According to TechFlow, the Australian government has banned gambling websites from accepting cryptocurrencies and credit card payments. Companies that fail to comply may be fined up to $155,000.
The new rules ban the use of digital currencies such as Bitcoin for online gambling in Australia, but lotteries are exempt from the restrictions. The gambling regulator has also been given expanded enforcement powers. The ban is being called an important measure to protect customers and help make it easier for people to control their gambling behavior.
