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A huge step the online casinos development is experiencing right now is related to the cryptocurrency boom. Digital assets like Bitcoin facilitate gambling, allowing users to remain anonymous and dont disclose their personal data. With crypto, money transfers become faster and cheaper. But the question is, can these modern casinos change the balance of power in the industry? Bitcoin (BTC) is the first cryptocurrency that caused a huge hype around the blockchain technology and a new way of dealing with payments. It was launched in 2009 by a mysterious person under a pseudonym of Satoshi Nakamoto. It is a new-age peer-to-peer online POKER payment system based on blockchain a specific decentralized network consisting of numerous computers which store the same copy of the entire database. Blockchain is known for its transparency, anonymity, and security. Its safer than traditional storages because its doesnt feature a single server but keeps everything on several equal nodes.

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On Friday, the Lotteriinspektionen regulatory body which will rebrand as Spelinspektionen in the new year announced the first 16 recipients of new Swedish online gambling licenses, which will formally become active on January 1, 2019 . (View the full list here .) Lotteriinspektionen director-general Camilla Rosenberg celebrated Fridays news as a historic day for the game, while praising her staff for laboring under severe pressure to process the 95 gambling license applications 70 of which are for online operations it has received since the application window opened on August 1. The new licensees include the state-run former gambling monopolies Svenska Spel and AB Trav & Galopp (ATG), both of which have been furiously inking supplier deals so they can finally offer the online casino products they were denied under Swedens previous regulatory regime. Also making the grade are a number of internationally licensed but Swedish-run online gambling operators, including the Kindred Group (which will operate using several of its brands, including Unibet and Maria), mobile casino specialists LeoVegas and Betsson (which also snagged licenses for its Nordicbet and Sverigeautomaten brands). Other familiar names celebrating on Friday include Bet365, Casumo, GVC Holdings Bwin and PartyGaming brands, Interwetten, Skill On Net, SuprPlay Ltd and Tombola.

For the original version including any supplementary images or video, visit https://calvinayre.com/2018/11/30/business/sweden-issues-new-online-gambling-licenses/

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