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The UK Gambling Commission is considering allowing cryptocurrency payments for bets
Svmuu News: The UK Gambling Commission plans to explore the possibility of allowing gamblers to use cryptocurrency to place bets, a move consistent with the digital asset regulatory framework currently being developed in the UK. According to Tim Miller, the Gambling Commission’s Executive Director of Research and Policy, who spoke at an event on Thursday, as the UK’s Financial Conduct Authority (FCA) is expected to establish rules for crypto activities by 2026, gambling companies may be among the entities applying for crypto licenses under the new regulatory regime.
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