UK online gambling is clearly regulated and has a reliable legal basis. All those who meet the requirements and have licenses here can be considered reliable gambling establishments. This also applies to Bitcoin slots UK, although the scope of crypto-currency is not completely regulated here. But if it isn’t prohibited, then allowed. In the end, in some other countries they are already trying to ban this “legislative misunderstanding” of the world financial system. This is a vain attempt. Bitcoin does not provide an opportunity to track owner’s location.
British regulators are keen to influence Bitcoin, as announced in 2015. In this case, we are talking about quite sensible things, not bans. But this is still problematic. Today it turns out that in the United Kingdom a certain outflow of traffic from legal online casinos to unregulated Bitcoin casinos began; along with niche playgrounds (Bitcoin slots uk and so on).
But there’s nothing to be done about it, Bitcoin is better. It allows the player to remain anonymous, not to save personal payment details on the Internet, not to pay large commissions during the input and output through online casinos, wait for financial transactions for minutes, not days as in traditional online casinos, to enter into the game minimum money amounts and this is not all. But this is enough to understand the reasons for the indicated outflow of users.
Although we are not talking about mass tendencies. Bitcoin has all chances to become payment leader of the online casino market, but this is a slow, un-stimulated process. In addition, the Bitcoin today caught up with other popular cryptocurrencies that can interrupt the hegemony sometime in the future. This is real because others solve Bitcoin’s problems quickly today and provide much more quality services.
Therefore, we should better talk about the future hegemony of crypto-currency web casinos in general, and not Bitcoin online casinos.
The process of legalizing Bitcoin casino has another side. A number of old online casinos caught the trends and prospects of the crypto-currency world, and introduced Bitcoin as one of the payment options, along with traditional fiat currencies. Plus, the Bitcoin turnover is easier to track here, and the minus is the lack of these trusted Bitcoin casinos according to British laws at the moment. The list should be expanded in the nearest future.
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