The growing rise of online casinos has been accompanied by a series of innovations that make Internet gaming portals advance in the use of technologies such as artificial intelligence (AI) or Blockchain. To stay up to date, it is important to have the support of people who know. And, in the world of online casinos, few people know more than the experts at Casino.org.
The most important independent platform in the affiliate sector has been sharing its guides and reviews in countries around the world since 1995. In Spain, Casino.org is already an industry leader thanks to its unbiased reviews and comprehensive game guides, produced by a fully trained team of specialists.
User safety, Casino.org priority
The Casino.org team is not made up of simple amateurs. Behind each review, recommendation or guide is a group of professionals with extensive experience in aspects such as game regulation, statistics and advanced strategies. But, above all, they are players who have been visiting online casinos for years, trying them firsthand, to offer content as close as possible to the reality of the users.
This multidisciplinary approach guarantees content that combines high-level precision and technique with accessibility for all audiences of playing age. As he comments Fran Sánchez, head of content at Casino.org, “We strive to provide analysis that is not only useful, but also reflects the reality of the global online gaming industry.”
This commitment to transparency and the interests of players is what makes Casino.org a reference in the sector, especially in regulated markets such as Spain. And one of the most common doubts among the site’s readers has to do with the possibility of using cryptocurrencies for deposits in online casinos. What do the experts say about it?
Cryptocurrencies in online casinos
In recent years, cryptocurrencies such as Bitcoin-necesitan-suba-demanda/” target=”_blank” rel=”noreferrer noopener”>BitcoinEthereum or Doge have revolutionized the way of operating in financial markets, banking and many other sectors where economic transactions are carried out. And, of course, online casinos are no exception. Markets and licensees such as Malta, Gibraltar or Curaçao allow, and even encourage, payments with cryptocurrencies. The advantages for users are clear: fast transactions, low or even zero commissions and, above all, privacy.
However, the use of cryptocurrencies in online casinos also poses challenges. The most important of them, the protection of the user and the control of possible illegal activities, such as money laundering or tax fraud. For this reason, some countries, such as Spain, have adopted a different approach when dealing with these digital currencies on online gaming platforms.
What does Spanish legislation say about the use of cryptocurrencies in online casinos?
Although neither Gambling Regulation Law 13/2011nor Royal Decree 958/2020, which regulates gambling advertising, specifically prohibit the use of Bitcoin or other cryptocurrencies in online casinos, there are a series of circumstances that mean that the use of cryptocurrencies is not allowed in online casinos. Spanish casinos with a valid license.
On the one hand, the aforementioned Law 13/2011 establishes that all transactions on gaming platforms must be carried out through payment methods supervised by regulated financial entities. This law is reinforced by RD 958/2020, which insists that Spanish operators must ensure the traceability and security of funds.
These two regulations are joined by Law 10/2010, on the prevention of money laundering and the financing of terrorism, and Circular 5/2019 of the Bank of Spain, which, however, explicitly prohibits Spanish credit institutions from carrying out payments with cryptocurrencies, which links to the Gambling Regulation Law of 2011.
The General Directorate of Gaming Regulation (DGOJ), as responsible for issuing gaming licenses, relies on the combination of these regulations to effectively prohibit the use of cryptocurrencies in online casinos. Although this limits innovation and the use of technologies such as blockchain, it is a decision that seeks to protect players and prevent fraudulent activities.
Casino.org recommends the best payment methods
For all of the above, Casino.org does not include in its lists any casino that allows operating with cryptocurrencies, and they clearly indicate this on their website: “Casinos with Bitcoin or other cryptocurrencies are, at the moment, prohibited by the DGOJ in Spain. Therefore, if you find yourself looking at a website that accepts payment with crypto, it does not have a legal gaming license in our country. Our recommendation is that you do not play on that operator.”
As you can see, Spain has taken a conservative approach towards cryptocurrencies in casinos, opting for transparency and fiscal control. For this reason, the experts at Casino.org review and recommend the most reliable and secure payment methods that you can use in regulated online casinos, and detail the pros and cons of each one, so that you can make an informed decision when to use them.
In any case, it doesn’t look like cryptocurrencies are going anywhere, at least for the moment. So, even if you can’t use them now, rest assured that if they are accepted in the future, Casino.org experts will be there to recommend the best online casinos where you can bet with Bitcoin and the rest of the cryptocurrencies.
The content and links provided in this article are for informational purposes only. CriptoNoticias does not offer legal, financial or investment recommendations or advice. Cryptocurrency investments through ICOs and token pre-sales are high risk. Each interested party should conduct their own research and invest at their own risk. CriptoNoticias does not endorse any investment or similar offers promoted here. For more information visit our Disclaimer.
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