## The Journey to ICE 2024: Crypto’s Wild Ride – Crypto Gaming – iGB
Prepare for the most significant event of 2024! iGB is here to guide you through the latest advancements in the digital currency realm since the previous year’s gathering.
**The Route to ICE 2024: Crypto’s Peaks and Valleys**
The year 2023 witnessed a surge in the use of digital currencies, with the industry gaining a deeper comprehension of its advantages and disadvantages.
Earlier this year, a European Central Bank official, Fabio Panetta, proposed that authorities should treat unbacked digital currencies as a form of betting. He cited the collapse of several digital currency schemes in 2022, arguing that this was due to the market’s poorly structured and dysfunctional nature.
While some current regulations, such as the EU’s Markets in Crypto-Assets Regulation, aim to regulate digital currencies, Panetta believes more action is needed to effectively manage the industry.
In 2023, Stake.com, a Drake-backed enterprise, encountered challenges with digital currency. In September, unauthorized transfers of Ethereum, Polygon, and Binance Smart Chain wallets on Stake.com occurred.
While Stake.com did not confirm the amount stolen, reports in the digital currency community suggested that $41.3 million (£32.8 million/€38.4 million) was taken.
**The Growth of Crypto Gaming**
Although there’s debate surrounding digital currencies, some industry experts have voiced their backing for it in 2023.
McCallan, previously the Managing Director of the Yolo Group, chatted with iGB about the company’s objective of expanding cryptocurrency gambling to a larger audience. This involves adjusting their offerings to appeal to the 25-35 age group, a core demographic of the social media generation.
As the proprietor of Sportsbet.io and Bitcasino, two cryptocurrency gambling platforms, the Yolo Group is strategically positioned to take advantage of the cryptocurrency opportunity in the upcoming year.
In May, the European Council approved regulations mandating cryptocurrency businesses to secure licenses. The enactment of this legislation initiated a countdown for European national authorities, who were granted a three-month period to establish the necessary licensing structures.
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