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In this case, a valid gambling license becomes an important marketing tool that promotes player loyalty and significantly enhances the casino’s reputation. Ethereum has become a decentralized platform that allows other cryptocurrencies and NFT games to be built on, making it the most suitable cryptocurrency for online casinos. In addition, cryptocurrencies are available everywhere in the world at the same value every time. These two factors make online crypto casinos an easy option for gambling enthusiasts. While the question of whether governments will replace their fiat currencies with crypto alternatives is still far off, Bitcoin’s place in the iGaming sphere is already undeniable.
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However, online casinos still have to face concerns such as money laundering prevention, gambling addiction, and users from countries where gambling is illegal. In addition, they also face regulating, taxation, and complying with local and international laws. However, let’s confess that these problems arise because most online casinos are centralized, and the majority of the issues mentioned above can be eliminated thanks to decentralization.