Australia is a well-regulated gambling industry, which makes it ideal for bitcoin casino Australia to thrive. It is definitely the second most popular virtual currency, with more than six million active users worldwide, and although it is not a widespread form of transaction at brick and mortar casinos, it is safe, convenient, and an efficient way of transferring funds between players in different casinos around the world. The growth and acceptance of the currency in the U.S. has resulted in more people taking up the online option. The government is encouraging more people to adopt the technology by introducing regulatory frameworks and making it easier for businesses to get into the business. There are a number of factors that make this environment ideal for an online gambling business based in Australia.
According to estimates, there are as many as 10 percent of all users in Australia who are already familiar with the technology and have at least some experience with online casinos. This means that there are plenty of Aussies looking to try their luck at online casinos. Also, the number of existing sites has significantly dwindled, with some shutting down in recent months and years, due to lack of activity and the need to focus on growing their user base. This leaves a huge potential opportunity for new sites. This has been the general trend in many countries, where the internet allows people to start a business at zero monetary risk, without the need for a large financial investment, something that many traditional businesses in Australia struggle with.
Another factor that makes Australia a desirable location for a site that offers a virtual casino is its recognition as a legal online gambling solution in the country. Many countries around the world, including the U.S., have either banned the entire online gambling industry or have made it illegal to operate websites associated with gambling. These laws often make it difficult or impossible for Aussies to run businesses related to gambling. However, since the emergence of Silk Road and online black market trading, there have been few attempts by international gambling regulators to curb this industry. Therefore, many Aussie bettors who want to try their luck at virtual casinos in Australia can do so without having to worry about making the government angry.
In addition to its legal status and recognized payment method, there are other advantages to choosing an online based casino in Australia over an offshore operation. The primary one is security. An offshore operation may be located anywhere in the world, but it has no way of knowing whether its customers are using it legitimately or not. On the other hand, an online based casino in Australia has something to verify: its own high standards for payment. This can help prevent some fraudulent activities, such as the ones that happened in the previous years when some operators were just looking to take advantage of loopholes in the law.
In addition to its legal payment method and high standards, an online casino in Australia will probably allow players to play for real money. This gives them better chances of winning and is the main reason why they have become more popular among players. However, just like in any traditional casino, wining and losing are part of the game, thus an online casino in Australia should also employ some kind of money laundering and fraud prevention system. This is probably the only way to reduce the risk of getting caught by law enforcement agencies. Since such activities are known to be common in the gaming industry, the developers of such sites should take every precaution to ensure that no customers can be conned.
The Australian financial regulation agency has recently reminded all online casino operators in Australia to implement anti-fraudulent measures and increase controls over their systems. However, most operators have already done so. Now, players can be sure that they are protected from malicious hackers or scammers. So, if you want to play an online casino in Australia, be sure to find a site that offers a great user experience and good security features.