Many Americans understand the U.S. Virgin Islands for warm weather and beaches that are beautiful they are able to visit without being forced to get a passport. But thanks to a ruling that is recent the islands' Attorney General, this vacation spot may soon become just as well-known as a home for on line gambling.

Attorney General Weighs In

V.I. Attorney General Vincent Frazer issued an opinion with other Virgin Islands officials, stating that the 2001 V.I. legislation that allowed for Web gambling companies to operate in the united states will never clash with any laws that are federal the usa, and thus the law could finally be used to permit the territory to host Internet gambling companies. So far, the territory had held off on actually permitting any online video gaming to get forward, because of warnings issued from the government that is federal.

However, as is usually the case in these circumstances, things aren't quite that clear cut. What the law states just enables two companies to operate as 'master service providers' into the territory, shutting out every other operators that are potential. And one or more of those companies states they've lost most of their investors in the 12 years considering that the slotsforfun-ca.com law has passed, due to the uncertainty around whether they'd ever

It's been a serious week for Bitcoins in the news; a triple whammy, actually.

First, there was the arrest by the FBI of Silk Road's founder known online only by his handle 'Dread Pirate Roberts', but evidently known to the feds just a little more intimately as Ross William Ulbricht- and also the seizure and turn off of this Silk Road site itself. Silk Road ended up being an exclusively Bitcoin gambling site, well-known to numerous being an open market for illegal drugs and much more; the web site's slightly below a million registered users were often money launderers, in line with the arrest warrant.

'Based on my training and experience, Silk Road has emerged as probably the most sophisticated and extensive unlawful marketplace on the net today,' FBI Special Agent Christopher Tarbell noted into the complaint. Tarbell added that in the past 2 1/2 years, Silk path generated some $1.3 billion worth of equivalent Bitcoin trades and netted $85 million in commissions for itself, frequently for things as macabre as employing hitmen, looking for computer hackers or purchasing illegal weapons.

Major Rate Volatility Ensues

Meanwhile only a few times following the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins themselves went through some Cat-5 volatility, once the rates fo