30 Apr The Regulation of Crypto Gambling Around the World
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Different approaches are applied when it comes to crypto betting and gambling in different countries. But the clearest stance on this is taken by Japan, and we know their history with cryptocurrency.
Recently, a new set of regulations on crypto assets as it affects custodians and exchanges were passed by the house of representatives of Japan, and the regulations are named the Financial Instruments and Exchange Act and the Payment Services Act. Meanwhile, the crypto gambling sector of the country is still strictly regulated. As cryptocurrencies have become a staple of online transactions, we expect laws to become more lenient around crypto gambling, especially for gambling sites based on computer gaming, such as CSGO crash where cryptocurrency is one of the prime methods of transactions when playing games such as match betting and even roulette.
Gambling in Japan is hugely regulated, and…