Crypto At The Casino? UK Weighs Letting Online Bettors Pay With Digital Currency
British gamblers seeking to use cryptocurrency are often directed to illegal websites, a key reason the UK Gambling Commission is considering allowing licensed online platforms to accept crypto payments. Tim Miller, the Commission's executive director, stated that crypto is a top search term leading users to unregulated sites, suggesting that blocking it on legal platforms may push consumers toward riskier alternatives. The review, with no set deadline, will be conducted alongside the Financial Conduct Authority's new crypto oversight framework, expected in 2027. Strict conditions, including affordability checks and full regulatory compliance, would still apply to any crypto transactions.
bitcoinist03/01 08:52