Countries have a different approach to gaming industry from the start. Some country officials think that gaming has to be illegal in the whole region, while other countries give it a flexible legal framework. Most developed countries decided to provide the gaming industry a great start-up. If we take a real-life example of Australia, Gaming is a very profitable industry, not for operators but also for the country. The budget of Australia is getting a minimum of 2 billion Australian dollars in the budget from gaming operators every year. What’s the secret of the country’s success? What do they offer to gambling operators?
What’s the Secret Formula for Success?
Australia has no secret for its successful approach. Country officials have a very straightforward and soft approach to every new trend. When gaming became a trend, the Australian Parliament made it legal in a whole country. Crypto platforms became popular? The country gave the green light to use Bitcoin payments into any gaming platform.
The Australian government is trying best to keep up with trends, and that’s why they are successful. The latest trend in the world was indeed a cryptocurrency, and the Australian government made it legal in 2017.
Crypto’s Rise and the Reaction from the Country
If an entrepreneur is outstanding, then they see the advantage of the trend from the start. The same scenario went with the Australian government as they have made cryptocurrency legal in the whole country. The country’s government described Bitcoin as a property. So, crypto became an effective weapon in the hands of the progressive Australian government.
It’s been two years, and today we have the best Australian Bitcoin casinos. Those casinos dominate not only local but also on a global scale.
Bitcoin and crypto casinos are new trends, and Australian operators rise above quickly. Keep in mind that’s an advantage for the Australian government as they are predicted to add one more billion dollars in the country’s budget from taxes of Bitcoin gaming platforms.
EU Countries Follow the Footsteps of Australia
European countries can’t agree on legal terms of Bitcoin or other cryptocurrencies. EU has no official guidelines about crypto and legality, so respective members have to choose their approach separately. Malta became the first country that followed the route of Australia. The European country is famous for its gaming industry, but promoting crypto and Bitcoin systems transformed its budget and economic situation fully.
Prime Minister of Malta decided to promote Crypto and BTC in the country. PM started his campaign regarding crypto back in 2017, yet we don’t have final legal documentation. Experts believe that the official legal document will follow the Prime Minister’s plan in 2020.
