April 6, 2022
The UK Treasury has initiated wider plans to establish a regulatory framework to govern cryptocurrency, in which it has outlined its objective to make Britain a hub for digital payments. The UK government seeks to regulate certain stablecoins in order to elevate confidence and security within cryptocurrencies and further digital transactions. Chancellor Rishi Sunak stated: “It’s my ambition to make the …
Read More »July 26, 2019
The UK Gambling Commission (UKGC) has supported the publication of the government’s new ‘Economic Crime Plan 2019-2022’, setting out the UK’s strategic priorities and agenda for combatting economic crimes threatening UK industry. Established by new government task force the ‘Economic Crime Strategic Board’, and backed by the UK Treasury and Home Secretary, the crime plan covers ‘7 priority areas’ for …
Read More »June 15, 2018
The Times has this morning reported, that the UK government will delay its implementation of an industry-wide £2 FOBT machine stake reduction until April 2020, citing that the UK Treasury has struck a ‘backroom deal’ with betting leadership. Last May, UK Culture Secretary Matt Hancock confirmed the government’s decision to reduce FOBTs wagering levels to £2 limit, stating that the …
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