It can, the description on this article is wrong since it's the anime version.
DL uses the Tag Force version, where this card is nerfed into nuking your own spells and traps upon being summoned.
Problem with POG is the design of yugioh itself. There is no limit on how many cards you can play per turn so as long as you can have access to the card you can use them all in a single turn. But it is what it is. Glad newer card games learnt from yugioh. Implementing mana system, they have no problem adding cards that can draw 2 or more cards since you're limited in how many cards you can play.
Venom Burn recently, came out as a Ranked Ticket R. You can stockpile counters on those 0 atk monsters to do some actually heavy burn damage. it takes about 12 counters to OTK with it but you have 3 chances and the field puts a counter on all faceups at the end of every turn.
Weirdly Boxer's have mixed well with them, the R4nk floats, the R3 can stockpile, Veil stockpiles but eh.
According to what the new guy said, his glossy SR tickets can be used on that spell, but his prismatic SR ones don't seem to work.
Super intriguing. Did Konami bug the game with an update?