Bitcoin SuperSplit: ‘Wild West’ trading sites and crypto casinos raise scam fears

” Crypto is characterised as the Wild West of monetary markets at the minute– even though United States regulators have been attempting to rein in the sector their attempts have actually been underwhelming,” stated Carol Alexander, Professor of Finance at the University of Sussex.” Other emerging trends consist of crypto casinos, which enable users to gamble bitcoin, Ethereum (ether) and other cryptocurrencies in relative anonymity.Even classic video game firm Atari has actually been drawn in by the potential of profitable revenues, revealing a crypto casino previously this year.” Neither the UK nor European regulators have actually started to get to grips with crypto regulation … So actually the obligation falls upon the US to get this right and reveal the way for others to follow.”