crypto – Gambling Legislation

UK Government Rejects Plan to Regulate Crypto as Gambling, Prioritizes Financial Regulation to Foster Crypto Hub Ambitions

August 6, 2023 Donnie KendrickLeave a Comment

The UK is at a crucial point in its endeavor to become a prominent crypto center while protecting investors and managing risk. In a landmark move, the government of the United Kingdom has categorically rejected legislative measures to regulate cryptocurrencies as gambling. Instead, it is intent on treating crypto assets as financial instruments, arguing that […]

More Clarity Needed for the Legality of Crypto Casinos

September 5, 2020September 2, 2020 Donnie KendrickLeave a Comment

It goes without saying that the crypto sector has had a revolutionary impact on several sectors across the globe. The gambling sector is one of the most notable beneficiaries thanks to the integration of blockchain as well as the use of digital currencies on gambling sites all around the world. In fact, financial and industry […]

US Financial Watchdog Sets Sight on Sports Betting & Crypto

August 15, 2019August 15, 2019 Donnie KendrickLeave a Comment

On August 12, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), the country’s main financial watchdog, held its 12th Annual Las Vegas Anti-money Laundering Conference. The theme of this year’s conference was “cooperation in an environment which is rapidly advancing on many technological fronts”. This year, Kenneth Blanco, the Director of FinCEN, focused on […]