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Cryptopolitan 2021-09-28 04:25:38

UKGC accepts Bitcoin but PayPal seems the preferred choice

The United Kingdom Gambling Commission (UKGC) has made changes to regulations by allowing bitcoin as a payment method in casinos since 2016. The UK, thus, joins the USA, Canada, Japan, and Australia as the countries recognised to be dominated by the crypto casino industry. Bitcoin was the first established cryptocurrency and has stayed dominant despite the release of thousands of different cryptocurrencies. Although this digital currency is mainly appreciated for its high level of convenience for funding and withdrawing, PayPal is still the king payment option in the British gambling market. How has this e-wallet remained the most common payment method?    The UKGC, a jurisdiction to officially accept Bitcoin In 2016, the UKGC applied a new rule to the licensed gambling operators in which bitcoin was added to the payment solutions in the hundreds of online casinos. At that time, it would impossible to imagine this digital currency expanding to the British gambling market but thanks to this regulation, the users are able to move funds quickly, safely, and anonymously. The advantages of choosing bitcoin are significant as this banking option is chiefly used for its faster deposit and withdrawal systems.  Actually, when you fund your online casino account, your first and foremost requirement is a fast transaction. When picking this well-known cryptocurrency, you will experience the quickest deposit and cashin...

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