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Cryptocurrencies Basically Gambling Claims Bank of Canada

The world of cryptocurrencies is growing very quickly, even as the value of Bitcoin continues its slow rise. However, for some people, the world of digital assets remains a murky and complicated arena. Bitcoin has had its sceptics, as have all crypto assets, and now it seems that the Bank of Canada has waded into the debate.

Indeed, the Bank of Canada has branded cryptocurrencies closer to gambling than investing. The cryptocurrency industry hit the news globally in the last week when it was announced that social media giant Facebook will be launching its own cryptocurrency coin. The announcement that Facebook will release Libra Coin was met with excitement in some areas, and scepticism in others.

And this has posed the question of the influence of cryptocurrencies on the gambling industry across Canada. We all know that gambling with Bitcoin has become more popular in recent times, and this is something that could become much more widespread across the land in the coming years. So, it is important to consider what influence these claims by the Bank of Canada might have on this moving forward.


As Crypto Sector Sees Some Growth Financial Institutions in Canada Hit Back.

If you want to find out more information about cryptocurrencies and the role they play in the casino industry across Canada you should visit our Online Casinos Canada and check out our news section. It’s clear that this is something with a big bearing on the industry moving forward, and there are so many ways in which cryptocurrency can play a role in casinos across Canada, both online and offline.

It’s clear that things like Bitcoin are not going away any time soon, and cryptocurrency will surely have a large role to play in the future of the industry. There are so many things that play a role in influencing the industry across Canada, and there are a lot of factors that might cause Bitcoin and other crypto to become the currency of choice for gamblers.

Indeed, popular Canadian crypto exchange NDAX is now backed Ledger Vault in a move that sees some truly positive growth for the industry, as well as putting Canadian crypto back under the spotlight. We could well see a lot of growth when it comes to cryptocurrencies across Canada, and there is a good chance it could make its way into casinos in a more obvious way.

Check out some of our top rated online Canadian casinos where you can visit to indulge in some wonderful slots gaming from the comfort of home. Some of these may well start accepting cryptocurrency like Bitcoin in the coming future, so make sure you watch this space closely.

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