Online gambling is a fruitful industry for everyone. Whether you are the casino, player, or the government, gambling provides an opportunity for all. No matter what corner of the globe you find yourself in, one this is certain, and that is casinos are loved by many, and now with the transition to Bitcoin casinos, the benefits just got bigger!
Online gambling has continued to show growth, adapting to more advanced games, giveaways, bonuses, and of course, digital fiances. The Bitcoin price, along with many other cryptocurrencies, has recently spiked, attracting many players to get their game going at a crypto casino.
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Cryptocurrency has attracted loads of attention in the last week, with Bitcoin and many other coins recently hitting a peak. The spike in demand can be attributed to many reasons, but experts are pointing at recent activities of the Swiss Financial Market Supervisory Authority (Finma). Finma is Switzerland’s financial regulator, and in the last week, it has announced its first-ever cryptocurrency investment fund. This alone will help direct people to get involved while simultaneously stabilizing and raising the Bitcoin price, along with other digital coins.
Canadian online casinos are about to get the go-ahead for operations. Learning from other first-world countries like the US, UK, and Spain, Canada is taking its time to navigate the laws and provide a safe environment for all.
The legislation of online sports betting and gambling allows for huge advantages all way round. With the new rules coming into place, both players and the casinos will benefit. The Canadian government can collect tax revenue while local gamblers can reap the rewards and participate in the fun. It’s a win-win for all.
All the online casinos and sportsbooks played by Canadian players are currently regulated and licensed through European jurisdictions, cutting the government out of any taxable income from the players. With 2% of Canadian adults occasionally dabbling in gambling, the government thought it was time to re-look t the laws and regulations to help the government to raise funds from taxation, and bettors will enjoy betting in legal and trusted online casinos licensed in Canada.
With all the activity happening within both the gambling and crypto markets, it is essential for governments to capitalize where they can, implementing secure regulations and safe operations for their citizens.
Another country to expand the opportunity from online Bitcoin casinos is the UK. In 2020, the UK government has kept a close eye on the online gambling market, monitoring the activity during the global pandemic.
The UK government implemented the new Online Safety Bill, which aims at stabilizing the industry and reducing fraudulent activity while simultaneously protecting the players from unwanted incidences.
On top of the recent bill passed, the UK online casinos follow some of the strictest laws, with active regulators like the Gambling Act and the UK Gambling Commission. In order to be legally operating within the UK, all UK online casinos need to be licensed through reputable gaming authorities like Malta.
Besides the specific laws that affect gambling activity with countries, there are other factors that come into play when it comes to activity. One of the most significant advancements of the industry is the possibility to play on the go with the option of mobile-optimized casinos.
Mobile casinos appeal to most crypto casino players, with on-the-go access to your favorite titles. With almost everyone owning a mobile device, it’s no surprise that the option of mobile play expands the industry and increases the customer base.
Mobile casinos offer a massive amount of benefits, ranging from increased security, freedom to play just about anywhere, tailor-made promotions, and of course, the opportunity to gamble without going out in public.
With mobile casinos being top-rated, the deliverance on the interfaces has improved drastically, bringing players an on-the-go experience that does not compromise on any aspect of play.
Bitcoin casinos are the most popular online casinos, and with increased security, games, bonuses, and fun, we understand why! Find out about all the happenings within the industry to make the most informed decision about your play! Get signed up to any other recommended crypto casinos at The Bitcoin Strip, and you will not be disappointed! Online casinos are all about fun, ad with the advancements of the industry, things just keep getting better and better.
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