Crypto gambling in Germany
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The demand for crypto gambling has increased over the past few years. The laws and rules regarding this market in different countries are confusing. Germany has updated the Treaty on Gambling and provides new licensing and operating guidelines for online casinos. According to the new regulatory stance, the licenses provided under the treaty are valid in all parts of the country. The Treaty also defines rules about advertisements on gambling, licensing conditions for the crypto online casino and even tax rates.
The new regulations for the online casino industry were adopted in Germany during the Summer of 2021. The new treaty includes some restrictions aimed at ensuring the highest safety for individuals and prevention of addiction to gambling. There is a limited maximum deposit that clients of Germany’s online casinos can make. Online casinos are encouraged to consult with German legal professionals before getting a license.
According to the local regulations about online gambling in Germany, using anonymous payment solutions for gambling is not permitted. However, this does not include cryptocurrencies. The gambling regulators have not yet approved bitcoin and other digital tokens as the means of payment in a licensed environment. As of today, there is no restriction on using cryptocurrencies to top-up the online casino gambling balance. This makes it easier for individuals in the country to take part in online crypto gambling market. Cryptocurrencies are popular among gamblers because they offer a high level of privacy and security.
