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Russia to formulate new legislation on cryptocurrencies

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The Russian Parliament Duma is likely to consider a new legislation on cryptocurrency in the coming winter. Anatoly Aksakov, the State Duma Committee head on the Financial Market, said that the parliament will consider a new regulatory bill to monitor the cryptocurrency circulation in the market space in January or February

He said: “The long-awaited law on digital financial assets is in the GPU for approval … It is in conjunction with two others: the law on the regulation of investment platforms or crowdfunding and changes to the Civil Code. We agreed that the law on digital financial assets should be adopted along with these two legislative acts … Judging by the information that I have, this is January-February. Most likely, February, of course. Consideration of all three bills should pass,” he stated.

Earlier last year, the lower chamber adopted the first reading of digital assets bill, which was introduced by the Federation Council members with Aksakov as the head and the deputies of State Duma. However, his statement suggested that this time in February the law would be framed in such a way that it administers crypto activities in the insurance and banking sectors.

 “The next law from digital is a bill regulating the activities of electronic platforms, in use, the marketplace. I submitted this bill to the State Duma for consideration at the end of December. We have a plan to adopt this law by February 15 in order to launch a pilot project about 20 credit institutions and the Moscow Stock Exchange are preparing, “he said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Russia to formulate new legislation on cryptocurrencies

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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New Chief Executive Promises to protect Macau’s Gaming and Tourism Industry

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Ho Iat Seng, the new Chief Executive of Macau, has promised to protect the future of Macau’s gaming and tourism industries.

Speaking at a media conference in Beijing, Ho pointed to the “one country, two systems” principle and national security law as playing an important role in the stability of the city which in turn was vital to its ongoing prosperity.

“One can see that Macau has been doing quite well over the past 20 years in the one country aspect, including the enactment of a national security law. With such legislation, we can prevent interference by foreign influences. If they dare to come to intervene, we will make use of our law to safeguard the one country. We won’t allow foreign influences to have a hand in Macau’s affairs,” Ho said.

“Macau cannot afford to fall into chaos. Macau is a tourism city. Our major revenue comes from tourism and the gaming industry. We need to protect people’s livelihood,” Ho added.

Asked about the impending expiration of Macau’s six gaming concessions and sub-concessions in 2022 and the progress of plans for re-tendering, Ho explained that a draft had already been developed which would be refined and amended once the new administration takes over in December.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Chief Executive Promises to protect Macau’s Gaming and Tourism Industry

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Patagonia Entertainment Signs Deal with Booongo

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Patagonia Entertainment has signed an agreement with HTML5 games developer Booongo Games. This agreement will see Patagonia integrate a wide selection of slot titles onto its Gaming Aggregation Platform.

Patagonia clients will now be able to access Booongo’s cutting-edge portfolio, which includes top-performing games. The latest releases from Booongo such as Vikings Winter and Olympian Gods will also be made available on the Patagonia platform.

“Booongo Games places huge importance on creating immersive and engaging slot content. This raft of new games will be a welcome addition to our Gaming Aggregation Platform,” Victor Arias, Patagonia Entertainment’s Global Business Development Manager said.

“We’re excited to have signed this agreement with Patagonia and extend our base of clients in Latin America. Our partnership with Patagonia underlines the commitment we have for improving player engagement with the casino brands in Latin America and this will bring value for both Booongo and our partners,” Sebastian Damian, Commercial Director at Booongo said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Patagonia Entertainment Signs Deal with Booongo

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Unikrn & Unicorns of Love Partner to Find the Next Big Pro Streamer or Pro Gamer

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Unikrn, the world’s longest-operating esports-first betting operator, and Unicorns of Love, one of gaming’s most beloved fan-focused esports franchises, are offering a $50,000 streaming or esports contract for a new esports talent to join the Unicorns of Love banner.

Aspiring streamers who are over 18 years old can apply at Unikrn.com/best-job.

The applicants will have an opportunity to upload a short video as well as register their playing and streaming stats by using Unikrn UMode during the consideration period. Finalists will be announced after applications are considered.

The winner of this unprecedented sponsorship contest will begin streaming or competing full-time with support from Unikrn and Unicorns of Love in 2020.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Unikrn & Unicorns of Love Partner to Find the Next Big Pro Streamer or Pro Gamer

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