UK Gambling Laws Explained: A Complete Guide for 2026

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Legal Disclaimer

This article is provided solely for informational purposes and should not be construed as legal counsel. Please consult your attorney for advice regarding any specific issues or concerns.
Using this article or any associated links does not establish an attorney-client relationship. The perspectives expressed by the author do not necessarily reflect the views of the firm or any individual attorney.

The United Kingdom is among the most active gambling markets worldwide, with around 43% of Brits betting each month. These figures highlight the country’s stable regulatory environment and strong passion for gambling.

While regulations do exist, the topic of gambling is still controversial and worth exploring due to its many risks, such as financial losses, addiction, syndicates, and unregulated betting activities.

Let’s explore the UK gambling industry to understand the latest UK gambling laws for 2026, including regulations, licensing rules, and consumer protections. This legal framework also affects UK crypto casinos, which must comply with the same consumer protection and licensing standards where applicable.

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Highlights of the Article

  • The legality of betting syndicates in the UK depends on whether the group is formed for financial gain or simply for recreational purposes.
  • The UK gambling industry generates Ā£14 billion annually, with online gambling playing a significant role in this growth.
  • Recent updates to gambling laws have led to the introduction of a gambling ombudsman, stake limits, and increased funding for gambling addiction treatment.
  • Studies show that men are more likely to be affected by problem gambling than women.
  • Around 300,000 people in the UK struggle with gambling addiction, highlighting the need for enhanced consumer protections and responsible gambling measures.
  • Violating UK gambling laws can result in fines and imprisonment.
  • The legal gambling age in the UK is set at 18, with exceptions for the National Lottery, where the minimum age is 16.
  • Online casinos now triple the earnings of land-based gambling establishments, generating over Ā£3.2 billion annually.
  • 43% of Brits bet monthly, with a significant portion of the population, including 39% of teenagers and 39% of individuals over 65, engaging in gambling activities.

Is Gambling Legal in the UK? A Quick Overview

GAMBLING IS LEGAL IN THE UNITED KINGDOM under the country’s Gambling Act of 2005. However, the activity is subject to strict regulations and guidelines to ensure fairness, protect consumers, and prevent illegal activities.

The UK Betting Act applies to various types and segments of gambling, including:

  • Casinos
  • Sports Betting
  • Online Casinos
  • Betting Shops
  • Bingo Halls
  • Arcade Gaming Machines

All gambling activities within the UK must comply with regulations enforced by the UK Gambling Commission (UKGC) to ensure transparency from operators and protect bettors from fraud and exploitation.

Despite its legality, gambling is carefully monitored, and operators must hold a valid license to ensure compliance with the law.

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Fun Fact

Supported by the UK Gambling Act, the UKGC has issued approximately 3,368 licenses to 2,439 online gambling companies. As of 2026, 2,262 licensed casinos are actively operating within the UK.

With more recent amendments to the UK’s gambling laws, it’s only fitting to discuss how the country’s betting scene came to be.

Key UK Gambling Laws You Should Know (2026 Update)

In 2026, the UK gambling market establishes itself as a profitable, healthy, and competitive industry, largely due to the country’s regulatory framework. The UK has a robust legal gambling system comprised of various laws addressing different gambling sectors.

Let’s discuss these key UK gambling laws to understand how the country has consistently placed itself among the most dynamic, profitable, yet mostly regulated betting markets in the world.

1. The Gambling Act 2005: Foundation of UK Gambling Regulations

The Gambling Act 2005

The Gambling Act of 2005 is the cornerstone of gambling regulation, designating the UK Gambling Commission as the main body overseeing gaming, betting, and lottery participation.

Key principles of the Gambling Act 2005

Under the UK’s Gambling Act of 2005, the law sets out core principles to ensure the UK gambling industry maintains a competitive yet responsible market for bettors and operators.

1. Preventing Gambling from Being a Source of Crime or Disorder

The first principle highlights the need to ensure that gambling remains free from links to criminal activities, such as money laundering or other illegal financial transactions.

  • Operators must implement anti-money laundering (AML) procedures.
  • Gambling establishments must ensure that they do not become venues for criminal behavior or facilitate illegal activities.
  • The UKGC monitors operators and has the authority to enforce strict penalties for breaches.
2. Ensuring that Gambling is Conducted Fairly and Transparently

The second principle maintains the integrity of gambling operations. Gambling must be fair, with operators required to maintain transparency in how games are run and how outcomes are determined.

