Financial

Things change: Arguably the most powerful banker in the world reverses course on cryptocurrency

Jamie Dimon of JPMorgan Chase reviled cryptocurrency just 18 months ago as a “fraud” and “stupid”. Now, his bank is set to become the first U.S. bank to launch its own digital currency. If Blockchain combined with cryptocurrency can form the basis for a legitimized, self-contained, self sufficient ecosystem in the financial sector, could it do the same in the gambling sector? And won't that pose troublesome regulatory challenges?

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Veikkaus prepares for major changes in its operating environment, focusing on digital channels to compete with international competition

President and CEO Olli Sarekoski: ”In 2018 Veikkaus prepared for major changes in its operating environment. Gaming is shifting from the points of sale towards the digital channel, where Veikkaus also faces competition from foreign operators. Veikkaus must develop its operations to succeed in international competition. Succeeding in the competition and ensuring our ability to channel gaming also provide the basis for the exclusive right and its continuation. We want to be able to provide games responsibly even in the future, minimizing game-related harm and channelling gaming revenue to the benefit of Finnish people.

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