Cryptocurrency Gambling As of now, it’s legal for Chinese citizens to hold cryptocurrencies but they’re not allowed to carry out any sort of transaction; hence the ban of exchanges. because the market stabilizes within the coming months (or years), we’ll see undoubtedly see a revival of the Chinese crypto-market. Blockchain and cryptocurrency come hand-in-hand (with the exception of personal chain where a token is unnecessary). Countries thus cannot ban cryptocurrency without banning blockchain the awesome technology!
One thing we will all agree on is that blockchain remains at its infancy. Many exciting developments awaits us and immediately is certainly the simplest time to get the inspiration for a blockchain-enabled world. Here may be a question that comes up often: How do i select which crypto currency to take a position in – aren’t all of them the same?
There is little question that Bitcoin has captured the lion’s share of the crypto currency (CC) market, which is essentially thanks to its FAME. This phenomenon is far like what’s happening in national politics round the world, where a candidate captures the bulk of votes supported FAME, instead of any proven abilities or qualifications to control a nation. Bitcoin is that the pioneer during this market space and continues to garner most of the market headlines.
The Current State Of Cryptocurrency Gambling in 2020
If you had any doubts about the relevance of blockchain technology in the future, the online gambling industry would have changed your mind. There are an official license and regulation for online gambling in most countries in the world. But when it comes to cryptocurrency gambling, it’s more complicated.
Right now, there are little interactions between the global regulatory authorities, and only a few countries have started the initiative to control cryptocurrency gambling. There’re countries that have initiated the process, but many wonder if they will complete the full regulation of the cryptocurrency market.
The primary concern is with the framework of cryptocurrency. Satoshi Nakamoto created the digital currency to eliminate the control and regulations that banks have on traditional currencies. Millions of people prefer to have full control of their money without any third parties charging costs and giving them instructions on what they can and can’t do with their money.
That’s the core reason why the growth of cryptocurrency gambling is expanding. Players want transparency, minimal fees, quick transactions, and full control of their crypto funds. The online casino software provided by Vegas-X is a perfect solution if you want to take care of all these things.
In this guide, we’ll discover the current state of the regulations, and how COVID-19 has affected crypto gambling.
Let’s get into it.