  • Operators must provide players with clear odds, rules, and procedures for all gambling activities.
  • The UKGC has the authority to ensure that operators provide fair services and comply with industry standards.
  • Players must have access to reliable information about the games they participate in.
3. Protecting Children and Vulnerable Persons from Being Harmed or Exploited by Gambling

A key aspect of the Gambling Act 2005 is protecting minors and vulnerable individuals from problem gambling.

  • The legal age for gambling is set at 18 for most activities, with some exceptions for lotteries at 16.
  • Gambling advertising is restricted to ensure they do not target children or vulnerable people.
  • Operators must implement responsible gambling tools such as self-exclusion programs (e.g., GAMSTOP), age verification, and wagering limits.
4. Ensuring that Gambling Promotes Fairness and Integrity

This principle broadens the fairness requirement by ensuring that gambling not only treats consumers fairly but also functions with integrity, free from corruption or manipulation.

  • Gambling games must be conducted honestly, with outcomes determined by fair processes, such as random number generators (RNGs) and provably fair in online games.
  • Regular audits and inspections are necessary for both online and land-based operators to verify adherence to integrity standards.
5. Promoting the Prevention of Gambling Addiction

While not explicitly listed among the Act’s formal objectives, preventing gambling addiction remains a key underlying concern that has been tackled through regulations implemented.

  • Operators must safeguard consumers by offering tools that help individuals control their gambling, such as setting betting limits and self-exclusion options.
  • Gambling advertisements must include warnings about the risks involved.

2. The Gambling Act 2014: Amended For Licensing and Advertising Betting

The Gambling Act 2014

This law amended the Gambling Act 2005 to require all gambling operators, including those based outside the UK, to obtain a UKGC license to offer services to UK residents.

The act was introduced to close loopholes and tighten regulations for online gambling operators, making the UK market safer for consumers.

Key aspects:

  • Remote operators (online gambling services) must be licensed by the UKGC, even if they operate from abroad.
  • Ensures that foreign-based operators offering gambling services to UK customers comply with UK laws.

3. The National Lottery Act 1993: Ensuring Transparency and Fairness in the UK’s Favorite Lottery

This act established the framework for the UK’s National Lottery operation. It formed the National Lottery Commission, now incorporated into the UKGC, and outlined the rules and regulations for running the lottery.

The National Lottery Act also mandated the formation of the National Lottery Distribution Fund to support good causes. The NLDF has raised over £50 billion since 1994, funding causes such as healthcare, education, the arts, sports, and the environment.

Key aspects:

  • Regulates the National Lottery to ensure fairness and consumer protection.
  • Introduced rules on operator accountability, including regular audits of lottery activities and consumer safeguards to protect players.
  • Establishes how proceeds from the lottery should be distributed to benefit society.

4. The Betting and Gaming Duty (BGD): Taxation and Regulation in the Gambling Sector

The Betting and Gaming Duty is a tax levied on gambling operators providing betting and gaming services, such as casinos and betting shops. It is governed by a distinct piece of legislation for regulating the taxation of gambling activities.

Key aspects:

  • An essential piece of legislation in the UK’s gambling sector.
  • Establishes the taxation framework for betting and gaming operators.
  • Ensure that gambling operators contribute to public finances through tax imposition on gambling activities.
  • Ensures that revenue from the gambling industry goes to the government, which can use it to support public services.

The BGD also fosters competitiveness in the UK’s gambling industry by enforcing fair tax obligations across all licensed operators, supporting the industry’s sustainability and helping to prevent unlicensed and illegal operators from undercutting legitimate businesses.

The duty ensures a balance between economic activity and consumer protection, encouraging operators to adhere to gambling regulations.

5. The Proceeds of Crime Act 2002 (POCA): Combating Money Laundering in the Gambling Sector

This law impacts the UK gambling industry by preventing money laundering and fraud. Gambling operators are required to establish and maintain strict anti-money laundering (AML) and know-your-customer (KYC) protocols.

These measures are designed to prevent criminals from using gambling services as a means to launder illicit funds.

Key aspects:

  • Operators must verify their customers’ identities and report any suspicious transactions to the authorities.
  • Gambling establishments must keep detailed records to track financial transactions and identify potential money laundering.
  • Ensures gambling is not used to launder illegal funds.

