4 • 1.5K Ratings
🗓️ 13 August 2024
⏱️ 28 minutes
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The government says it wants to make the UK a global hub for crypto firms. But with the NHS warning it’s being left to ‘pick up the pieces’ as people get addicted to crypto gambling, are Labour’s plans wise?
Our reporter visits one of the first clinics in the world, near Edinburgh, that is treating people who have cryptocurrency problems.
This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestory
If you’ve got any concerns about gambling, you can contact the national problem gambling charity GamCare's helpline on 0845 6000 133 or visit www.gamcare.org.uk for confidential support, advice and free counselling.
Guest: Lily Russell-Jones, Senior Money Reporter, The Times and The Sunday Times.
Host: Luke Jones.
Get in touch: [email protected]
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0:00.0 | From The Times and Sunday Times, this is the story. |
0:05.0 | I'm Luke Jones. |
0:07.0 | On a typically rainy summer's day my time's colleague Liddy Russell Jones went on a mission. |
0:21.0 | So I have just driven an hour outside of Edinburgh with my photographer Ewen and we've arrived at a gray building and it's quite imposing but it's surrounded by very peaceful fields countryside forest |
0:36.0 | mountains. We're coming up to the door there's a gravel driveway and outside there's a big pair of outlets which are |
0:46.8 | facing the door and then there's a large wooden door with a golden handle which we're about |
0:52.0 | to try and go through. This is Castle Craig |
0:56.1 | an addiction treatment center. My name is Christopher, I'm an addict and a composite gamb. I'm Geraldine I'm Geraldine |
1:06.2 | with an addict. I'm a composite gambler and then I'm probably. I'm whole and I'm home to almost everything. |
1:17.0 | Lily was there to investigate a new and growing problem. |
1:25.0 | Addictions to investing in cryptocurrency. |
1:28.0 | There are so many people starting to lose so much money which is putting you know a strain on the NHS |
1:36.7 | for instance but with labour talking about making the UK a crypto hub and the industry still largely unregulated |
1:45.0 | is this only going to get worse? |
1:47.0 | The story today, |
1:54.2 | today, the gambling addicts hooked on crypto. I'm Lily Russell Jones and I am a senior money reporter at The Times and the Sunday Times. |
2:13.0 | Describe this place you've been to recently. |
2:19.0 | Is it just outside Edinburgh? |
2:21.0 | So it's about an hour's drive outside Edinburgh into the countryside and it's a big gray stone |
2:26.5 | mansion and it's a treatment center for all types of addiction so it's a rehab clinic but they also specialize in |
2:34.9 | treating people who have become addicted to trading crypto and they're one of the |
2:38.4 | first places in the world to start doing that. |
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