AMC Entertainment: The Regulatory Environment for Cryptocurrency is Changing Significantly

The regulatory framework surrounding cryptocurrencies will change dramatically, so we always believe in staying on the right side of the law," said Adam Aron, CEO of AMC Entertainment. /p>

Aaron's words came during a fourth-quarter 2021 earnings call late Tuesday, Coin Telegraph reported.

Adam Aaron, CEO of iconic theater chain AMC Entertainment, briefed the community on the company's latest efforts to embrace cryptocurrency.

Aaron said, AMC will begin accepting Dogecoin (DOGE) and SHIB within two weeks.

AMC began accepting online payments for movie tickets via major cryptocurrencies last year.

The company said it was also still exploring options to issue its own currency; It is an idea that has been in the pipeline for some time as it monitors the current regulatory framework for cryptocurrencies.

Aaron also shared his praise of the blockchain industry, saying, "We continue to explore how AMC can participate in the burgeoning cryptocurrency world, and we remain very fascinated by the potential business opportunities."

Added: AMC has also picked up the ability to accept Apple Pay, Google Pay and PayPal online. Incredibly, in just a few months, these last three forms of payment, along with cryptocurrencies, already make up more than 15% of online ticket activity, as we saw in the fourth quarter of 2021.

But AMC was also laying groundwork in the field of non-destructible tokens, or NFTs. Since last November, the company has completed four non-perishable token campaigns, with over 800,000 non-perishable tokens available to consumers. These include non-destructible tokens provided as part of ticket sales for the Spider-Man, Don and The Batman films, and those given to contributors as part of AMC Investor Connect.