‍UK Gambling Commission Considers Crypto Payments for Betting

The UK Gambling Commission is evaluating the integration of digital currencies for licensed online betting. This move aligns with the Financial Conduct Authority's (FCA) development of a digital asset regulatory framework.

The commission seeks to establish regulated crypto payment options to protect consumers and steer them away from unlicensed platforms. Future crypto activities will operate under the Financial Services and Markets Act 2000 (FSMA), with entities requiring FCA authorization. The new licensing regime is expected to be fully implemented by October 2027.

https://cryptovka.com/news/uk-gambling-commission-explores-crypto-payments-for-betting