Bitcoin gambling rescue online poker in Australia

The situation in Australia regarding online poker came tough since The Interactive Gambling Amendment Bill 2016 was published; this bill banned this game in its territory forcing some large pokers rooms to exit, such as 888poker, PokerStars and PartyPoker.

Australians who were pioneering equaling bitcoin with other currencies traded in the market such as the dollar or the euro are confident that thanks to bitcoin online poker could still have a place in Australia, as players will have the opportunity to play the game they love through a number of different types of sites that are bitcoin-friendly. This comes as a relief for most Australian online poker players.

Bitcoin gambling rescue online poker in Australia
Bitcoin gambling rescue online poker in Australia

Same situation happened in United States when the law declared illegal this online game in its territory, however once again Bitcoin changed that, with users able to fund anonymous accounts via an anonymous Bitcoin wallet. Although the process to fund a poker online account is quite frustrating and a bit of a hassle, they rather go through it than not play to their favorite game at all.

Also mention, that larger poker sites such as America’s Cardroom and BetOnline operating in Australia do not have any problems to keep running despite this ban, as they accept bitcoin as a main payment and they are well-respected brands that don’t have any lack of credibility at all, placing them in a privilege position to continued funding their accounts regardless any restriction by the government.

There is however a big difference between Australia and other countries in terms of purchasing bitcoins. In Australia the process is much easier than how may be in United Stated for instance. In the United States, players have to purchase bitcoin using an exchange site (ex. CoinBase), then transfer those funds into an anonymous bitcoin wallet and finally deposit those funds into your online poker site of choice.

However in Australia, bitcoin can be bought with cash at over 1,200 newsagents. So instead of going through two different bitcoin wallets before depositing funds into a bitcoin online poker site, players will be able to simply make a cash purchase of bitcoin, and transfer those funds into the poker room of their choosing or just do it in person.

This should hopefully soften the blow for Australian poker fans who wish to do what pleases them with their money in light of new gambling restrictions.

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