W2 and Crucial Compliance partner with nChain

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Updated January 30, 2023 | Published January 30, 2023

2 mins read

The blockchain and player protection specialists have formed a “player protection toolkit” to avoid non-compliance fines.

The gambling industry’s regulatory compliance services W2 and player protection specialist Crucial Compliance have partnered with the blockchain firm nChain.

The partnership will support blockchain-powered compliance solutions for operators in global markets.

Both Crucial Compliance’s and W2’s compliance solutions will be offered via nChain’s blockchain technology to help operators with regulatory challenges.

A complete compliance and player protection toolkit will be formed mitigating any risk of operators occurring fines or damages.

NChain sales director Nick Hill said: “We are passionate about the ways in which blockchain can enhance vital processes for businesses in a wide range of sectors but especially when it comes to gambling operators and regulatory compliance and player protection.”

A protocol enabling the secure functioning of decentralized digital databases, and one transforming the industry, is distributed ledger technology (DLT).

“Distributed ledger technology is the future of regulatory compliance and player protection, and this collaboration between W2, Crucial and nChain allows our operator partners to leverage its huge potential today while futureproofing for tomorrow”, said Crucial Compliance CEO Paul Foster.

The trio will incorporate DLT into both regulation and compliance.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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