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KYC is “massive” in the crypto field, according to Barbee, since cryptocurrency businesses are classified as money transmitters by the US Treasury’s Financial Crimes Enforcement Network. Gaming and FinCEN have worked collaboratively to ensure compliance with all Bank Secrecy Act anti-money laundering standards. There are still some bitcoin exchanges that aren’t adhering to the different regulations, according to Barbee. Crypto Market Growth: What The Future Holds For Cryptocurrency BCH is a decentralized cryptocurrency. Unlike fiat currency, the coin is not regulated or controlled by a specific government entity. It is, therefore, easier for the crypto to be used in gambling transactions across the globe, especially in regions where the online gambling scene faces restrictions when it comes to processing casino or sportsbook deposits and withdrawals. This is the reason why more gambling establishments are accepting crypto.
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3200 North Ameristar DriveKansas City, Missouri 64161 Top Casino Sites For BTC Games & Crypto Bonus In 2022: Considering how massive, innovative and dynamic the iGaming industry is, it is bound to become more widely legal across the US. This is not a question of if, but a question of when: perhaps the key to legal and safe online casino gambling lies in technology like Blockchain.