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The Asian Poker Tour (APT) has reportedly declared that its upcoming APT Macau Championships 2018 will abide by local laws and have no use, association or involvement with crypto-currencies. According to a report from GGRAsia citing an earlier press release from the APT, last week saw the poker tournament organizer announce a sponsorship deal with CoinPoker. A Game 500 Iosk com, which it described at the time as a ‘worldwide crypto-currency-based’ online poker domain. It had purportedly hoped to use this relationship in order to offer players the ability to win seats into its land-based competitions via online tournaments utilizing the site’s proprietary CHP crypto-currency. However, the APT was reportedly soon advised by Macau’s Gaming Inspection and Coordination Bureau quoting earlier guidelines issued by the Monetary Authority of Macau that crypto-currencies were ‘neither a legal tender nor a financial instrument subject to supervision’.

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