Pocket cash game tokens4/15/2023 ![]() They will want to know who owns the technology, but nothing more complicated than that. On the use of blockchain, Jeff tells Becky that regulators are likely to need only the lowest level of licensing. Jeff warns, “If you were to accept some sort of payment processing that was not licensed, you would not just be, as a processor, in trouble with the regulator, but you’d be putting the entire license of the operator at risk as well for doing business with an unlicensed supplier.” require crypto companies to obtain a money transmitter license to operate. But Jeff believes that regulators will address digital currency, they just want to get traditional payments sorted first. This is because regulators are more concerned with onboarding payment systems like banks and credit companies first. It’s just that the regulators haven’t approved it as a form of alternative payment.” He pointed out that when it comes to using digital currency for gambling in America, “There’s no prohibition that’s written into the law about it. He explained to Becky Liggero that it ultimately comes down to state regulators who have “to decide whether or not he or she is going to permit an operator to accept crypto.” However, Jeff, speaking on this week’s episode of CoinGeek Conversations, did stress that in the U.S., regulation varies depending on what state you’re in. He singled out NBA Top Shots, saying that the endorsement of the NBA and stars like LeBron James could have a positive influence on regulators. He said “it’s a very exciting space right now and I really hope the regulators don’t ruin it.” ![]() Jeff is also optimistic about the recent flurry of activity around NFTs. The news will be welcomed by game developers keen to monetize through the integration of digital currency wallets and blockchain technology. regulators are unlikely to have a problem with tokens that are “offered on the game to extend play, to skip levels, to gain certain powers.” Top online gaming lawyer Jeff Ifrah says that U.S. Video can’t be loaded because JavaScript is disabled: Jeff Ifrah: US regulators odds-on to approve in-game tokens | CGConversations () ![]()
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