According to Odaily, the Australian government has introduced new regulations prohibiting the use of cryptocurrencies such as Bitcoin for online gambling in the country. However, these restrictions do not apply to lottery games. Gambling websites that accept cryptocurrency payments could face fines of up to $155,000. This ban is being referred to as a significant measure to protect customers, making it easier for individuals to control their gambling behavior. The new rules are part of the government's efforts to regulate the use of digital currencies in various sectors, including online gambling. The move is seen as a step towards ensuring consumer protection and promoting responsible gambling. The hefty fines for non-compliance indicate the government's seriousness in enforcing these regulations.
