UK Gambling Commission Examines Crypto Payments Amid Regulatory Reforms

The UK Gambling Commission's review of crypto payments in the gaming industry is a response to proposed changes in the country's cryptocurrency regulatory framework.

As part of these reforms, cryptoasset activities will be brought under expanded financial services rules, which may lead to tighter oversight and more stringent compliance requirements for operators.

The UKGC's review is focused on assessing the risks and compliance considerations tied to crypto payments, particularly in light of proposed changes that would bring cryptoasset activities under expanded financial services rules.