A local article from June 11 states that the prohibition includes credit cards that are connected to digital wallets, cryptocurrencies such as Bitcoin, and any other unique types of credit. This implies that wagers made by Australians using borrowed money or anonymous digital currencies are no longer permitted.

The most recent rule governing online betting is in keeping with the policies of land-based casinos, which have likewise outlawed credit card use. Online lotteries are exempt from the rules and are still able to accept credit card payments.

The CEO of Responsible Wagering Australia, Kai Cantwell, is pushing the government to extend this prohibition to cover gambling activities that aren't already covered.

Cantwell stated, "This is a crucial step to safeguard consumers, enabling people to maintain control over their own gaming behavior."

Legislators decided to accept the Interactive Gambling Act 2001 amendment last year. The statute forbids gambling companies from providing Australian citizens with access to specific internet services.

Following this, suppliers of gambling services were granted a six-month window of time to adjust to the new rules. Businesses that disregard the prohibition might be fined up to AU$234,750, or around $155,000.

Additionally, the communications regulator now has more power to impose these limitations.

Furthermore, a plan to ban gambling marketing over a three-year period is being considered by the federal government. This was one of thirty-one suggestions made during a parliamentary investigation into the country's gambling problems.

Michelle Rowland, the minister of communications, stated that more regulations intended to forbid gambling in the future will be made public by the government.

She declared, "Australians shouldn't be gambling with money they don't have."

Australia used to be a booming market for online casinos that took Bitcoin and other cryptocurrencies as payment methods. The cryptocurrency' ability to conduct transactions quickly and anonymously drew attracted gamblers.

According to a survey, a significant 30.7% of Australian gamblers used cryptocurrency for online gambling in 2019.

Australian tax authorities have been pursuing millions of cryptocurrency investors in an attempt to obtain their personal data and cryptocurrency trading details.