UK regulators propose allowing cryptocurrencies for gambling payments

2026-02-27 11:31:22

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On February 27, Bloomberg reported that the UK Gambling Commission is planning to assess the feasibility of allowing gamblers to use cryptocurrencies for betting payments. This move is aligned with the UK’s efforts to develop a digital asset regulatory framework. The Financial Conduct Authority is expected to finalize regulations related to cryptocurrencies this year, with plans to officially implement them by the end of 2027. British gambling companies may be able to apply for crypto licenses under the new regulatory system in the future. Tim Miller, Director of Research and Policy Implementation at the UK Gambling Commission, stated that this exploration will be part of a broader digital asset regulation process.

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