Crypto Assets Unscathed in UK’s New Gambling Reforms

Despite sweeping changes in the 244-page UK’s recent gambling proposal, crypto will face no new restrictions.

Man in a top hat, playing with cards in the middle of a casino.
Created by Kornelija Poderskytė from DailyCoin
  • A new UK gambling white paper revealed recent changes to gambling regulations.
  • The document was expected to reveal the legislation’s impact on crypto. 
  • The Gambling Commission will continue its current monitoring of the crypto-gambling sector.

As the UK pushes for sweeping regulation in the crypto space, a segment of the crypto industry is paying attention to an adjacent legislative initiative. Britain’s new gambling reform white paper has been released, providing an updated framework for the gambling industry. 

Crypto firms are closely examining how the new regulation would impact crypto in gambling. Despite the growing popularity and innovation in online crypto games, the regulation appears to leave crypto assets untouched.

Crypto Regulations Unchanged in New Gambling White Paper

The landmark 244-page document, which outlines the proposed reforms for the gambling sector, is the first of its kind since the initial Gambling Act of 2005. 


Before its introduction, industry participants awaited to see how the new regulations would tackle the use of crypto in online gambling. However, the UK government has decided to maintain the status quo. 

The white paper will impose no further restrictions on using crypto-assets in the gambling sector. Operators are still allowed to accept crypto-assets as payment, provided they comply with the requirements issued by the Gambling Commission. 

Before coming to office, Prime Minister Rishi Sunak expressed his ambition to make Britain a “global hub” for crypto. 

On the Flipside

  • The United States and many other jurisdictions have demonstrated a less than favorable approach to crypto regulation. 
  • Earlier this year, the Basel Committee, a consortium of global financial regulators, called for banks to limit the risks of crypto assets.

Why You Should Care

Without new and potentially more stringent regulation, UK’s crypto gambling industry will soon have one less issue to worry about. This will likely reflect positively on gambling tokens.


Read about the psychology underlying trading and gambling: 

Trading Vs Gambling: Same Psychology, Different Outcomes

Read about the latest trends in venture capital investment in crypto: 

Venture Investment in Crypto Drops to New Low: Report

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.