Casinos come with great advantages but also a risk. Online casinos now require licensing to operate in regulated countries to attract more players and minimise mishaps. Each crypto casino license option comes with its requirements, directed at the casino’s location, the banking limitations, currency options and a few others.
The issuing of a license represents permission by a gambling committee that the online casino in question has provided valid proof that the site is legitimate and all players’ payouts are guaranteed.
A quality crypto casino should offer a gambling license. With one, players have the peace of mind that operations are fair and payouts occur. An online casino is a platform that allows players to be in sports or games with a bet or luck-based results.
What The Casino Licenses Allow For
- Buying gaming software from top casino game developers
- Incorporation of customisable payment systems, such as Mastercard, visa, skill and cryptocurrency transfer.
- The insurance of honest and legal runnings of business.
- Increased exposure and player trust. Second, to this, a license allows for comfortable terms for cooperation.
Rules And Regulations Upheld By Online Casino Licenses
Like any committee or governing body, rules and regulations must be met for a gambling platform to be awarded a license. Each country or gambling jurisdiction holds set rules and regulations that coincide with the laws of the geo for transparency.
For a crypto casino to gain a license, the platform must comply with the law and license terms and conditions. The number of regulations required to obtain a license depends on the country the site would like to operate in and the license it would like to gain.
The main regulations of licensing are as follows:
- An operator will need to implement and conduct policies which allow for the prevention of gambling addiction.
- A licensing logo must always be displayed, allowing gamblers to be away from the site’s license.
- RNG certification
Gambling Sites Control Committees
On top of licensing, gambling sites are required to crack the nod of approval from the necessary regulatory body. This gambling body is responsible for granting or denying online crypto casino sites a license.
The Curacoa and UK Gambling Commission are the most popular gambling licenses for online crypto casinos. The Curacao license is one of the longest-standing, dating back to 2002.
Leading Gambling Jurisdictions in the World
The benefit of ensuring licenses at the site you play at is that you guarantee the platform offers safe and fair gaming. Several countries gain more traffic than others, and this is often due to the more relaxed laws the jurisdiction holds. Here are some of the more notable crypto casino licenses.
- Curacao, Established: 2002
- Malta Gaming Authority, Established: 2001
- Alderney Gambling Control Commission, Established: 2000
- Isle of Man Gambling Supervision Commission, Established: 1962
- Gibraltar Licensing Authority, Established: 2005
- Kahnawake Gaming Commission, Established: 1996
- UK Gambling Commission, Established: 2005
At BC.Game, gamblers are playing with the guarantee of fairness, thanks to the Curacao licensing held on the site and recognition from the Crypto Gambling Foundation, which you can read more about further down.
Crypto Gambling Foundation
To further enhance the crypto casino community, a governing body was created to regulate and maintain the high-quality standards it is known for. This committee is called the Crypto Gambling Foundation.
Crypto Gambling Foundation encourages the growth of the crypto casino market. This is done by providing players with a service that delivers respect, transparency, and fair play.
BC.Game Crypto Casino
Being a leader in its field, BC.Game is one of the few crypto casinos that deliver on all fronts besides game selection and the opportunity to win; it’s licensed through Curacao and acknowledged by the Crypto Gambling Foundation.
BC.Game also ensures provably fair gambling, allowing players to verify all results themselves. Some of the most attractive games for new players often include house games. The top options are crash, towers, dice, Plinko and a few others.
To ensure it is not just fun unfolding but also the opportunity to enjoy the entertainment without the need to worry about security, BC.Game continuously improves on its offering. Right now, BC.Game offers the latest security features and the implementation of the most advanced encryption and protocols. If any query arises from the site, there is a 24/7 support team that offers information on security and more.
Gamble At A Secure Crypto Casino
Luckily, you have found the perfect platform, catering to everything from entertainment to reward. Playing at BC.Game or another licensed gambling site minimises your risk and increases your opportunities.