More Fines and Regulatory Action from the Gambling Commission

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This bit is quite interesting:

  • Having a risk assessment which did not take into account the risk of allowing customers to use a payment provider which also acts as an exchange for crypto-currencies.
So are they saying crypto-currencies are a no for UK customers, even going forward?
 
I don’t think it’s saying crypto is banned, more that if you’re going to allow it (or even indirectly allow it), then you must have procedures in place to ensure the source of the funds is legitimate.
 
This bit is quite interesting:

  • Having a risk assessment which did not take into account the risk of allowing customers to use a payment provider which also acts as an exchange for crypto-currencies.
So are they saying crypto-currencies are a no for UK customers, even going forward?
Quite likely as the paedo pennies are a great tool for fraud, theft, lack of accountability and obfuscation of funding sources - and that's before we get on to unlicensed gambling....
 
And if I legitimately mined my pedo pennies, should they would they accept my electricity bill as a source of funds?
Depends on whether you bypassed the meter or not. :D
 

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