Cryptocurrency Could Gain New Ground in UK Gambling Sector
The UK Gambling Commission is investigating whether to allow the use of cryptocurrency for betting payments. This move aligns with the UK's broader initiative to establish a comprehensive digital asset regulatory framework.
Regulatory Timeline Unveiled
According to reports, the Financial Conduct Authority aims to finalize crypto-related regulations this year, with implementation expected by the end of 2027.
- Gambling operators may apply for crypto-specific licenses
- New policies will integrate with national digital asset oversight
Potential Industry Shift
Tim Miller, Executive Director of Research and Policy at the UK Gambling Commission, stated that this initiative forms part of wider digital asset regulation efforts, potentially transforming payment methods in the gambling sector.