Joe Biden’s administration has recently announced that they will look to create a national policy for the use of cryptocurrency in the United States of America; a move that has been greeted with positive reaction by the gaming industry.
The President had signed the executive order last week, in which it would task multiple agencies with examining all of the risks and benefits that are posed by utilizing digital assets, with the Treasury Department and the Commerce Department two of the agencies involved in the process.
Indeed, the gaming industry is traditionally rather quiet when it comes down to matters that have been made at the federal level, however they have actually opted to be rather vocal about this move and appear to have put their full support behind the plans.
Writing in an email, the CEO of the American Gaming Association (AGA), Bill Miller stated: “We welcome President Biden’s directive for the administration, and in particular Commerce and Treasury, to review the current state of cryptocurrency and develop guidance for businesses. The casino gaming industry continues to innovate to meet customers’ expectations but must do so with certainty and clear guidance on regulatory obligations.”
AGA has been spending recent efforts on modern payment options
The AGA has recently placed a lot of its focus and recent efforts on providing gamers with the opportunity to use modern payment options within online casinos. The trade organization based out of Washington D.C. has continued to introduce the growing use of mobile wallets and cashless gaming technology.
However, following the relationship between them and the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) that has since been brokered recently, it seems crypto could become an accepted payment in the near future.
Of course, there has been a significant rise in the number of crypto casinos online that are being offered to…
