The UK Gambling Commission (UKGC) is considering the options of using cryptocurrency for payments, as the new crypto rules in Great Britain may very soon become a reality. Later on, the regulator made the topic of discussion with its Industry Forum through communication, gathering people’s opinions on it.
At the BGC Annual General Meeting held on February 26, Tim Miller remarked on a plan to set down new rules on crypto assets in a formal way.
The new regime is a part of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, which was laid in Parliament in December 2025 and is expected to put cryptoassets under the regulatory supervision of the FCA. In case of parliamentary approval, such a new regulatory framework would be applicable as of October 25, 2027.
In his talk, Miller noted that the new regime requires any firm wishing to carry out cryptoasset-related activities to be FCA-authorized. He also pointed out that it would bring about a number of changes for the gaming industry.
Moreover, we don’t only see the growing urge of punters; that’s why we do now want to start looking at what the potential path forward would be to create a way for cryptoassets to be used as a consumer payment option for licensed and regulated gambling in Great Britain.
As a “tentative first step”, Miller pretended to have asked the Industry Forum about its opinion. Besides, he shifted the question to the forum members what they think the regulation of cryptoasset payments in legal gaming might be like.
Miller made it clear that he wouldn’t fix any date or timelines to get a definite plan, as it would be of no help to anyone. Nevertheless, he stressed that the UKGC is fully aware of the demand for crypto payments in regulated gaming and is now figuring out the most appropriate way to respond to this demand.
Miller further admitted that the main cryptocurrencies are still at the core of the biggest illegal gambling websites, and therefore, he is quite determined to look into the major challenges and risks of potential crypto adoption in gaming payments.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.