Quick Overview of the UK Gambling History Timeline:

  • 1960: Gambling becomes legal in the UK.
  • 2005: The Gambling Act brings significant changes and addresses online gambling.
  • 2014: The Gambling (Licensing and Advertising) Act closes licensing loopholes for offshore operators.
  • The National Lottery Act regulates lotteries for societal benefit.
  • 2020 to Present: A government review aims to update gambling laws.
UK Gambling History Timeline
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Fun Fact

The UK’s gambling white paper, released in April 2023, suggested changes to the Gambling Act 2005 to accommodate smartphones and online gambling. The government planned to work closely with the UKGC to enforce these measures by the summer of 2024.

Gambling Licenses in the UK: Who Needs One?

Operators, whether online or land-based, wishing to provide gambling services in the UK must obtain a licence from the UKGC. A valid licence confirms that the operator complies with the regulations set out in the Gambling Act 2005 and upholds high standards of fairness and consumer protection.

There are two primary types of gambling licenses in the UK:

  1. Remote gambling licenses: Required for online operators offering services like online casinos, poker, and sports betting.
  2. Non-remote gambling licenses: Required for physical venues such as casinos, betting shops, and bingo halls.

What Types of Gambling are Legal in the UK?

What Types of Gambling are Legal in the UK?

The UK gambling scene is diverse, with various types of gambling activities that cater to the different preferences and lifestyles of UK bettors, all according to the mandates provided by the Gambling Act 2005.

From online gambling to traditional land-based venues, the UK’s gambling industry is regulated to ensure that it remains fair, safe, and transparent for all players.

The section below explores the permitted forms of gambling in the UK, discussing the state of the games to highlight their significance to British gamblers.

Lotteries

UK Lottery Visualizer

The UK Lottery ensures fairness when supply is limited and demand is high. It uses a random draw to determine winners. The UK’s Lotteries can be used in various contexts, such as allocating subsidised housing or selecting students for prestigious schools.

They are also commonly used in sports and for distributing significant cash prizes to participants.

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Did You Know?

The Lottery has existed for centuries. In ancient times, lotteries were used to distribute land among the people of Israel and, by Roman emperors, to allocate property and slaves.
When British colonists arrived in the US, they brought lotteries with them. However, Christians strongly opposed lotteries, leading 10 US states to ban them from 1844 to 1859.

National Lottery

The National Lottery uses a classic lottery format, requiring players to pick six numbers plus a bonus ball. It is the most popular betting option in the UK, with 27.6% of Brits participating, followed by Scratch Cards at 11%.

The goal is to match the selected numbers to the randomly drawn lottery balls. The lottery machines generate these numbers by releasing individual balls from a pool of 59. Like the Health Lottery, the National Lottery raises funds that support charitable causes.

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Side Note

The National Lottery has 9 more balls than the Health Lottery, reducing the chances of winning the jackpot. The cost of a National Lottery ticket is £2.

Who can play the UK National Lottery?

The UK National Lottery is exclusively available to residents aged 16 and above. Alongside the regular Lotto jackpot draws held twice a week, players also have the opportunity to participate in the weekly EuroMillions lottery. 

EuroMillions provides the chance to win significantly larger jackpot prizes in collaboration with other European lotteries.

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Fun Fact

The UK’s first National Lottery was organised in 1567 by Queen Elizabeth I to fund shipbuilding and port projects. Tickets cost 10 shillings, with a top prize of Ā£5,000. Buyers were guaranteed immunity from most crimes, excluding murder, treason, piracy, or felonies.Ā 
The modern National Lottery, known as the Lotto, had its first draw in 1994 with a £7 million jackpot and odds of 1 in 14 million.

Health Lottery

Launched in 2011, The Health Lottery is a charitable initiative that offers focused support to local communities and charities. Having raised more than £128 million over the past ten years, it has positively affected the lives of over 647,000 individuals across Great Britain.

Each ticket funds health initiatives in specific UK regions. Managed by six local companies in twelve areas, it aims to combat deprivation and health disparities.

The People’s Health Trust has awarded grants to over 3,300 local health projects and charities, ranging from prominent organizations to grassroots efforts.

