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Latest FCA guidance is prompted by Libra and hints that crypto is here to stay

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Latest FCA guidance is prompted by Libra and hints that crypto is here to stayReading Time: 2 minutes

 

The introduction of Facebook Libra has increased the pressure on regulators to take a closer look at cryptocurrencies, according to an industry expert.

The Financial Conduct Authority has moved to “provide clarity” on crypto with the publication of its latest guidelines on cryptoassets.

Nick Wright is a director at SolutionsHub, a company specialising in blockchain regulation and licensing. He said the latest FCA update was a sign that digital technology is increasingly being taken seriously by the authorities.

He said: “My personal opinion is that the recent announcement by Facebook regarding the introduction of Libra is putting pressure on regulators to examine, review and form positions on their own appetite to regulate (or not) digital assets and tokens.

“There is an argument to say that the additional clarity offered by the UK FCA should be considered as an acceptance that digital assets are here to stay and that regulation will at some point try to adapt to market sentiment and new technologies.”

When is a token not a token?

Christopher Woolard, executive director of Strategy and Competition at the FCA, said the guidance “will help clarify which cryptoasset activities fall inside our regulatory perimeter.”

The latest guidance (PS19/22) deems Bitcoin and Etherum ‘exchange’ tokens, meaning they do not fall within the FCA’s remit. However, other forms of tokens do.

Mr Wright said: “Whilst Bitcoin and Ethereum have been classified as ‘exchange tokens’, and therefore outside their remit and scope, other digital tokens/assets have not been so lucky. 

“Security and utility tokens will be captured and regulated in some form with the former considered ‘digital assets that provide rights and obligations akin to shares or debt instruments’.

“The issuance of utility tokens, depending on their nature and structure, may meet the definition of e-money in certain circumstances. These tokens will also likely fall under the umbrella of the European Union’s 5th AML Directive which is being merged into UKL law in the latter stages of 2019.

“PS19/22 also provides recommendations for wallet providers, exchanges and trading platforms and that an updated e-money token category, falling within the E-Money Regulations, should be created.

“Despite the recent publication of PS19/22 the UK FCA have already conceded that further clarity will be required for actors and operators within the sector so as to ensure that regulations are clear and that no laws are being contravened.”

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Latest FCA guidance is prompted by Libra and hints that crypto is here to stay

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Red Rake Gaming releases Super 60 Stars, the newest slot in its successful Super series

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Red Rake Gaming has released Super 60 Stars, the latest addition to its acclaimed Super series, now available to all partner operators.

This new release retains the fast-paced gameplay and wide variety of features that have made the series one of the most popular in the iGaming industry, while also introducing an exclusive new addition that adds even more excitement to the game.

The new feature in Super 60 Stars is the “Super 60 Stars” symbol, which can appear anywhere on the reels and trigger the brand-new “Super 60 Gold X” minigame. In this minigame, players can land the “Super X” symbol to multiply the value of the silver coins and accumulate big wins through the gold coins. On top of that, the “Super 60 Coins” system brings the familiar “Minor, Major and Grand” prizes, offering great win potential.

The game also includes some of the most successful features from previous titles in the series, such as “Sticky Wins” and progressive multipliers triggered by the “Super 25 Stars Wild” symbol, as well as the “Crystallize Symbols” and “Lucky Multipliers”, with multipliers of up to x50, and the «Star Fusion Minigame», which merges symbols for bigger rewards.

Other popular features also make a return, including the “Super 10 Stars Mini-Slot” and the “Frenzy Wheel Minigame”, with multipliers of up to x100, plus expanding Wilds with Respins, the “Wheel Bonus”, and “Free Spins”.

With its polished design, fast-paced gameplay and broad variety of features, Super 60 Stars strengthens the appeal of an already established series and stands out as a key release for operators looking to offer high-performing, differentiated content to their players.

Now available across all Red Rake Gaming partner casinos, as well as through its renowned tournament tool.

For additional information please contact: [email protected]

The post Red Rake Gaming releases Super 60 Stars, the newest slot in its successful Super series appeared first on European Gaming Industry News.

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GAMSTOP reports record registrations in 2025

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  • 44% increase in under 25s choosing to self-exclude from gambling
  • Younger consumers choosing six-month exclusion to manage their gambling
  • New chair Chris Pond to take up post in September

GAMSTOP, the national self-exclusion scheme for online gambling, has reported a 19% increase in registrations in 2025, with monthly registrations breaking all previous records twice in successive months.

