CasinoCoin (CSC), the open source cryptocurrency designed specifically for the regulated online gambling industry, is to relaunch under the management of the newly established Double C Foundation.
Based on the Isle of Man, the Foundation will run as a non-profit organisation and aim to bring cryptocurrency gaming to a wider audience.
The Foundation plans to promote adoption and best-use practices of CasinoCoin in regulated gambling markets around the world, as well as continue to drive optimal technological performance of the coin and its underlying blockchain.
John Caldwell, former marketing executive at PokerStars, and Duncan Cameron, who spent time as senior project manager of research and development at the Rational Group, will form part of the Foundation team.
Caldwell, who has taken on the role of director of advocacy, said: “The only sustainable way forward for cryptocurrency in the gambling world is to work with regulators and operators from day one and focus on regulated markets.
“Our aim with CasinoCoin is to provide a currency and related technical tools that are designed and accessible for both operators and ordinary players in the regulated gambling industry.
“We are excited to reintroduce CasinoCoin to the industry, and believe the Foundation will play an integral part in driving the coin’s future success.”