“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor
The UK Gambling Commission (UKGC) has hit an online gaming operator with a huge fine. Genesis Global will pay £3.8 million (US$4.2 million) for breaking a number of the regulator’s rules. Genesis Global doesn’t seem to have someone on its staff capable of ensuring compliance with regulatory guidelines. The massive $4.2-million fine indicates serious failings. […]
“These innovations have the potential to disrupt finance, just as social media has disrupted communication, or online shopping has changed retail,” said Matt Hancock.