TechFlow news: On February 27, Bloomberg reported that the UK Gambling Commission plans to explore the possibility of allowing gamblers to place bets using cryptocurrencies—a move aligned with the UK’s ongoing development of a regulatory framework for digital assets. According to Tim Miller, Director of Research and Policy Implementation at the Gambling Commission, who revealed this in a speech on Thursday, gambling operators may become among the first institutions to apply for cryptocurrency licenses under the new regulatory regime, as the UK Financial Conduct Authority (FCA) is expected to finalize rules governing crypto-related activities by 2026.
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