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The UK Gambling Commission is preparing to examine whether cryptoassets could be introduced as a payment method for licensed gambling operators, marking what officials describe as an exploratory but significant development in the regulator’s approach to innovation and consumer protection.   Speaking at the Betting and Gaming Council’s annual general meeting, Tim Miller, Executive Director of the UK Gambling Commission, confirmed that the regulator will assess how cryptoassets

The UK Gambling Commission (UKGC) has launched a consultation on whether the destination of regulatory settlement payments made by licensed betting operators should be revised, potentially marking a significant shift in how such funds are handled.   The consultation, which is open until 2 April, focuses on a proposed amendment to section 2.39 of the UKGC’s Statement of principles for determining financial penalties. At present, money paid by operators as part of regulatory se