The UKGC allows the use of crypto at online casinos
The UK Gambling Commission was one of the first gaming authorities to allow the use of Bitcoin and other cryptocurrencies at online casinos without a Swedish license. Bitcoin is one of the most well-known and popular cryptocurrencies used by both players and gaming companies. The UK Gambling Commission was the first gaming authority to decide to allow players to use cryptocurrencies at online casinos without a Swedish license. In this article, we will tell you more about Bitcoin Casinos without a Swedish license and how they work in the UK. Read and learn more about Bitcoin and other cryptocurrencies at Bitcoin Casinos with a UKGC license!
New regulation regarding Bitcoin Casinos
UKGC Casinos without Spelpaus are popular and well-known among Swedish players. They offer great and reliable payment services that players will like. The British gaming market is one of the largest in Europe. Therefore, the UK Gambling Commission was the first gaming authority to introduce Bitcoin and other cryptocurrencies as a payment method at UKGC Casinos.
The UK Gambling Commission announced regulatory changes that will affect the use of Bitcoin, Ethereum, Litecoin, USDT, BUSD, and similar. The announcement was made by the UK Gambling Commission and then the update was published on the UKGC’s website. In the License Conditions and Codes of Practice, you will find the following information:
“Legal and licensed casinos must, as part of their internal controls and financial accounting systems, implement appropriate policies and procedures regarding customers’ use of payment services and alternatives to cash (e.g., bank exchange, checks, and payment cards and digital currencies) designed to minimize the risk of crime, such as money laundering, to avoid giving customers illegal credit, and to ensure that gaming activities are conducted in a way that promotes licensing objectives.”
By introducing the concept of “digital currencies,” the UK Gambling Commission made it legal to use decentralized currencies at international casinos without a Swedish license. Today, there are different casinos without BankID that offer Bitcoin, Ethereum, Litecoin, USDT, Tron, Ripple, BUSD, and so on. Many players use Bitcoin and other cryptocurrencies to play anonymously. If you value your anonymity, we recommend learning more about Anonymous Casinos.
International Casinos with Bitcoin
The first gaming authority to legalize playing with Bitcoin was the Curacao eGaming Board. The small island was the first to decide to allow players to use Bitcoin and other cryptocurrencies. The Isle of Man Treasury and the country’s Gambling Supervision Committee have also decided to introduce the use of Bitcoin and other currencies.
Today, you can also play with Bitcoin at MGA Casinos. MGA Casinos offer a wide range of games and guarantee player safety. Because of this, many players choose to register and play at casinos with MGA licenses. At MGA Casinos without Spelpaus, you can also get an unlimited number of bonuses, especially if it is a Bitcoin Casino. You can get different bonuses in BTC, ETH, LTC, and many other currencies such as Bitcoin Cash or Ethereum Classic.
Paving the way
The UK Gambling Commission was the first European gaming authority to legalize the use of Bitcoin at online casinos without Spelpaus. The UK Gambling Commission has had an important goal of paving the way for other European gaming authorities that operate in the European Union. Today, there are several gaming authorities that issue licenses to Bitcoin Casinos.
You can play with Bitcoin at MGA Casinos and UKGC Casinos. In Swedish casinos, it is impossible to use cryptocurrencies. The Swedish Gambling Authority and the government are imposing more and more restrictions and limitations. Because of them, you cannot use cryptocurrencies at Swedish online casinos.
For a gaming market like the UK, which is the largest in Europe, the regulator’s green light for digital currencies can increase acceptance and understanding of digital currencies among the general public. This is because the UK’s largest gaming companies are set to use Bitcoin as a new payment method over the coming months, and there is very little reason why they wouldn’t. If you want to find the best casino with Bitcoin, we recommend checking out our list of the best Bitcoin casinos. Check it out and choose the suitable option!
Benefits of Bitcoin Casinos
One of the biggest and most important benefits of using Bitcoin is decentralization. This means that Bitcoin and other cryptocurrencies are not controlled by any central bank or government. If you use Bitcoin at online casinos without Spelpaus, your money will not be blocked or frozen. All transactions are anonymous and completely tax-free.
The second advantage of playing at Bitcoin casinos is the transaction fees involved. Making a deposit or withdrawal is almost free. Fees charged by the crypto system are low. Classic payment methods such as e-wallets or card payments charge higher fees than Bitcoin transfers. These payment methods can charge up to 5% for each deposit and withdrawal to and from casinos, including crypto casinos.
The final advantage is anonymity. Thanks to decentralization, you can conduct completely anonymous transactions. All transactions carried out via the crypto system are publicly visible but no one can know about players who make these transactions or the independent casino to which the money is transferred. Many crypto casinos also offer completely anonymous gaming accounts, allowing you to not disclose your personal information on the website.
