The post MiCA-compliant $SWAN to build EU-based crypto casino, disrupt finance, and challenge regulations appeared on BitcoinEthereumNews.com.

The team behind the innovative White Swan (“$SWAN”) project – known as the first MiCA-compliant memecoin – just announced an ambitious roadmap focused on developing the European Union’s first fully regulated crypto casino and a suite of decentralized finance (DeFi) products that aim to facilitate maximum privacy and accessibility, while still remaining fully compliant with all applicable laws and regulations. This initiative aims to leverage the evolving regulatory landscape in Finland and the EU to create a transparent and secure environment for crypto users, with the added objective of simultaneously highlighting areas where existing regulations hinder innovation, limit market access, and contribute to the EU’s continuous economic decline.  Navigating Finland’s evolving gambling landscape The $SWAN team is closely monitoring anticipated changes to the Finnish gambling legislation, which are expected to open the market to private operators. Currently, Finland’s gambling market is controlled by the state-owned monopoly, Veikkaus Oy. The Finnish government has, however, signaled its intent to reform the system. According to a recent report by The Ministry of the Interior, the government is exploring options for a licensing model that would allow private companies to operate and market online casinos within the Finnish market – For the first time in history. Positioning itself at the forefront of this potential shift, $SWAN seeks to secure a license to operate a fully compliant crypto casino from Finland – An EU Member State known for embracing stringent regulatory compliance and supervision.  Addressing potential regulatory barriers and pursuing legal avenues to ensure fair market access While the $SWAN team is optimistic about the prospect of regulatory reforms in Finland, they are also prepared to address potential challenges head-on. Should the anticipated legislative changes fail to materialize or adequately accommodate crypto-based gambling operations, the team is prepared to pursue all available legal avenues to…

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Filed under: News - @ February 1, 2025 11:21 am