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Latest casino news south africa
More online casino fans in South Africa lean toward depositing bitcoins into their casino accounts because of unprecedented advantages offered by digital currenciesover the traditional casino games.
Bitcoin gambling is still fairly rare in South Africa, although it has had a steady presence in many casino websites, latest casino bonus. According to data from cryptocurrency gaming research platform Coinhills, South Africa hosted some 15 bitcoin gambling websites at the start of 2017. The online gambling industry is expected to grow to more than half a billion in 2020, latest casino news in usa.
As an alternative to traditional gambling, bitcoin and digital tokens are ideal for cryptocurrency fans, who can play online without the worry of having access to a bank account. This means that South African casinos are well positioned to capture the growing gambling market.
But there are still many concerns about the security of digital coins and cryptocurrencies worldwide, latest casino news south africa. In light of high-profile hacks and security breaches within some cryptocurrency platforms, online gambling is likely to see a rise in regulation.
With the rising number of cryptocurrency options, both South Africans and those who travel to other countries to play online casinos are likely to discover South Africa as a safe haven for online casino fans.
Featured image from Shutterstock
You will know if you are enjoying at a provably fair Bitcoin on line casino should you can verify how the results are being calculated to ensure that deck results are not being manipulated in any way.»
«If a casino in any jurisdictions has been found in contravention of the Act, then that jurisdiction’ regulatory regimes must be thought-about and the casino should be held to account by the affected authorities as applicable.»
Bitcoin poker websites will also be required to submit details about the use of their software to the Australian Crime Commission «in accordance with the proposed rules and consistent with current finest practice.»
The ACT Government was asked the next query: «The ACT Government considers that it should proceed to retain its current regulatory arrangements with Bitcoin gambling platforms. However, the State Government is ready to contemplate amendments to these rules at a later point as could also be required with any adjustments to laws enacted in accordance with the proposed Regulations.»
As of but, no particular date has been announced when the proposed laws will take effect.
As reported by CoinDesk, the proposal has been met with some opposition from poker gamers.
Mike Perry, executive director of the Australian Gaming Machine Association, stated:
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