Debt Talk: Crypto assets and gambling on Debt Talk (Jan 2023)

As we start the new year, on Debt Talk Ripon Ray speaks about a subject fairly new to the debt sector. In this episode, he speaks about: ‘Crypto assets, gambling and debt’. Experts from a variety of sectors who gave an overview of the interlink between crypto assets, gambling and debt.

Ismail Malik - Editor and Founder of BlockchainLab - gave an overview of cryptocurrency and the reason for the initial success of such an asset, and the types of people who are leading the campaign to normalise crypto in Britain and in other countries. He argues that they are generally proponents of innovative technology and deregulation.

Kathy Wade - Manager of Money Guidance Service Manager at GamCare - explored the general behaviours of gamblers and how gambling may impact individuals and their family members. She highlighted strategies that they could use to divert their attention away from gambling harm. She admits that further exploration is needed in this area to support individuals who are being harmed by crypto.

Vanessa Northam - Head of Charity Development from StepChange Debt Charity - emphasised the importance of early intervention whilst exploring the need of working in collaboration with gambling and financial regulators and other groups to develop strategies to solve gambling and debt problems.

You can also catch up on Ripon Ray’s previous Debt Talk where he speaks with industry leaders about issues related to Debt.

Next month, Debt Talk is going to speak about: ‘Council Tax, debt and enforcement’

If you want to get in touch with Ripon Ray to speak about Debt related issues: ripon.ray@yourdoctordebt.com

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