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Millionary Sanction to Playerbitcoin




On Wednesday, September 18 in the afternoon, the FCA (Financial Conduct Authority) in London, revealed the great news about the fine of 46.3 million euros to the casino accessory company BUSINESS GROUP GAMES for irregular operations on its platform playerbitcoin.


The Playerbitcoin betting platform, owned by Business Group Games, works as a raffle to predict the price of bitcoin.

According to the FCA playerbitcoin, it sold to its users stock contracts with fixed returns without the authorization of the London Stock Exchange.

In addition to the financial obligation with the FCA, playerbitcoin must withdraw the sale of stock contracts in a term not exceeding 30 days.

Charlie Ellis CEO Playerbitcoin

The creator of Playerbitcoin, Charlie Ellis, said: the sanction will not stop the company’s expansion plans and that it is very close to reaching an agreement with Asian betting giant MACAU LOTTERY LIMITED to bring Playerbitcoin operations to that continent .

From television to the internet platform, Greg switched his journey in digital media with California Herald. After serving as a journalist for popular news channels he currently contributes his experience for California Herald by writing latest and trending Politics news.

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