The Truth about Bitcoin Gaming and Credit Cards

2 min read

The main reason for the changes in the laws is that too many people are used to creating debts that they cannot pay. The lawsuits forgave the debt, paid the lawyer’s services in full and left the credit records intact. This is good for indebted people, but bad for credit card companies that end up losing a lot of money.

Credit card company response

The payment card companies decided to tighten the credit balance rules by changing the conditions for receiving a card. You will now find higher interest rates for certain transactions, so I hope the user thinks twice before creating debts in a certain way.

bitcoin gambling addiction

How to avoid financial difficulties

Many people struggle with bitcoin gambling addiction and online payment card play makes spending large amounts of money easier than betting on land casinos. Many land casinos even advise players to leave their cards at home so as not to be tempted to spend more than they can afford. Visiting an online casino makes this discipline even more difficult because you generally get access to these games from home. It is better for someone you trust to be responsible for your credit and debit card during the game so that you do not end up making rash decisions about your money.

What does the law say?

Some countries and states have identified areas where the game is legal, but not in others. This means that you can easily violate the law if you play with credit and debit cards. Online gaming is already banned and this has led to interesting court cases where credit card companies are prosecuted for allowing the game, not for playing online.

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