Is It Legal To Play Bitcoin Casinos In The Philippines?
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Yes, gambling is legal in the Philippines if you play in a licensed and regulated casino. The Bangko Sentral ag Pilipinas’ Circular No. 944 authorised the BSP to direct formal control on virtual currency and their exchanges. Also, gamblers must be at least 21 years of age to gamble in a casino or any gambling site.
In 1975, President Ferdinand Marcos issued Presidential Decree No. 1607 -a to define the legal scope of gambling through the Philippine Amusement and Gaming Corporation (PAGCOR).
Only the forms of gambling listed by the law are legal. PAGCOR operates and regulates gaming clubs, casinos and similar recreational facilities.
Multiple Regulatory Bodies
Subsequently, many laws and commissions have been established to regulate the gambling industry in the country. For example, the Philippine Racing Commission regulates horse racing, while the Games and Amusement Board controls betting in horse racing.
The Philippines’ online gambling industry takes an interesting twist. The country is distinctly divided into two regions for gambling reasons.
PAGCOR tightly regulates gambling in a significant region of the country. Citizens can place bets in any of PACGOR’s terminals anywhere in the country, or they can decide to gamble at offshore betting sites.
The law bars independent operators from offering online gambling services to the Philippines. However, offshore providers are free to provide betting services to Filipinos. That means no laws prevent locals from engaging in online gambling.
Additionally, PACGOR can only offer land-based gambling services but has no authority over online gambling and betting services. Philippine Offshore Gaming Operators (POGOs) provide online gambling services to customers outside the Philippines. POGOs mainly target Chinese gamblers.
The second is the Cagayan Special Economic Zone and Freeport, popularly known as ‘Cagayan Freeport’. This region is under little control of the PAGCOR and many independent casinos here only offer their services to tourists.
Cagayan is the only region in Asia with online gambling laws. While it is hard to obtain a Filipino gambling license from PAGCOR (application fee is $40,000, $48,000 for the first year after approval and an annual renewal fee of $60,0000), holders have access to the rich, untapped and booming Asian gambling market.
How Can You Find the Best Crypto Gambling Site in the Philippines?
The rise of crypto gambling, especially bitcoin gambling, is one of the latest and life-changing financial stories of the 21st Century.
Apart from safe, secure and fast payment to customers, crypto gambling is becoming popular every day because of low transaction charges, among other multiple benefits over traditional ways of gambling.
There are numerous Bitcoin casinos available in the Philippines, but you should strive to find the best sites. With the help and information from the article about crypto casinos by Bitcoinist, we will in this article aim to help you find the best bitcoin gambling sites in the Philippines. Let’s get started.
Safe and Licensed
Generally, the Philippines lack laws for or against crypto gambling. Gamblers can wager in crypto without worrying about breaking any law. However, a legitimate commission or body outside the Philippines should regulate the bitcoin casino.
You don’t want to place your wager on an unregulated crypto casino that can run away with your hard-earned Bitcoins. Ensure that the casino abides by the region’s laws, whether in the PAGCOR’s territory or the Cagayan Freeport.
Only bet on a safe casino you trust will pay your winnings fully and immediately. Confirm whether the casino owns a certification or accreditation from a legal betting commission.
Check if the site has a certification from encryption and security services that tells you that the site can guarantee you the safety of your bet and winnings.
Does the Crypto Casino Offer a Variety of Games?
You will mostly want a variety of games to try and play. A good bitcoin casino will provide different games for the player to enjoy and bet on. A crypto casino should have all kinds of theme slots and classic games like roulette and baccarat.
Many games mean you have a variety to choose from, including your specialities. You can have fun as you build a winning strategy from the bet.
Are there Bonuses and Promotions on the Site?
Crypto casinos can show that they appreciate and value you as a customer by giving you free tokens or spins to play with on their sites. Only the best crypto casinos in the Philippines will offer bonuses and promotions when you play with them.
The best crypto casinos in the Philippines will offer your 1 BTC to 5BTC as a welcoming offer, plus other additional bonuses from time to time. Take advantage of the welcoming bonuses to kickstart your gambling spree and learn how to navigate their site.
Do They Offer Quality Customer Service?
A good crypto should offer excellent customer service 24/7. The customer care desk should address all customer issues as soon as they are raised. Any problem with bitcoin transactions or how to place a bet that a customer has will be sorted in time and promptly.
A good bitcoin casino will provide various means the customer can reach them. You can use mail messaging, telephone, message, live chat or even a chatbot for commonly asked problems.
Check on the casino’s customer service reviews from reputable sources, or you can test various communication media to gauge how long they take to respond to your issues. Avoid casinos with poor customer service and many negative reviews because you might have a bad experience.
Site User-Friendliness
Online gambling is gaining popularity as technology advances. Many people will only play in a crypto casino where they enjoy the experience, understand the site and can easily navigate through its features.
Therefore, a good crypto casino must uphold user-friendliness on mobile devices and desktop platforms. Sites should be able to update in the background automatically, consume low data and load very fast. Also, the colour theme for the site should protect the user’s vision and provide pleasing aesthetics to the eyes.
Conclusion
Crypto casinos are growing in popularity in the Philippines because bitcoin gambling is safe and secure. Only play in legal casinos that ensure maximum fun and exceptional services from your experience with them.
