How Crypto Gambling Is Regulated Around the World

The country's crypto gambling industry still endures strict gambling regulations.

While Prime Minister Shinzo Abe has introduced such pro-casino legislation as part of his overall growth strategy, Japan has not been so welcoming of crypto gambling.

Cryptocurrency gambling in Japan isn't as prevalent as one would think given the country's track record of implementing cryptocurrency regulations early, which is perhaps due to its experience with the collapse of Mt. Gox, a Japanese-based crypto exchange that went bankrupt in 2014.

Off-chain cryptocurrency gambling involves physical and online casinos accepting cryptocurrency, mostly Bitcoin, as a deposit method into an internet casino account.

Crypto gambling website casinos often ban IP addresses, preventing access from certain countries.

On-chain casinos and other more decentralized or distributed methods of online gambling are not entirely immune to the effects of government regulation either, as we've seen with Tron's refusal to show gambling dapps to Japanese users, as reported by Cointelegraph.

While most countries have official regulations in place regarding online gambling, only a handful of nations regulate crypto gambling.

In the U.K., numerous online gambling platforms and service providers accept cryptocurrency.

While the U.K. Gambling Commission allows Bitcoin gambling, it also issued a warning on its website against untrustworthy service providers.

Despite the numerous regulatory and technical challenges faced by successful adoption in casinos, the world's gambling industry is becoming increasingly friendly to cryptocurrency.