Can Cryptocurrencies Rule over Online Gambling Platforms?
By Max Steadman – Cryptocurrency Enthusiast
As technology continues to advance, many casinos and bookies have moved online. Millions of players are logging in to continue their experience and a large number are familiarizing themselves with Bitcoin, meaning cryptocurrencies have started drawing attention to themselves in an ideal sector.
The online gambling world has been changing gradually over the last two decades and we've been here to see every transition. Cryptocurrencies have now been approved as supported payment options by the top names in the online gaming industry. A new wave of online gaming sites, such as crypto casinos, have joined the market in the last couple of years.
Cryptocurrency use in Online Casinos
The gaming market has benefited from the rise of the internet and Internet of Things technologies with artificial Intelligence (AI) being a perfect example of that. When making payments online, players like to know that their details will be protected and their payments will be fast. This is where cryptocurrencies come into play due to the secure nature of their decentralized networks. They do not request any confidential or financial information and third parties cannot control your account.
When it came to choosing a payment vessel in online casinos, thanks to their potential to enable quick transactions, cryptocurrencies were the obvious option. For members, online casino games using a cryptocurrency may also be promoted as a reward. Cryptocurrency networks have a high-security threshold and are not easy accounts to breach providing users with greater security and re-assurance.
With relentless growth in popularity, more and more casinos are adding games that accept cryptocurrencies enabling players to experience a multitude of fun while remaining entirely secure. Not that long ago, cryptocurrency trading was considered gambling. Yet groundbreaking technology has proved many skeptics wrong and continues to do so. We are yet to see the full consequences of the introduction of digital currencies and blockchain, but more are enabling the technology.
If you are interested in the future of cryptocurrencies, you can Buy and Sell cryptocurrency on our platform. We make buying Bitcoin and Bitcoin investing easy and user-friendly, with the best market rates available.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards