verance wrote: ↑Fri Apr 02, 2021 10:07 amWould a crypto exchange not be forced into the same regulatory framework?Dim wrote: ↑Thu Apr 01, 2021 9:02 pmFuture of Betfair.
Obviously with more and more regulation of the industry (possible affordability checks/min. loss per month) + stricter KYC etc. trading and/or betting is not going to become easier in the near future.
My dream is to have a similar to BF in size exchange, where anyone can deposit cryptocurrency .Convert it there to say USDT or any other stable coin and trade/bet that way. No checks, nothing. Then easily withdraw. Crypto sports exchange on stable coin.
Only imagine, how this could drive competition, BF service is not getting better(frequent outages) for example. Lack of investment in the exchange infrastructure is crystal clear.
That are your views ? Will cryptocurrencies change the sport betting markets operate?
Tax would apply to cryptoassets when cashing out.
https://www.gov.uk/guidance/check-if-yo ... yptoassets
HMRC talk about tokens...they mean cryptoassets