Overview
- Executive director Tim Miller told the Betting and Gaming Council AGM that the Commission has tasked its Industry Forum to map practical safeguards, including compliance, reporting, identity checks and source‑of‑funds controls.
- The review remains exploratory with no decisions taken and no implementation timetable set by the regulator.
- Under the FCA’s planned regime, licensed operators could seek authorization that permits taking cryptocurrency payments directly.
- Regulators say a regulated option could draw customers away from illegal offshore sites that already accept digital assets.
- Miller cautioned that assessing payments does not equate to blessing existing crypto casinos, which would likely fail UK suitability and KYC tests if they have operated unlawfully.