Wondering if crypto betting is legal in Australia You’re not the very first individual to have these issues.

We’ve collected the most vital details on the subject listed below:

Legal: Gambling, Crypto
Unlawful: Online Gambling

As per the Interactive Gambling Act 2001, online gambling establishments, in-play sports wagering, sports wagering services that do not hold an Australian license, and banking on the result of a lotto are prohibited.

Even marketing online betting is unlawful in the nation. Controling retail gaming is carried out on a state and area level, which is why there’s no consistent gaming policy in the nation.

The nation does not have a particular set of laws for crypto betting at this point in time.

Australian state regulators that concentrate on cryptocurrencies are the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Taxation Office (ATO).

According to the law, cryptocurrencies are viewed as possessions, not currencies, and undergo commitments under the Corporations Act and ASIC Act.

A brand-new crypto licensing program in Australia is anticipated quickly.