Bitcoin Gambling Approved in Isle of Man by Regulator

Bitcoin Gambling Approved in Isle of Man by Regulator

The Isle of Man’s Gambling Supervision Commission (GSC) and Treasury have approved changes to the island’s gambling regulation that allow virtual currencies like Bitcoin to be accepted as cash, according to a report from the GSC’s Mark Rutherford, deputy chief executive. The regulation, called the Gambling Regulation Package 2016, includes other changes, such as expanding voluntary gambling controls that an operator can offer players. The suggested changes remain subject to approval by government drafters, the report noted, although any deviations will be in wording rather than intent. The....


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