UK Gambling Regulator Clarifies Digital Currency Rules
The UK's gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a definition under which digital currencies are captured. The policy change appears to have occurred largely without fanfare, to date drawing only recent interest from gambling industry news sources such as Esports Observer. Though short on details, the UKGC advises that the intention of the updated language is to protect consumers and....
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