What Type of Regulations Do Crypto Casinos Have?
No one wants to sign up for an online casino that is not regulated and secure. Why take a chance with hundreds, possibly thousands of casinos to choose from?
While the rules for licensing and regulation at conventional online casinos are straightforward, that’s sometimes less the case with cryptocurrency casinos. What types of things should you look out for? Join us as we explore the type of regulations you should expect in cryptocurrency casinos in 2023.
A Gambling License
While some online casinos, including Bitcoin Casino, are regulated by a Curacao license, this doesn’t offer the same level of regulation as a UKGC or MGA license. To ensure that a cryptocurrency casino is honest, transparent, and has fair practices, it’s important to look for third-party auditors that regulate top sites like mBitcasino.io.
It’s not recommended to trust cryptocurrency casinos that claim to regulate themselves. Although Curacao licenses allow for offering crypto games to players, it’s important to note that they don’t provide much regulation. Therefore, looking elsewhere for more comprehensive regulation regarding online gambling is important.
RNG Certification
In addition to the above, a reputable cryptocurrency casino should also be RNG certified. This means that its games are audited to ensure they have fair return-to-player (RTP) rates and that the random number generators that control each hand or spin deliver truly unexpected events. RNG certificates come from iTech Labs, TST, eCOGRA, and Provably Fair (specifically for bitcoin casinos).
Financial Authority Approval
Any top crypto casino must also be approved for finance and banking. A separate regulatory body should monitor and audit transactions to ensure that withdrawals take place and are processed securely. Information on this should be available on the casino’s homepage, “About Us” page, or privacy policy.
Access to Responsible Gambling Programs
It’s not just regulation and licensing that you need to look out for in top crypto casinos. The best bitcoin betting sites also offer player protection. Most of the time, this comes in the form of responsible gambling tools. In short, a reputable site should allow you to limit your deposits, withdraw without limits, and lock yourself out or take breaks from the game whenever it suits you. They should also be associated with problem gambling programs that can provide additional support for troubled players.
It may sound like a lot to ask from a cryptocurrency casino, but it’s not. The best sites can put together a package that has all of the above features, and many more.
I am a woman of passion – and it just so happened that one of those passions is copywriting. iGaming, Crypto casinos, games, you name it, I’m all in. In this industry, the stakes are high, and in order to survive, you have to be a high-roller, so may the odds be in my favor.
