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Crypto Trading: UK Suggests Gambling Regulation
In a House of Commons Treasury Committee report titled “Regulating Crypto”, the UK Treasury Committee has provided analysis of the crypto landscape, acknowledging both the potential benefits and risks of cryptoassets. However, the contents may concern many in both the crypto and gambling industries, particularly regarding crypto trading. Promise of Cryptoassets The report highlights the […]
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Isle of Man Online Gambling Advertising Regulations
The Isle of Man’s Online Gambling (Advertising) Regulations 2007 (“the regulations”) provide the legislative framework alongside the Online Gambling Regulation Act 2001 (“OGRA”), for how Isle of Man licenced operators can promote their services. The regulations came into effect on 31 August 2007, replacing the previous 2001 regulations, in ensuring advertising for online gambling services […]
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Google’s Online Gambling Advertising Policies
Emma Shilling, Head of Compliance for SolutionsHub, provides a summary of Google’s online gambling advertising policies. Introduction to Google’s Gambling Advertising Policies As a responsible organisation, Google’s policies suggest its support of ethical gambling advertising and adherence with local gambling laws. Understanding the key aspects of Google’s policies will help you navigate online gambling advertising […]
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Complexities of Online Gambling Affiliates
Online gambling affiliates are integral to the growth and success of gambling operators, but navigating the complexities of this sector comes with unique challenges and opportunities. Esteban Gamboa, a 20-year veteran of the online gambling industry, explores gambling affiliates, the regulatory landscape, and the importance of compliance in maintaining a sustainable and profitable affiliate business. […]
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China to Train 500k Blockchain Professionals
China has launched a national blockchain research centre in Beijing, with an ambitious goal to train 500,000 industry professionals. The facility, authorised by the Ministry of Science and Technology, intends to collaborate with educational institutions, research institutes, and businesses to cultivate talent and bolster China’s digital economy, as reported by Xinhua. The China Blockchain Research […]
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UK Gambling Commission Gears Up for Regulatory Changes Following White Paper Release
The UK Gambling Commission has swiftly turned its attention to implementing the recommendations set out in the Gambling Act Review White Paper. In a recent blog post published on 3 May 2023, Tim Miller, Executive Director for research and policy at the UK Gambling Commission, provided valuable insights into the Commission’s plans for the White […]
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EU Parliament progresses AI Act with crucial committee approval
Key Parliamentary Committees Approve AI Act The AI Act received approval from key parliamentary committees in the European Parliament on 11 May, advancing towards plenary adoption in mid-June. The legislation aims to regulate Artificial Intelligence based on its potential to cause harm. The Civil Liberties and Internal Market committees adopted the text with a large […]
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Navigating the Complex World of Online Gambling Licensing
According to MarketsandResearch.com, the online gambling industry reached $81.08 billion in 2022 at a compound annual growth rate of 10.4%. However, behind the scenes, there’s a complex web of licensing and regulation that keeps the industry running smoothly and ensures a safe and fair experience for all. Steven Welsh, Director of Governance for SolutionsHub, discusses […]
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Introduction to Indirect Banking in the Crypto Industry
Esteban Gamboa, Senior Compliance Officer for SolutionsHub, discusses the role, benefits, and challenges of banking intermediaries for the crypto sector. The sector has encountered substantial obstacles in accessing conventional banking services. Regulators warnings and failures have made many banks hesitant to collaborate with cryptocurrency clients. However, some intermediaries have emerged to assist, enabling banking services […]
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The Importance of Compliance and Responsible Gambling in the Online Gambling Industry
As the online gambling industry continues to evolve, compliance and responsible gambling have become critical focal points for operators. Emma Shilling, Head of Compliance for SolutionsHub, discusses the intricacies of anti-money laundering (AML), combating the financing of terrorism (CFT), and responsible gambling trends, and highlights their significance in maintaining the integrity of the industry. AML […]
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Digital Yuan Update: Bank of China drafts BNP Paribas to enhance Digital Yuan
BNP Paribas, a French banking leader, is joining forces with the Bank of China (BOC) to facilitate the use of China’s digital currency, the digital yuan (e-CNY), among its corporate clients, as reported by the South China Morning Post. This partnership is a signifiant milestone since China’s Central Bank spearheaded a pilot of the digital […]
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What is a Central Bank Digital Currency?
Imagine a world where digital currencies are not just an alternative to the traditional financial system, but a core part of it. Picture a reality where digital transactions are seamlessly integrated into your everyday life, and you can perform them with ease and security. This is the promise of Central Bank Digital Currencies (CBDCs), an […]
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