The UK Gambling Commission is set to explore the use of cryptocurrency for betting payments, aligning with the UK's broader digital assets regulatory framework. This initiative comes as the Financial Conduct Authority is expected to finalize its crypto asset regulations this year, with implementation planned by the end of 2027. UK gambling firms may soon apply for licenses to operate crypto-related businesses under the new rules. Tim Miller, Director of Research and Policy Enforcement at the UK Gambling Commission, stated that this exploration will be part of the wider regulatory process for digital assets.
UK Gambling Commission to Evaluate Crypto Payments for Betting
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