Everything you need to know about bitcoin gambling
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According to experts, the global gambling industry will exceed $ 525 billion by 2022. About 50% of transactions with bitcoin gambling are made in cryptocurrency. There are many sites offering gamblers a wide range of gambling games where bets are accepted in cryptocurrencies. The question of the legal status of such businesses is interesting.
There are two types of online casinos that accept cryptocurrency.
Online casinos accept all bets in cryptocurrency. They need to obtain a license to operate using bitcoin as the only means of payment. A local law firm sent a request to the Ministry of Finance of the specified state to ask about the legality of using Bitcoin as a payment method. It is necessary to check the following issues: is it prohibited to conduct gambling on the territory of this state, whether such activities are subject to licensing, and the official status of Bitcoin in a given country.
All payments in the United States were to be made strictly in paper money.
If the casino accepts cryptocurrencies, it accepts deposits in Bitcoin. This rule applies to all popular bitcoin gaming portals.
Duckdice is the most popular website for Bitcoin gambling. It offers a large collection of casino games, various bonuses and many special offers.
