While the digital cryptocurrency Bitcoins dominated the business world in 2017 in almost all the big countries, China, the home to largest Bitcoin mining community decided to voice dissatisfaction over the market measures and restricted the bitcoin trading on domestic exchange to counter the financial risks.

From putting a stop to the virtual currency on domestic exchange to the complete ban on the International cryptocurrency exchange, Chinese regulators have been proactive in shaping the Bitcoin rise and fall globally. After a massive economic success in past few years in everything from business to real estate market, China, the country once responsible for its dominance in the cryptocurrency world is finally closing its door for domestic as well as international Bitcoin exchange platforms.

In 2017 after conducting significant investigations at BTC China, OkCoin, and HoBi, three largest bitcoin exchanges in Shanghai and Beijing the central bank of China accused them of lack of risk controls. The bank issued an early warning to investors following which exchanges started to upgrade their security system which further led to temporary suspension of Bitcoin withdrawals.

The rise of Bitcoin in recent years has seen the popular cryptocurrency usher into a new dawn with various realms of financial investments. One of the sector holding the strongest ties with Bitcoin is online casinos that has been the first industry to understand and accept the full potential of it. Even though Bitcoin continues to be in a very volatile state with recent fluctuations in its market value, it’s clear that the rise and the fall change to a large degree every time and with more and more demands of Bitcoin casinos there will be no slacking away anytime soon.

One of the primary reason for the interplay of casinos and Bitcoin is the convenience and safety assurance. Starting 2014, 337 of total bets are wagered in Bitcoin every second raising more than $4.5 billion since 2014. In 2013, Bitcoin casinos accounted for over 50% of all BTC transactions. Though the Bitcoin payment system was introduced in 2009, it became more of a requirement than an alternate option starting 2016. The demand has been rising and thousands of new gambling users will eventually cause it to explode. At present less than 0.5% of the international population has truly ventured into the cryptocurrency industry.

Bitcoin casinos offer players best games that are provably fair, provide quick cash outs and also an improved gambling encounter. Suffice to highlight that the direct deposit and withdrawals, easy and secure transactions have to lead to crypto becoming widespread. Various platforms like Bit Starz and Mars Casino offer exclusive categories for Bitcoin games only. Due to the decentralized nature of payment system, it has become a widespread issue to authorities for the fact that it’s difficult to trace.