Crypto Casino License: Which Regulators Allow Crypto, and on What Terms

A crypto casino license is an ordinary online gambling license from a regulator that lets its licensees take stakes and pay out in crypto. As of October 2026 Curaçao, Anjouan, the Isle of Man and Tobique allow it on their own terms, Malta through approvals, Kahnawake's rules are silent, and Georgia does not allow crypto deposits for international permit holders. This post sets out each regulator's terms.

Which Gambling Regulators Allow Crypto

The table sets out each regulator's position from its own documents, with the yearly license fee in euros at the National Bank of Georgia's rates for 24 October 2026.

Year one also carries one-off charges, kept out of the yearly column. Curaçao: €4,592 to apply plus €150 per beneficial owner. Anjouan: the €17,828 issuance fee in place of the first renewal, plus an application fee it does not publish. Isle of Man: about €6,300 (£5,250) to apply. Tobique: a €2,500 review and €33,500 for the first year, about €36,000, as quoted. Malta: €5,000 to apply. Kahnawake: about €35,700 ($40,000) to apply, including the first year's fee. Georgia: a platform audit of up to about €12,000 per activity type and control-system integration of up to about €34,400 per permit holder, caps the contract settles, so up to about €46,400 for one vertical.

Curaçao: License Conditions and the June 2026 Crypto Guideline

Curaçao's license conditions allow crypto stakes on three terms in Article 9. Virtual currencies accepted as stakes must be tradable on internationally licensed virtual currency exchanges, the licensee may not exchange crypto for fiat, and winnings are paid in the currency played. A Curaçao gambling license costs €4,592 to apply and €47,450 a year, and the same license covers a crypto casino and a fiat one.

The Curaçao Gaming Authority's crypto policy guideline of June 2026 adds the detail. It treats crypto as high risk and says "it is preferred that the Licensee transacts in fiat-backed regulated stablecoins". A licensee must not act as an exchange, payment provider or virtual asset service provider, so it may not convert crypto for players, offer trading or swaps, or hold crypto for them outside gambling transactions.

The guideline also sets the controls. Blockchain analytics must screen deposit and withdrawal wallets, trace source of funds and monitor for new risk, with no provider mandated. Coins from sanctioned mixers or flagged wallets are prohibited, wrapped or bridged tokens of unverifiable origin are refused, and the policy must deal with privacy coins such as Monero and Zcash. Wallets used by the operation must belong to the licensed company or an approved group entity, with player, operational and treasury funds segregated, and personal, owner-linked or employee wallets are prohibited.

Isle of Man: Five Approved Crypto Models

The Isle of Man allows crypto under five models its Gambling Supervision Commission recognises, each approved before use (licensing requirements, October 2025). They cover crypto converted to fiat through an exchange, peer-to-peer play, crypto in and crypto out against the house, tokenised in-game economies, and game logic run on a blockchain.

The rule that shapes the cashier is same currency in and out, so Bitcoin in means Bitcoin out, and crypto in with fiat out is not permitted. A full license costs £36,750 a year, about €43,900, and B2B suppliers of token-based software hold a separate license at £52,500 a year, about €62,700. Every Isle of Man operator also needs resident directors, servers on the island and player funds in a Manx bank.

Anjouan: Crypto-Enabled Gaming in the License

Anjouan Gaming lists "cryptocurrency-enabled gaming operations" and blockchain gaming among the activities its B2C license covers, alongside casino, sports betting, poker and bingo (license types). Its 2026 license conditions require enhanced monitoring and blockchain tracing for virtual-asset transactions and disclosure of B2B settlements made in virtual assets.

At €17,828 a year, an Anjouan gaming license is the cheapest crypto-friendly license here. On 8 December 2025 the Central Bank of the Comoros said the authority behind it is not recognised in the Union of the Comoros and that no online gaming license has been issued there, which matters wherever the operator also needs fiat banking.

