Bitcoin Gambling In the UK - Current State of Play

Bitcoin Gambling In the UK - Current State of Play

Bitcoin is on the rise! What was once a geeky, non-viable online currency is now set to revolutionize the way players, including UK online casino fans, gamble online. It is not physical currency; it is an electronic currency that exists in the virtual world and is not controlled by any government or financial authority, like a bank. With advances in Bitcoin, everyone's getting into it, from your neighbor to your work mates and even the guy serving pints down at the pub.

Not too many casino operators accepted Bitcoin initially. However, over the years more and more casinos are accepting them. You'll find quite a few UK online casino operators accepting Bitcoin, mostly because of the changing attitude that the United Kingdom Gambling Commission (UKGC) has shown with regard to the legality of Bitcoin usage.

Before discussing the UK Gambling Commission's stance on the use of Bitcoin at online casinos here are some basic facts about this new and enigmatic currency that is making its presence felt in the UK online casino industry.

Until recently, legal gambling with Bitcoin was not possible in the UK but this is slowly changing due to amendments in gambling legislation

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