The post UK Gambling Commission to Allow Crypto for Betting appeared first on Coinpedia Fintech News
The UK Gambling Commission is exploring allowing cryptocurrency payments for bets, starting discussions on how digital assets could be used by licensed gambling operators in the country. This move comes as the Financial Conduct Authority advances its digital asset regulatory framework, with new crypto rules expected to take effect by October 2027, and could open the door for gambling firms to seek crypto‑related licences under the updated regime. Regulators say the change could help protect consumers and reduce illegal gambling, though challenges like anti‑money laundering checks and crypto volatility remain key concerns.