03 Sep '13, 6pm

Immovable law collides with unstoppable Bitcoin casinos - Upstart

Immovable law collides with unstoppable Bitcoin casinos - Upstart

The UpTake: Anyone interested in Bitcoin should study what's going on with Bitcoin casinos. The pairing may just be the best example of the future of the industry. And now that a Bitcoin casino has sold for the equivalent of $11.5 million in Bitcoin, the industry seems prepared for mainstream. I t looks like the immovable law of the land may have finally met its match, up against Bitcoin, the encrypted, nationless, currency that disrupts every industry it touches . And now that Bitcoin casinos have had their first major acquisition, an $11.5 million deal, no industry better embodies the unstoppable nature of Bitcoin than gaming. “The most interesting thing about Bitcoin is how it almost seems tailor made for Internet gaming,” said Stuart Hoegner , managing director of the Gaming Counsel , a law firm representing gaming interests in both the United States and Canada. Specif...

Full article: http://upstart.bizjournals.com/money/loot/2013/09/03/bitc...

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