Health Lottery Achievements Visualizer

Postcode Lottery

The People’s Postcode Lottery is a unique subscription-based lottery that offers players cash prizes and supports crucial charities. Players automatically enter every draw by signing up with their postcode and paying Ā£12 monthly. 

With prizes announced daily throughout the month, participants can win while knowing that 33% of their ticket price goes directly to incredible causes.

Scratchcards

UK Scratchcards Visualizers

Scratchcards first appeared in the UK in the mid-1990s and rapidly became very popular, thanks to appealing jackpots and the ease of online gambling. To play, users scratch off the foil to uncover matching numbers or symbols for cash wins.

Raffles

In the UK, raffles offer the chance to win physical prizes, a type of Lottery. While the Lottery typically awards cash prizes, a raffle offers physical rewards, though exceptions exist. 

UK Raffles Visualizer

Different types of raffles require registration or licenses to operate, including:

  • Small society raffles, often run for charitable purposes, have specific rules, like giving at least 20% to the cause and capping prizes at Ā£25,000. 
  • Incidental lotteries are held at events without registration requirements, while private society lotteries are held for community groups or clubs. 
  • Online raffles may require registration or be disguised as prize competitions to avoid licensing.

Sports Betting

Sports Betting Interface

The UK Sports Betting scene has a rich history, dating back to 1961, when laws were introduced, and the first sports betting exchange was established. The UK sports betting market taxes bettors at around 15%-21%, depending on whether the bet is remote or general betting duty.

The UK leads Europe in sports betting, offering sports like football, basketball, and eSports. Sportsbooks can freely advertise and partner with venues for legal wagers.

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Side Note

Among the many aspects bettors should learn about, Sports Betting is called a ā€œWagering Requirement.ā€ In most online casinos, when gamers register on the site, the casino offers incentives in the form of welcome bonuses and valuable perks.
The Wagering Requirement feature is a site-imposed condition that specifies how much a gambler must bet before they can withdraw any winnings earned with bonus money.

Here’s a summary showing the evolution of sports betting laws in the UK.

UK Sports Betting Laws Timeline

Football is the most popular sport to bet on in the UK, with 45% of bettors, followed by Horse Racing at 37%.

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Fun Fact

The British love horse racing. The sport has a rich history in the UK, treasured as a tradition, a pastime, and a status symbol. This is one of the many reasons horse racing is popular in the UK.

Bingo

The Brits call Bingo ā€œHousieā€ or ā€œHousie-Housie.ā€ The game is played in legal Bingo halls using the 90-Ball version. Bingo falls under “equal chance” gaming, and although there’s no official definition, the game is largely similar across the UK.

The UK Gambling Commission provides guidance, developed with input from bingo industry stakeholders, to differentiate bingo from other forms of gambling.

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Side Note

While the UK considers the game of Bingo as an ā€œequal chance,ā€ the actual odds of winning depend on two key factors: How many cards are in playNumber of balls drawn.

Amusement Arcades

In the world of amusement arcades, there are three types:

  1. Adult Gaming Centres (AGCs)
  2. Licensed Family Entertainment Centres (FECs)
  3. Unlicensed Family Entertainment Centres (UFECs).

Unlicensed FECs can provide Category D machines if they acquire a permit from their local licensing authority. They may have multiple Category D machines under this permit, provided they comply with non-gambling regulations, such as fire safety and health standards.

UK Brick-and-Mortar Casinos

UK Casinos Visualizer

Casinos throughout the UK boast rows of slot machines alongside tables and electronic games on the gambling floor. There are around 150 casinos, with 75% operated under Grosvenor or Genting Group brands. While some Super Casino proposals emerged and faded, most gambling venues are smaller-scale.

Though they offer Vegas-style gaming, these UK casinos differ significantly from the colossal resorts in Las Vegas.

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Helpful Article

Interested in owning a brick-and-mortar casino in the UK? Find out all the essential details, including costs, regulations, and potential profits, in the comprehensive article “How Much Does It Cost to Own a Land-Based Casino?

Land-Based Casino Licensing in the UK

Brick-and-mortar casinos and betting shops are required to secure both an operator’s licence and a premises licence from the UKGC. The premises licence confirms that the venue meets local zoning and health requirements, whereas the operator’s licence ensures the operator complies with consumer protection laws and regulatory standards.

