The Russian government has announced a new directive that will possibly restrict the access of its citizens of bitcoin and other cryptocurrencies.

Russia’s deputy finance minister Alexey Moiseev said that sale of bitcoins will only be limited to “qualified investors” and that they can only buy bitcoin Bitcoin and other cryptocurrencies from the Moscow Stock Exchange.

Moiseev, in a television interview, said “ordinary people” were ill-equipped to deal with cryptocurrencies, as they are “very dangerous investments that could lead to loss of money.”

Russian legislator previously proposed the criminalization of the use of ‘surrogate’ financial products. While that legislation promised hash penalties for those caught using or mining Bitcoin, Moiseev was mum on what penalties are in store for the new rule.

Russia’s new rule on bitcoin posed as a new hurdle in making cryptocurrencies more accessible to the masses. But it may take a while to implement as Russian legislators will be able to finalize the new cryptocurrency legislation by this winter at the earliest.

Gerard Knowler of TCSJOHNHUXLEY shows how casinos will be able to benefit from Qorex—a server-based cabinet that can be configured by the casino owners to meet the demands of their property.

Two high-ranking officials at the Ministry of Civil Affairs’ Welfare Lottery distribution and management center were dismissed for corruption and violating the Communist Party’s code of conduct.

The government of Western Australia has appointed an adviser on the sale of state-owned betting agency TAB.

Paraguay’s National Gaming Commission is streamlining its sports betting industry by forcing its seven licensed operators to compete for a monopoly concession. 

Hospital worker Mavis Wanczyk won the largest undivided lottery jackpot in North American history —some $758.7 million in the Powerball last August 24. Wanczyk took a lump-sum payment of $480 million, leaving her $336 million after taxes.

Arbitrage—the act of buying a link from one provider for less than they payout provided by another link that's placed on a website. Arbitrage is a complex earnings system and requires a great deal of knowledge in pay per click marketing.

iGaming Business editor in chief Michael Caselli and CalvinAyre.com’s iGaming reporter Becky Liggero will be the hosts of iGaming Idol which will be held at the Grandmasters Suite at the Hilton in Malta on the 26th of September 2017.

We know you did not break a sweat but congratulations, Floyd Mayweather Jr., for winning that much-hyped fight against Conor McGregor and keeping his record clean. However, he seemed to have failed to place a bet on his fight. Know more about it here.