Isle of Man Eyes Bitcoin Regulation Soon
After Bitcoin exchanges and businesses operating in the Isle of Man were forced to either shut down or look for other banks that will provide them with banking services, the British Crown Dependency may be welcoming a Bitcoin regulation sometime this year. Brian Donegan, head of operations for digital development and e-business, revealed that the government is amending current laws to address the use of cryptocurrencies.
“Given its acceptance of online gaming, Isle of Man is poised to attract the Bitcoin casino operators—new and old in the business—and later on, economically benefit from them.
However, Donegan said the challenge after the legislation is for the island to encourage UK banks to provide services again to digital currency startups and businesses on the island after the accounts of several startups were closed.”
LAC 2015 Opens With a Bang, Full of Interest in Bitcoin
The London Affiliate Conference 2015 gathered thousands of gaming and financial affiliates to what was dubbed as the largest affiliate event of the year. Aside from the big names in the iGaming industry, the Bitcoin gambling industry is well represented by key individuals and gambling sites accepting cryptocurrency. The ‘New Markets and Opportunities’ track also witnessed how the interest is shifting toward Bitcoin.
“Among the speakers who shared insights about the market and affiliation opportunities were Eric Benz, International Director of Operations at GoCoin; Gian Perroni, President of Canadian Affiliate Management Company; Oron Barber, CEO at CoinPoint; and Adam Leonard, Founder of Trebax Group.
The four spearheaded ‘Bitcoin Gambling: How can Affiliates take Advantage’ and talked about the overview of the Bitcoin marketplace and the opportunities that await affiliates in the unexploited niche.”
Unicoin Casino Treats Bettors to Multiple Cryptos, More Bonus Offers
The competition in the Bitcoin casino market is tough, so much that it is a necessity to improve the services to stay in the game. Unicoin Casino did just that and welcomes three altcoins, along with the additional games and casino bonus offers.
“Initially rolling out with a Bitcoin support only, it recently expanded the digital coins it supports and now accepts Litecoin, Darkcoin, and Latium. This gave players more options to enjoy the Bitcoin games it offers.
Unicoin Casino GamesThe inclusion of these altcoins, however, was not planned overnight. In fact, Unicoin Casino already announced shortly after its launch that it is in the process of determining which other cryptos will join Bitcoin, as per the demand from its customer base.”
How Will Bitcoin Gambling Market Encourage Real-Money Online Casinos to Accept BTC?
Bryan Burgett explored the factors that will encourage online casinos accepting fiat currencies to add Bitcoin to the list of supported payment methods.
“Bitcoin brings about great benefits for online casinos that adopt it as a form of accepted currency. It has advantages for both the players and the casinos alike, granting more transparency into how things work and boosting confidence in players. This, along with almost nonexistent fees and instant transactions, makes Bitcoin the perfect solution for online play.”
Bitcoin Casinos Make Bitcoin Gambling a Fun Place with Promotions
Only in the second month of the year, the Bitcoin casinos are already rolling out several promotions for the players to enjoy. Special mentioned websites that feature new bonuses and giveaways are Betcoin Dice, BetBTC, Pocket Rockets Casino, CakeBet, and Infiniti Poker.
“The Bitcoin casino community should be thrilled that several Bitcoin casinos sites have come up with new bonuses recently and others with new exciting games. While freebies do not fail in completing the customers’ full cycle of satisfaction, continuous innovation maintains Bitcoin gambling’s impenetrable stronghold.”