Location Restrictions:

There are certain restrictions on where brick-and-mortar casinos can be established. Casinos cannot operate near schools, places of worship, or certain public spaces, ensuring they do not create an environment that encourages gambling among minors or vulnerable individuals.

Age Limits:

The minimum age for gambling in the UK is 18 years old for most land-based gambling activities. Operators must verify customers’ ages and prevent underage gambling.

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Helpful Article

If you want to learn more about the math behind slot machines and how they work, don’t miss this article, “How Do Slot Machines Work: The Math Behind it All.

What UK Brick-and-Mortar Casinos Offer:

  • Casino Games:

Traditional casinos offer roulette, blackjack, poker, and various slot machines. These establishments offer both live table games and EGMs, with a variety of stakes to accommodate players of all levels.

  • Sports Betting:

Betting shops are common throughout the UK, where customers can bet on a variety of sports, including football, horse racing, tennis, etc. Many of these shops also offer in-play betting, allowing customers to place bets while events are ongoing.

  • UK Bingo Halls:

Bingo halls are essential to the UK’s gambling landscape. These venues offer a social gambling experience and are popular for their relaxed atmosphere and community-based gaming.

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Helpful Article

There are over 2,260 casinos in the UK. With endless choices, gamblers should learn the basics to prevent feeling overwhelmed. This guide offers 18 tips to improve their chances of winning and ensure a fun, responsible gambling experience.

UK Online Casinos

Online gambling in the UK is fully legal, regulated, and one of the most popular forms of gambling. Players interested in UK crypto casinos should ensure they choose operators that comply with UK Gambling Commission requirements. Online casinos are permitted to provide gambling services to UK residents as long as operators hold a valid license from the UK Gambling Commission.

In March 2023, online gambling saw 14 million participants across various segments. The most popular type of bet in the UK was real-event betting, with over 6.5 million players, while poker had the fewest players, at 230,685.

Online slots experienced a significant increase, surpassing 4 million players. The landscape of online gambling continues to progress with shifting player preferences.

  • Online Casino Licensing in the UK:

Any online casino that operates must ensure adherence to strict rules on fair play, consumer protection, and AML practices. The licensing process includes checks of the operator’s financial standing, game fairness, and responsible gambling protocols.

  • Consumer Protection for UK Online Casino Gamblers:

UK online casinos are required to offer fair odds across all games and to pay out winnings without delay. The UKGC oversees compliance with these rules, and operators who violate them may face penalties or even lose their licenses.

  • Responsible Gambling in the UK:

Operators must implement tools such as self-exclusion programs (e.g., GAMSTOP) and provide players with tools to manage their gambling behavior, such as setting betting limits.

What Online Casinos Offer in the UK:

  • Casino Games:

Online casinos typically offer a wide variety of games, including slots, blackjack, roulette, poker, and live dealer games. These games are powered by random number generators (RNGs) to ensure fair outcomes.

  • Bonuses and Promotions:

Most online casinos offer attractive casino bonuses, including welcome offers, free spins, and loyalty schemes to attract and retain players. Nevertheless, they are regulated to ensure that the terms remain fair and clear.

  • Mobile Gaming:

The increase in mobile device usage has led many online casinos to develop dedicated apps or mobile-optimised websites. Likewise, mobile crypto casinos now allow players to enjoy blockchain-powered gaming and cryptocurrency payments directly from their smartphones.

Taxation for Online Gambling Operators in the UK

Online gambling operators in the UK are subject to a remote gambling duty, a tax on their profits. The tax rate for online gambling is currently 21% and applies to profits from activities such as online sports betting, casino games, and poker.

The Crypto Casino Legality in the UK:

Cryptogambling has become increasingly popular in the UK, though it remains under regulatory scrutiny. The UKGC closely monitors and requires that any casino that offers crypto deposits, withdrawals, or betting comply with AML and KYC regulations.

The legal use of cryptocurrencies such as Bitcoin, Ethereum, or Litecoin in online casinos is allowed, but the operator must ensure that these methods do not facilitate illegal activities. Players looking for the top crypto casinos should still verify that their chosen operator follows UK regulations and maintains robust AML and KYC standards.

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Side Note

In 2021 to 2022, around 17% of UK gamblers considered using cryptocurrencies to place bets at online casinos.