The increase in registrations has been driven by younger consumers, aged 16-24, with self-exclusions increasing by 44% year-on-year in the first six months of the year. Four out of ten are choosing to exclude for the minimum six-month period, up from 36% in the previous year which could mean they are using GAMSTOP as a flexible, preventative tool to manage their gambling, though more research is needed to understand patterns of behaviour.

With self-exclusion at record levels, the Gamstop Group has announced its new chair will be Chris Pond, who replaces the outgoing Chair Jenny Watson CBE in September after her seven-year stint. Mr Pond is highly experienced in financial services and has worked across the public, private and non-profit sectors.

He is currently Chair of the Money and Mental Health Advisory Board and the Financial Services Consumer Panel at the Financial Conduct Authority. He has previously chaired the Financial Inclusion Commission, served as the CEO of two national charities and was a Work and Pensions Minister during his eight years as a Member of Parliament.

Since GAMSTOP’S inception in April 2018, nearly 600,000 vulnerable consumers have registered for the service and self-exclusion is continuing to increase at record rates. In April 2025, a record 10,281 consumers registered with GAMSTOP – the first time the monthly figure had ever topped 10,000 –and Monday April 7th, two days after the Grand National, was the busiest ever day with 437 registrations. However, the monthly record was eclipsed in May, with 10,344 new registrations.

The 2025 data reveals a growing preference for six-month exclusions across all age groups, a 29% year-on-year increase. However, the maximum five-year exclusion remains the most popular amongst all age groups, except under-25s and currently accounts for nearly one in two of all exclusions (47%). Since 2018, 53% of all registrations have been for the maximum five-year period.

GAMSTOP introduced a new ‘5 years with auto-renewal’ exclusion in December 2024 for vulnerable consumers looking to extend their exclusion from gambling websites and apps. The new 5 -year auto-renewal option was developed in direct response to feedback from users and the take-up has been high, with nearly half of those registering for a five-year exclusion choosing this option.

New registrations – H1 2025

16-24 25-34 35-44 45-54 55+
6 months 39% 27% 23% 21% 22%
1 year 26% 26% 23% 22% 22%
5 years 35% 47% 54% 57% 56%

 

Registrations – all time

16-24 25-34 35-44 45-54 55+
6 months 33% 23% 20% 20% 20%
1 year 26% 23% 22% 21% 22%
5 years 41% 54% 58% 59% 58%

 

Fiona Palmer, CEO of GAMSTOP, said:Our data shows a significant spike in the number of younger consumers who are GAMstopping to manage their gambling, and this has driven the record registrations in 2025. They are increasingly choosing six-month exclusions, which suggests that GAMSTOP is being used as a tool to allow them a break from gambling. We have worked very hard to increase awareness of GAMSTOP amongst younger consumers and to destigmatise the use of self-exclusion. We want them to realise that GAMSTOP can be used as a preventative tool alongside other solutions, giving them breathing space to take back control”.

 

The post GAMSTOP reports record registrations in 2025 appeared first on European Gaming Industry News.

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STAKE SIGN FOOTBALL LEGEND PATRICE EVRA AS GLOBAL AMBASSADOR

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Betting giants, Stake has today confirmed that former Manchester United and Juventus legend, Patrice Evra, has signed a deal to become a Global Ambassador for the brand.

Evra is the latest football legend to partner with Stake, joining fellow Premier League icon, Sergio Aguero as part of the Stake family. The former left-back enjoyed a trophy laden career, winning 17 major titles, including the UEFA Champions League, and five Premier League titles as part of an iconic Manchester United squad.

Evra’s larger than life personality has seen him remain a source of great entertainment since his retirement. Now considered a respected pundit, Evra has become known for his strong opinions and sharp wit.

Patrice Evra commented:“I am so excited to be working with Stake, and joining the family. They are such a fun and exciting brand who are at the top of their game, and to be joining their team of iconic Ambassadors is a privilege.

“I am a massive MMA fan, and Stake is a brand that everyone thinks of when it comes to the sport. To be on the same team as MMA Champions is great, and also to have a former rival from Manchester City, Sergio Aguero, now on my team, is fantastic.”

Akhil Sarin, Chief Marketing Officer at Stake, said: “Patrice is a footballing icon and one of the best players to ever play in his position. As much as his incredible credentials, we love his eccentric, larger than life personality and his strong opinions on the beautiful game. We see great synergy between Patrice and the Stake brand, and are really looking forward to what will be a great partnership.”

 

The post STAKE SIGN FOOTBALL LEGEND PATRICE EVRA AS GLOBAL AMBASSADOR appeared first on European Gaming Industry News.

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