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Two Las Vegas casino hotels will become the first known US commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday.

The new policy comes after the US House of Representatives unanimously passed a measure in February giving states legal control over the cashless form of money transfer.

The industry move, which follows similar moves in the Canadian province of New Brunswick and the state of Delaware, is expected to help the global, secretive trading industry of bitcoin gain greater legitimacy on a global scale.

While Bitcoin is still illegal by the US government, it has already been accepted by several global businesses, and more than 50,000 users are believed to have accounts.

Bitcoin has been widely embraced by Silicon Valley and Silicon Alley venture capital investors alike, with venture capitalist Sean Parker the first outside the industry to publicly support the digital currency.

But the virtual currency still faces some skepticism from federal law enforcement officials over its legality and security – in part because it’s been hard for the industry to keep track of how many transactions actually occur. Many of the most prominent bitcoin exchanges have also come under fire for allegedly facilitating money laundering and other crimes.

Las Vegas Sands and Wynn Resorts, in a joint statement on Tuesday, said they believed the cryptocurrency posed a “risk” to their business model, but acknowledged that they were “pursuing a very public trial for potential regulation.”

In the statement, both properties admitted that there appeared to be no evidence of fraud that would warrant government oversight, and said the regulatory environment could “be evolving.”

It said that the adoption of Bitcoin in their industry might result in “potential disruptions in both our gaming systems and the gaming industry as a whole.”

However, it said that both companies had an interest in promoting the safe and secure operation of their operations, particularly as federal law enforcement agencies increasingly attempt to track bitcoin users.

“As part of our ongoing efforts to understand how this technology works, we are working closely with [Federal Bureau of Investigation] and other related agencies to determine the appropriate response to any potential disruption,” the statement noted.

Las Vegas Sands said it had decided that bitcoin’s value could benefit its operations, which operate globally, by reducing costs, increasing convenience, easing payment processing and creating “new revenue streams” through the system’s “innovation.”

Las Vegas Sands chairman and CEO Sheldon Adelson, one of the wealthiest men in the US, did not immediately respond to an email requesting comment.

But the Wynn management did not seem deterred in its statements, saying that bitcoin’s benefits are substantial and could be used to benefit the

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