Gambling Age Limits and Consumer Protection Laws in the UK

The Gambling Act of 2005 lists numerous offenses covering a wide range. Violations shall result in fines and jail time. Here are some examples of potential consequences:

OffensePenalty
Gambling by a young person is not permitted£1,000 fine
Employing an underage person to provide gambling facilities51 weeks imprisonment and/or £5,000 fine
Cheat, attempt to cheat, or assist another person to cheat in gambling51 weeks imprisonment and/or £5,000 fine
Providing gambling facilities without a license/permit51 weeks imprisonment and/or £5,000 fine
Contravention of regulations relating to advertising51 weeks imprisonment and/or £5,000 fine
Making a machine available for use without a license/permit51 weeks imprisonment and/or £5,000 fine

UK Betting Syndicate: Legal or Not

The legality of syndicates falls into a grey area. They have a long history, with bettors favoring syndicate betting for the heightened thrill compared to individual bets. 

This section examines the nature of syndicates and their legal status, and explores instances in which some have faced legal challenges.

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Side Note

What are Betting Syndicates?
The UK betting syndicates involve friends or colleagues combining their money to buy lottery tickets or place bets, sharing any winnings equally.Ā This concept applies to lotteries and various sports, where participants pool stakes to improve odds and distribute winnings accordingly.Ā The group decides collectively on how to use the money, whether for future bets or shared experiences like trips to sporting events. The key is unanimous agreement on the syndicate’s operation.

Are They Legal?

Regarding syndicates, the National Lottery syndicates are generally acceptable, but sports betting ones are riskier. The official website contains a handy guide on setting up a lottery syndicate.

Online bookmakers prohibit placing bets on behalf of others, and UK betting operators are required to know their customers personally. Placing bets for a syndicate violates the rule against betting on behalf of others, but it is not illegal if there is no financial gain involved.

The UK’s Gambling Age Restriction

Numerous studies warn against underage gambling. This section emphasizes the UK’s legal gambling age and the harsh penalties for violators.

Gaming establishments must verify customers’ ages with ID and supporting documents. However, some exceptions, like lotteries, scratch cards, and football pools, allow participation from age 16.

Visualizer of UK Betting Age Restriction
CountryOnline casino age limitLand-based casino age limit
England1818
Scotland1818
Wales1818
Northern Ireland1818

Any Brit who breaks the law, whether as a player or a casino operator, will face severe sanctions.

Gambling Advertising and Marketing Regulations in the UK

Gambling advertising in the UK is strictly regulated to ensure that it does not target vulnerable individuals or minors. All gambling ads must comply with the Advertising Standards Authority (ASA) regulations, which prohibit misleading claims and excessive promotion of gambling as a way to solve financial problems.

Key Rules for Gambling Advertisements in the UK:

  • Ads must be age-appropriate and must not appeal to minors or vulnerable people.
  • They cannot promote excessive gambling
  • Ads shouldn’t make gambling appear as an easy way to make money.

Conclusion: Future of Gambling Laws in the UK: What’s on the Horizon?

As the UK gambling sector evolves, government reforms will keep adapting to enhance consumer protection and tackle problem gambling issues. Moreover, online gambling in the UK will only be more regulated due to the prevalence of blockchain technology in gambling.

Technological advancements are expected to impact future gambling regulations. While these innovations are bound to elevate the UK gambling industry, they also pose challenges regarding the safety and fairness of gambling activities across the country.

As the industry adapts to these changes, the UK Gambling Commission will continue to monitor technological developments and adjust its regulatory framework accordingly.

FAQs

What types of gambling are legal in the UK?

Legal forms of gambling in the UK include online gambling, land-based casinos, sports books, bingo halls, and the National Lottery.

Are online casinos legal in the UK?

Online casinos are fully legal in the UK, provided they are licensed by the UK Gambling Commission.

How do I know if an online casino is licensed in the UK?

To check if an online casino is licensed in the UK, visit the UKGC website. All licensed operators must display their license number on their website.

What are the age limits for gambling in the UK?

In the UK, the minimum legal age for participating in online casinos, sports betting, and land-based casinos is 18. However, the National Lottery allows ticket purchases from age 16, but players must be 18 to play instant-win games or scratch cards.

Can I gamble using cryptocurrency in the UK?

Cryptocurrency gambling is permitted in the UK in compliance with UK Gambling Commission regulations. Online casinos that accept Bitcoin and Altcoins must comply with AML and KYC regulations.