What is crypto gambling?Ĭrypto gambling is a type of online gambling that uses virtual currencies as a means of payment. To help with this task, Sumsub has prepared this article to discuss crypto gambling regulations in the US, UK, and Canada, with examples from several countries. Gambling companies accepting virtual currencies need to ensure they comply with all the requirements of the countries they operate in.
Users who prefer virtual assets instead of traditional currencies can now easily use them in many countries for gambling purposes. One of the latest additions to the market are crypto payment mechanisms. Despite this, the industry is constantly developing new ways to make the lives of its users easier, while still complying with regulations. The gambling market is highly regulated across the world.
