🇦🇺 Australia's government is playing the "bad cop" by banning the use of cryptocurrencies and credit cards for online gambling. No more betting your Bitcoin on whether Elon Musk will tweet about Dogecoin today! 🚫🎰

Companies that don't play by the rules could face fines up to $155,000. The ban also includes credit cards linked to digital wallets and other new forms of credit. But hey, online lottery payments are still in the game. 💳🚫

Kai Cantwell, CEO of Responsible Wagering Australia, is all in for this move. He's even urging the government to go all-in and ban all forms of gambling. But will this lead gamblers to less-regulated platforms? 🤔

Crypto users, what's your take? Will this move protect citizens from financial risks or just push them towards riskier bets? Sound off in the comments! 🎙️👇

And remember, while you can't bet your crypto on Aussie online platforms, you can still gamble on the outcome of regulatory decisions like the approval of Bitcoin ETFs. Just don't bet the farm! 🏦🎲

#DeFi #Web3 #CryptoBan #Australia #OnlineGambling