, Chief Executive, Digital Isle of Man Executive Agency, said: “Blockchain Isle of Man is very pleased to welcome MetaVault to the Island. 

“The Isle of Man prides itself on its superior player protection regulation in e-Gaming and being a centre of excellence for finance, the services offered by MetaVault will assist in maintaining that high standard. It is fantastic to see that the Island is continuing to attract diverse technology-focussed businesses, and we look forward to MetaVault adding to our already rich digital ecosystem.”

 

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BITCASINO AND EVIL GENIUSES LAUNCH FIRST CRYPTO-BASED DIGITAL GAMING PARTNERSHIP IN ESPORTS HISTORY

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BITCASINO AND EVIL GENIUSES LAUNCH FIRST CRYPTO-BASED DIGITAL GAMING PARTNERSHIP IN ESPORTS HISTORY
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Jersey Patch Partnership Features Multiple Facets Across EG’s DOTA 2, Counter-Strike, FGC and Creator Rosters 

  Yesterday, it was announced that crypto pioneer Bitcasino, a leading bitcoin-led casino operator, has partnered with Evil Geniuses (EG), one of the original and most iconic professional esports organizations in the world. Bitcasino, part of Yolo Group, merges cryptocurrency with a digital gaming experience by offering an assortment of games and entertainment. As the first crypto-based digital gaming partnership in esports history, Bitcasino will be showcased across a number of EG facets including the Evil Geniuses DOTA 2, Counter-Strike, FGC and Creator rosters.  

“We love Evil Geniuses’ passion and forward-thinking approach to everything they do,” Head of Bitcasino Kaupo Kangro said. “They have been changing the game for more than 20 years, which is why they make the perfect partner for Bitcasino. They’re true pioneers who share our values for fun, fast and fair gaming. It’s an honour to see the Bitcasino logo on the EG jersey, and we’re excited about the great content that we will be partnering on for Evil Geniuses fans around the world.” 

Starting later this week with the Blast Premier Fall Showdown, EG players will wear new jerseys that feature the Bitcasino logo on their right sleeve. 

“Evil Geniuses has always been a trailblazer within esports and bringing on a pioneer in their industry like Bitcasino, EG continues our commitment to engage our fans in new and innovative ways,” said Brian Millman, Director of Corporate Partnerships at Evil Geniuses.

The partnership also features CS:GO programming including a custom created map featuring familiar B-Site locations where players will race against the clock in mobility obstacles and accuracy challenges. The challenge course was specially designed for Bitcasino and tested by EG pro and content creator Tarik Celik. Fans can participate in the fun, too, by downloading the map via Steam.

In addition, the partnership will feature a content series headlined by EG CS:GO and DOTA 2 players, fans will submit videos of their play, either best or funniest moments for EG pros to guess what comes next at key moments. The content series that will be shared on social media will feature various EG pros providing unique commentary on fan behavior. 

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Compliance Updates

Ukrainian Parliament Passes Law Legalising Cryptocurrencies

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A draft law legalising and regulating cryptocurrencies and other virtual assets like tokens in Ukraine has passed the parliament in the second reading on September 8. A total of 276 Ukrainian lawmakers voted for the bill.

Cryptocurrencies have been neither legal nor forbidden in Ukraine because there were no laws that defined them. Ukrainians could buy and exchange virtual currencies, but local courts could not protect them if something went wrong.

If signed by President Volodymyr Zelensky, the law will protect the owners of virtual assets and exchange platforms from fraud. It will also determine how Ukraine will regulate the cryptocurrency market in the future.

Cryptocurrency is hugely popular among Ukrainians — the daily turnover of virtual assets in the country accounts for $37,000, according to Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation. If cryptocurrency becomes legal and therefore safer, more Ukrainians will invest in it, Fedorov said.

“Only a few countries in the world have legalized crypto assets — Germany, Luxembourg, Singapore. Ukraine will be one of them,” he added.

Recognising cryptocurrency is vital for the booming industry, experts said. “It will reduce stereotypical attitudes towards cryptocurrencies and will help them to become normal financial instruments,” according to Oleg Kurchenko, CEO of virtual asset exchange platform Binaryx.

However, experts are worried that too many rules could stifle innovation and put pressure on businesses. Some crypto investors could leave the country because they do not trust state initiatives, Kurchenko said.

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Compliance Updates

BC.GAME is now the proud owner of the much-awaited Curacao License!

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BC.GAME is now the proud owner of the much-awaited Curacao License!
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Curacao Interactive Licensing N.V.(CIL) is one of the top four most popular globally acknowledged casino licenses! In addition, Curacao Interactive Licensing N.V.(CIL) is one of the four master operators who received oversight roles from the Curacao government. The other three are E-Gaming (N.V. 1668/JAZ), Antillephone (N.V. 8048/JAZ), and Gaming N.V. (365/JAZ).

Curacao has an excellent reputation for having a trustworthy, responsible, and stringent licensing protocol. Having a Curacao license means adhering to all rules and complying with all applicable regulations!

In easy terms, it means BC.GAME will have a better standing with other companies and partners in the crypto gaming industry! This further strengthens the company’s beliefs of providing complete security and an optimal & provably fair gaming experience to their users!

A Curacao license opens up more significant avenues for a crypto gaming platform! This further makes it possible for BC.GAME to provide their players with better games, bigger rewards, highly recognized providers, easier integration of new currencies, to name a few!

For you, our dear community, it means a better and more trustworthy platform with a great gaming experience and a wide variety of games to choose from!

Obtaining the Curacao License helps BC.GAME attain a recognized standing in the global market and significantly strengthens its position as one of the Best Crypto Casinos! You can find the original company license here.

As the first-ever casino to support Bitcoin Lightning Network; BC.GAME is determined to achieve a globally acclaimed compliance standing! But all in good time as this is just the beginning!

For security, the license was uploaded to the decentralized storage blockchain, the IPFS, and minted into an NFT compliant with the EC-721 standard before being transferred to BC.GAME’s ENS bcgame.eth account.

The online gambling platform’s decision to secure the CIL sub-license in the IPFS before minting it as an NFT shows the flexibility and possibilities of blockchain, which BC.GAME is amongst the first ones to achieve!

All users, including regulators worldwide, can now view the license, which is an efficiency win, considering how governments have stepped up, shifting their muzzles to crypto entities.
BC.GAME would like to extend their heartfelt gratitude to each of their amazing players who stood by them and pushed them to reach greater heights with each achievement!

The company further mentions, “Thank You for trusting us and providing your unwavering support to BC.GAME! We are because of you! Thank You! We aim to provide our players with the best crypto casino experience full of huge winnings, fun, and good times! But, as we always say, Don’t Trust, Verify It.

Once again, we thank you, dear players, for constantly pushing us to be the Best!”

And to all the new users, they say: “Welcome! Become a part of the most rapidly growing crypto gaming community and have an experience like no other!”
Congratulations to all, and we wish you a super lucky winning time!🍻🍻

JOIN NOW!

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