Isle of Man Gambling Commission Plans Bitcoin Changes
Key Takeaways
  • The Isle of Man Gambling Supervision Commission (GSC) has opened a consultation period to consider a change to regulation that would ease licensees accepting deposits via Bitcoin and other electronic currencies.
  • Among six changes to its regulatory system proposed for 2016 is a suggestion that the wording of regulations be altered to allow for new account signups to be made via virtual currency.

The Isle of Man Gambling Supervision Commission (GSC) has opened a consultation period to consider a change to regulation that would ease licensees accepting deposits via Bitcoin and other electronic currencies.

Among six changes to its regulatory system proposed for 2016 is a suggestion that the wording of regulations be altered to allow for new account signups to be made via virtual currency.