Advertisement
AD

Main navigation

FunFair Applies for Inaugural Isle of Man Blockchain Licence

Advertisement
Wed, 14/08/2019 - 10:30
FunFair Applies for Inaugural Isle of Man Blockchain Licence
The cover image and all the rights belong to the client ordering given press release
Read U.TODAY on
Google News

14th August 2019 - Funfair Technologies has made an application to the Isle of Man Gambling Supervision Commission for a Token-Based Software Supplier Licence in order to support its ongoing growth and wider business strategy going forward.

Advertisement

A successful determination will enable FunFair to operate within the framework of a Tier 1 gaming jurisdiction, ensuring full compliance with its regulations and further safeguarding FunFair-powered casino customers and end-users.

It also puts FunFair in pole position to discuss with the Isle of Man’s licensees in-depth about the benefits of blockchain for igaming companies. 

Stefan Kovach, CCO at FunFair Technologies, commented “As an organisation, we’ve always been clear that we want to work in a well-regulated space with clarity surrounding licensure and blockchain technology.

“We’re very pleased that the Isle of Man’s regulatory bodies are on the same page and are making positive, pioneering steps to legislating for decentralised technology and token-based gambling.”

As part of the licensure process, FunFair has established an entity in the Isle of Man to work effectively and closely with regulatory bodies and other organisations based out of the dependency.

The blockchain provider has stated further details will be announced in due course and on completion of the licensure process and that the specifics of the process will not be divulged while it remains open.

A successful application will complement FunFair Technologies’ licensed B2C white label arm which currently hosts two live brands in CasinoFair.com and third-party run CryptoCasino.com.

Company details

  • Organization
    FunFair
  • Website:

Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD