Thursday, August 4, 2016

UK Gambling Regulator Views Digital Currencies as Acceptable by Licensees

afterglow Festival Opening 29.1.2014
bitcoin
Image by transmediale

Photo: Elena Vasilkova / transmediale


MSHR Performance


transmediale 2014 afterglow opened its doors on January 29, 2014, at Haus der Kulturen der Welt. The official Opening Ceremony was celebrated in the company of special guests and speakers, among them cypherpunk writer and critic Bruce Sterling. During the evening, the works produced by the hackers-artists of Art Hack Day Berlin : Afterglow opened to the public in a special exhibition opening. Accompanying the Opening Ceremony and exhibition opening were the interactive big-data producing installation by CRITICAL INFRASTRUCTURE (Jamie Allen & David Gauthier), installation and performance by MSHR as well as screenings of works by Borja Rodríguez Alonso, Pavel Ziemilski and Luther Price. Furthermore, Geraldine Juárez performed "Hello Bitcoin," an action of literal cryptocurrency burning.


The U.K. Gambling Commission (UKGC) now sees digital currencies such as bitcoin as a cash equivalent that its licensees could accept as a payment method. This is contained in a new version of its Licence conditions and codes of practice (LCCP). The newly-released document includes changes from recent consultations. Its Section 5 which addresses payment-related issues says: […]


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UK Gambling Regulator Views Digital Currencies as Acceptable by Licensees

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