Experts Predict Major Restrictions on Online Casinos in 2022, How To Be Prepared?
The post Experts Predict Major Restrictions on Online Casinos in 2022, How To Be Prepared? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Every year brings something new to online casino players. For example, the year 2021 was marked by the further development of live games and a massive number of slots with the bonus buy option.
However, experts believe that in 2022 an entirely different trend will dominate, and players may soon lose access to their favorite games.
Will 2022 Be the Year of the Online Casino Ban?
Today, several countries already prohibit their citizens from participating in online gambling.
As a result, players have to use a VPN or access offshore sites located in jurisdictions where online gambling is still permitted.
Sadly, you risk having your winnings confiscated if you practice this approach at a regular online casino.
Experts predict that online gambling regulation will only intensify in the coming years. In particular, such restrictions are being prepared by Georgia; there are also similar initiatives in other countries.
CBDC — Dystopia for Online Casino Players
The active development of central bank digital currencies (CBDC) is taking place right now. The authorities don’t even try to conceal that CBDCs will become a tool of total surveillance and control.
As the general manager of the Bank for International Settlements Agustín Carstens recently stated:
“We don’t know who’s using a $100 bill today, and we don’t know who’s using a 1,000 peso bill today.
With the CBDC, the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.”
Look at China — the first country to develop CBDC. There, citizens are already at risk of losing access to their money if their social rating falls below a certain level.
As CBDCs are being developed in many countries, they will also soon become a reality in the Western world.
One day, you may want to deposit into an online casino but won’t be able to do that.
How to Access Your Favorite Casino Games
Luckily, there is a solution. Cryptocurrencies provide financial anonymity and cannot be blocked. They were invented over a decade ago but have gained particular relevance recently.
Simply convert your money into a cryptocurrency, and no one will be able to block your transfers, regardless of whether you want to play at an online casino or pay for some goods.
Many players habitually use bank cards to deposit funds into online casinos, unaware of the impending threat.
However, if you want to keep access to your favorite games, now is the time to think about it.
How to Buy Cryptocurrency
Many players believe that it is hard to buy and use cryptocurrency. This is not true.
Cryptocurrencies have undergone significant changes lately, making them no more difficult to use than PayPal.
Here is how to buy your first cryptocurrency:
- Open a crypto exchange account. Coinbase, Binance, and FTX are currently the largest and most trusted exchanges in the world;
- Complete verification if needed;
- Top up your account with traditional money using a bank card or another payment method.
Thereafter, the money will be instantly credited to your account. Now, you can freely buy any cryptocurrency at your discretion.
Best Cryptocurrencies for Online Casinos
Online casinos support multiple cryptocurrencies with their advantages and disadvantages.
- Bitcoin (BTC) is a middle ground variant. Transaction processing takes about 10 minutes, fees are low, and all games are available;
- Litecoin (LTC) is the ideal option for casino deposits. Fast transfers, low fees.
- Ethereum (ETH) provides fast and expensive transfers;
- Dogecoin (DOGE) allows fast and cheap transfers but is not so widespread.
- XRP offers superfast and cheap transfers, but not all games may be available.
Where to Gamble with Cryptocurrency
You’ve probably noticed that more and more online casinos start to accept cryptocurrencies, as they see numerous advantages of this payment method for their players.
Nowadays, there are multiple solid places to play for cryptocurrency. One of them is LTC Casino that makes emphasis on privacy and comfort for its players.
Hence, it does not require any verification at all. You win and instantly get your money, no documents or other complications.
The casino supports various cryptocurrencies, so it will be easy for you to deposit and withdraw money. Moreover, it offers lots of games you are used to playing at traditional online casinos.
Finally, LTC Casino features a dedicated WIKI section. They collect gambling strategies, tips for using cryptocurrencies, and links to other trusted crypto casinos.
Taken together, these factors make LTC Casino a perfect choice for a novice crypto gambler.
If you need any clarifications, feel free to contact 24/7 customer service on the website via live chat or email.
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