Australia to ban cryptocurrency gambling | Bitcoin Conference Australia
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29
May2018

Australia to ban cryptocurrency gambling

Australia to ban cryptocurrency gambling

The Australian regional regulatory body plans to ban cryptocurrency gambling. According to Bitcoin.com, the institution is against the appearance of cryptocurrency on the Australian gambling web sites.

The head of the Northern Territory Racing Commission (NTRC) says the regulator has already made an informal statement addressing bookmakers and betting exchange operators demanding to cease transactions involving digital currencies immediately.

The step was taken soon after the Australian gambling website Neds launched a platform intended for placing BTC bets. Neds was also planning to add altcoins to the site.

Currently, the website is offline waiting for further instructions from the NTRC. Meanwhile, Neds keeps offering its Australian customers online betting services in fiat.

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