Dogecoin Casinos UK – Are They Available?
One of the strangest outcomes of the cryptocurrency craze has been Dogecoin. It originally launched as a joke back in 2013 but has gone on to become one of the most prevalent types of cryptocurrency available. It’s a great example of the industry’s unpredictability.
However, actually being able to use Dogecoin to pay for things is rare. Very few vendors have signed up to accept it. One industry that has online casino - but are these sites available in the UK? Read on to learn about the current status of Dogecoin casinos UK.
You cannot currently find a Dogecoin casino that’s licensed by the UK Gambling Commission (UKGC). That’s not because they’ve been banned outright. In fact, at the time of writing, the UKGC has written specifically aboutcasinos that want to accept digital or virtual currencies. However, the current rules make it pretty much impossible to adopt cryptos.
That’s because every licensed British casino must follow the UKGC’s strict anti-money laundering requirements. Cryptocurrencies are largely anonymous and could allow gamblers to conceal the source of funds. This is something that cannot be accepted by the regulatory body.
Unfortunately, it is difficult to see licensed casinos that accept Dogecoin becoming available in the UK. That’s because it would require a fundamental change in either the UKGC’s rules or how cryptocurrencies operate.
In terms of the UKGC, they would have to loosen the requirement for casinos to be able to check a player’s source of funds. But these checks are important to reduce money laundering in online casinos, which is one of the UKGC’s most important tasks. In fact, if anything, it’s likely that these restrictions will only get tougher in future.
The alternative would be a change in the way cryptocurrencies work. But anonymity is central to cryptocurrencies as it’s a fundamental pillar of blockchain technology. So it’s almost certain that this won’t change either.
This leaves a deadlock that’s unlikely to be broken.
The only possibility is if a new cryptocurrency came along that was a bit more transparent. But it would need to gain traction with traders around the world to be considered worth it for the casinos to adopt. So overall, don’t hold your breath for this to happen.
So as cryptocurrencies aren’t currently accepted at any UK casino with a license, that doesn’t leave too many options. In fact, the only way to play at these sites is to go back to using British pound and deposit using one of the accepted methods.
So if you have to sacrifice crypto to play then you should at least choose a top UK casino online to make up for it. All the sites listed here offer a range of benefits to keep you entertained for longer.
And if you like the idea of holding money in a virtual wallet similar to Dogecoin and other cryptos, these top UK casinos offer a variety of e-wallets. For example, many accept PayPal - which is one of the most popular payment methods that British players use. Deposits are instant and withdrawals are fast. It’s also one of the most reliable ways to pay over the internet.