The crypto casino industry is making its rounds across many countries, and it is becoming more popular as the day goes by. The rise to the popularity of the crypto casino industry is due to cryptography and the blockchain technology that enables faster transactions, anonymity, security, and so on. However, the way cryptocurrency is being handled varies from country to country. As such, some countries are more welcoming of the idea of the crypto casino than others.
Five of the most popular countries that support crypto casinos are United States, Canada, Australia, Japan and UK.
- Crypto Casino in the United States
Studies reveal that one in every ten Americans has a cryptocurrency investment. And with the recent spike in the price of Bitcoin, the number of American investors in the industry just got bigger. So, it shouldn’t be a shock to you if the crypto casino industry is targeted at this country. After all, a large number of the country’s population already has crypto. So, it is only logical that the market will grow in the country.
Another reason for the spur of crypto casinos in this region is gambling laws. The United States does not have any law that states that gambling with cryptocurrency is illegal. For this reason, most people in the United States prefer enjoying their favorite casino games in crypto casinos unlike the traditional ones because of the perks that come with it.
- Crypto Casino in Canada
The last few years have changed how cryptocurrency is viewed, and Canada is no exception. Canadians have an affinity for cryptocurrency. And with online casinos adopting the use of cryptocurrency shows how it has entered every area of our lives including investment and entertainment.
When it comes to crypto casinos, Canada is at the forefront. Crypto casinos are so popular in Canada that online casinos that don’t offer this payment option are desperately making plans to change that.
- Crypto Casino in the United Kingdom
The United Kingdom is another country known to be dominated by the crypto casino industry. About 4% of the adult population in the United Kingdom owns a cryptocurrency. This statistic is because the United Kingdom is one of the most crypto-friendly countries in the world.
Moreover, most offshore bookies and online casinos are available in the United Kingdom. And because the United Kingdom is a crypto-friendly country, most online casinos based in the region accept cryptocurrencies. Hence, the United Kingdom is the perfect go-to online casino for overseas punters. Additionally, these crypto casinos guarantee their users decent odds and better security.
- Crypto Casino in Japan
Japan is another favorable cryptocurrency region due to its business development relation. Major firms and investors have blossomed in Japan thanks to its crypto-friendly environment. Statistics also support that the cryptocurrency market in Japan will take a continuous upward trajectory, which means that more cryptocurrency will be in circulation.
Moreover, Japan has been one of the most popular gambling destinations in the world. Hence, it is only expected to find such a spike in the number of the crypto casinos there. Sadly, with the new crypto asset law passed by the Japanese House of Representatives, the custodian and exchanges of crypto assets may be affected.
- Crypto Casino in Australia
Over 80% of the Australian population are involved in gambling in one form or the other. The reason for such a high number of Australian punters is because of the low to no regulation of casinos in Australia. Although laws are restricting Australians from gambling, these laws are not as rigid as in some other countries.
Additionally, most Australian online casinos allow punters to transact with cryptocurrency. Australia is also a crypto-friendly country; hence the reason online casinos allow crypto as a payment option. Moreover, these online crypto casinos offer a wider range of games and software than brick and mortar casinos. As such, punters are constantly online, playing casino games at these crypto casinos.
To sum things up, the crypto casino industry is more popular in some countries compared to others. This could be as a result of how crypto-friendly the country is and whether or not laws are restricting online gambling and the use of crypto, amongst others.