Industry Braces For Double Tax Hike
UK-facing gambling companies are bracing themselves for a double whammy in next week’s Budget with Chancellor Philip Hammond (pictured above) tipped to increase their overall tax burden despite new restrictio...
‘No Justification’ For Delay Over New FOBT Regulations
Chancellor Philip Hammond is under pressure to scrap plans to delay the introduction of the new Fixed Odds Betting Terminal (FOBT) maximum stake rules until 2020, with the All Party Parliamentary Group on the...
Almost Two Thirds of UK IT Companies Have Been Crypto-Jacked
Market research in the UK has found that almost two-thirds of IT companies have experienced crypto-jacking attacks.
80 percent attacked in the last six months
The survey asked 750 IT executives across the...
Councils Slam Bookies Over FOBT Delay
Council chiefs claim that an extra £3.6bn (€4.1bn/$4.8bn) could be wagered on fixed odds betting terminal (FOBT)s over the next two years if there is a delay in the implementation of a maximum stake reduction...
eToro to Open Cryptocurrency Trading Desk in London
eToro, a broker that offers cryptocurrency trading in addition to foreign exchange, is going to set up a new over-the-counter cryptocurrency trading desk in London, according to Business Insider.
Over-the-co...
UK Government Slammed For Delaying FOBT Curbs
The opposition Labour Party has accused the UK government of being “fundamentally weak” after it emerged that the introduction of curbs on controversial fixed-odds betting terminals (FOBTs) would be delayed u...
FCA: Banks Should Apply ‘Enhanced Scrutiny’ on Cryptocurrency Customers
The financial watchdog of the UK, the Financial Conduct Authority (FCA), has sent a letter to the CEOs of banks entitled ‘cryptoassets and financial crime’.
Recipients are told that given the emerging eviden...
Jefferies Adds Two FX Veterans to London Office
Jefferies, a major global securities,and investment banking firm, has bolstered its foreign exchange business in Europe with the appointment of Rob Malin and Dan Hart in London’s e-FX sales, per an FXWeek r...
XTB UK Appoints Suraj Patel as Head of Compliance
XTB UK, the FCA-regulated arm of Publicly listed Polish FX and CFDs brokerage XTB, has appointed Suraj Patel to the post of head of compliance, following a career of over ten years in the financial industry.
...
UK’s Largest Crypto Firms Implore MPs to Regulate
Led by self-regulating body CryptoUK, the British blockchain industry is reportedly urging members of parliament to back their plans for government regulation. CryptoUK’s plans for regulation were laid out in...
