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How Will India’s Fairer Regulation Of Cryptocurrencies Affect The Casino Industry?

how will india fairer regulation of cryptocurrencies affect the casino industry

The Indian government has previously prohibited the use of cryptocurrencies because of legal issues. However, the ban was removed. As a result, the Indian government intends to rethink its approach to cryptocurrencies. Recently, an anonymous official revealed to several business newspapers that some officials in the Indian government believe the government should have a fresh look at cryptocurrencies.

For instance, although the Reserve Bank of India imposed a blanket ban on all crypto-related financial services at the banking level in 2018, the ruling was overturned by India’s Supreme Court in 2020. It is the latest signal that India can move away from its restrictive attitude towards cryptocurrencies and consider the potentials of blockchain technology.

The Impact Of Cryptocurrencies On The Online Casino Market

Cryptocurrencies have numerous advantages, including security, privacy, and low costs. Cryptocurrency transactions, thanks to blockchain technology, can never be edited, altered, or manipulated. Except for a bitcoin wallet address, cryptocurrency transactions require no user information. Furthermore, it will be less expensive for casino operators to accept cryptocurrency payments. According to reports, casinos only need to pay a third party 0.5 percent of the transaction value to process Bitcoin payments. When compared to other payment platforms, it is significantly lower.

With the above advantages, online casinos should not ignore the attraction of this currency. More and more betting sites accept bitcoin payments, mainly when governments gradually accept cryptocurrency as a legal payment method. So in the Indian market, which is the best Bitcoin casino?

At first glance, it is difficult to say which is the best because a market as large as India has so many great peaks in gambling industry. However, if you are looking for the best bitcoin casinos in India, this article will provide you with five excellent options. All information about these best bitcoin casinos for real money from this article is compiled from a reputable website in the gambling world – CasinoMentor.com.

True Flip Casino

True Flip is one of the leading betting sites in India. With its user-friendly interface and many games from famous studios such as Netent and Microgaming, you’re sure to enjoy it. We recommend games such as Lightning Roulette, Dream Catcher, Immersive Roulette, and Infinite Blackjack.

True Flip also works with crypto-friendly game providers. It means that you’ll have no trouble playing live with Bitcoin. Furthermore, promotions and tournaments are cleverly designed to provide you with new ways to have fun.

1XBIT Casino

If you live in India and are looking for a casino to play at, 1XBIT is one of the websites you should check out. The extensive collection of games, casinos, and bonuses will astound you. Although its interface may be a little overwhelming at first, it is well worth your time.

It also provides some fantastic bonuses for casino players. There will be seven bitcoin bonuses to make your bitcoin adventure more enjoyable, as well as other additional promotions. Furthermore, 1XBIT’s unique contests, including the most dynamic Bitcoin promotions, will keep you busy and entertained.

BitStarz Casino

2.7 million registered people is impressive for any betting site, and BitStarz has achieved this number. It is a testament to the quality of the website’s service. Especially, Indian players will especially have access to this and more, including fast cashouts, 24/7 customer support, and various other perks of the experience.

Because of its dedicated customer service, BitStarz is an award-winning casino. Furthermore, BitStarz is one of the best options for players with bitcoin wallets with a devoted bitcoin game section. You can also get a variety of hot bonuses and play a variety of games.

MBit Casino

Without a doubt, MBitCasino is one of the best options for Indian Bitcoin casino gamblers. It made a big hit in the bitcoin gaming community, and there are many reasons for that. The casino welcomes new players with a bonus of 5 bitcoins and 300 free spins. These bonuses are impressive. Players can take the prize and skip the exciting casino games.

However, MBitCasino will regularly entice players with great promotions and bitcoin-friendly contests. For instance, players will be able to benefit from cool things such as the 2×100% Bonuses each Friday, 3×30% Bonuses up to 1 bitcoin, and 20% Cashback Every Day. It will be hard for you to resist these exciting rewards.

FortuneJack Casino

FortuneJack is a comprehensive casino that focuses on giving players the best possible experience. It is equipped with everything needed to play bitcoin games in India. You will benefit from a 20% guaranteed cashback on your first deposit without any wagering requirements. The casino also has a three bitcoin progressive jackpot promotion that is just waiting to be taken advantage of. In addition, in the section dedicated to bitcoin games, you can find six bitcoin welcome offers available to players from India.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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