Tobique: Digital Assets Count as Money

The Tobique Gaming Act 2023 includes digital assets in its definition of money, so stakes and payouts in crypto fall inside the law the Tobique Gaming Commission applies. The commission publishes no crypto-specific conditions and no fees; licensing firms quote about €26,900 a year, after about €36,000 in year one, and one-year terms. Its standing rests on the Tobique First Nation's asserted jurisdiction, which Canada's Criminal Code does not expressly grant.

Malta: Approval for DLT Assets

Malta treats crypto as an approval on top of the license. The MGA's FAQ says existing licensees apply for approval to accept DLT assets through an application type on the licensee portal, that third-party service providers need authorisation under the Virtual Financial Assets Act, and that exchanging one virtual currency for another "shall not take place within the licensee's ecosystem".

The rest of the Malta license applies unchanged, including a company in the European Economic Area, €100,000 of paid-up capital per casino or betting type, a €25,000 annual fee and the monthly compliance contribution.

Kahnawake: The Rules Say Nothing

The Kahnawà:ke Gaming Commission's Regulations concerning Interactive Gaming, consolidated on 25 March 2026, contain no reference to crypto or virtual currency, and the fees are payable in US dollars. A Client Provider Authorization covers casino, poker and sportsbook, at about €35,700 ($40,000) to apply and about €17,900 ($20,000) a year, with hosting at the Kahnawà:ke facility.

What a Crypto Casino Needs Beyond the License

The license is the smaller part of a crypto build. Under Curaçao's guideline the AML policy applies to crypto exactly as to fiat, with the crypto controls written into the AML policy filed on the authority's portal, and transfers between regulated providers follow the FATF Travel Rule. Every third-party exchange, custodian or payment provider must be regulated or registered in its home jurisdiction, and the casino documents its due diligence on each one.

Wallet architecture is the other half. Hot wallets for day-to-day deposits and withdrawals should hold only what operations need, cold wallets keep reserves, and multi-signature controls, withdrawal whitelisting and hardware security modules apply where the value warrants. Curaçao treats compromised keys, failed transactions, smart contract failures and chain forks as incidents to report to the authority. Anjouan's licensees work under its KYC and AML Code, final edition of 13 October 2026, which its conditions say is in effect.

Which License Fits Which Crypto Casino

• A stablecoin casino: Curaçao, whose guideline states a preference for fiat-backed regulated stablecoins and sets out the wallet rules in full.
• A Bitcoin-in, Bitcoin-out casino under a long-established regulator: the Isle of Man, with the model approved in advance and directors and servers on the island.
• A tokenised or on-chain game: the Isle of Man, whose approved models include tokenised in-game economies and game logic run on a blockchain.
• The lowest budget: Anjouan at €17,828 a year, or Tobique at about €26,900 a year as quoted, both renewed every year.
• A group with crypto and card-payment brands: two licenses, one that allows crypto for the crypto brand and one built for card payments, such as a Georgian permit, for the fiat brands.

Crypto is the wrong product for a Georgian permit today, and a cashier that takes crypto and pays out fiat is the wrong design for the Isle of Man or Curaçao.

Crypto and a Georgian Gambling License

Crypto deposits are not allowed for Georgian international permit holders today. The gambling law requires online organisers to handle deposits to and withdrawals from player accounts under rules set by the Minister of Finance (Article 29(1)), and it makes no provision for virtual assets. The National Bank of Georgia supervises virtual asset service providers, but that regime has no gambling rule.

A Georgian permit is therefore a license for a fiat online casino or slots site or sportsbook serving players outside Georgia. Its case rests on permits from the Revenue Service under national law, a five-year term, a 20-day decision, and a structure where the license, the company and a Georgian acquirer sit in one country under Visa's rules. Crypto is the one product where Georgia's first place among the best countries for a gambling license does not carry over, so a group with a crypto brand keeps that brand on a license that allows crypto.

Crypto Casino License FAQ