17 October 2018

The promises and pitfalls of cryptocurrency for casinos - compliance challenges and opportunities for the gaming industry

What are the compliance risks for virtual currency customers wanting to enter the casino industry and casinos wondering whether to incorporate cryptocurrencies into their business models?

 

Over the past several years, the casino industry has experienced rapid growth and remarkable developments with new products, new marketing techniques, new approaches to payment, and innovation generally.

Similarly, in the FinTech space, the cryptocurrency markets have increased dramatically in terms of adoption by customers, acceptance by financial institutions and other businesses, and overall market impact, footprint, and significance. Cryptocurrencies also facilitate more efficient payments and appeal to younger, more tech-savvy customers.

Cryptocurrencies and casinos’ compliance operations

How can casinos embrace cryptocurrencies?

Conclusion

  
Footnotes