New Zealand’s Take on Crypto Gambling and Casinos
Since the beginnings of the cryptocurrency boom and the unveiling of Bitcoin, upwards of 25,000 crypto coins have been released in the market. The crypto effect has made its mark on nearly every sector, but none more so than the online casino, gambling, and gaming industries, which are naturally suited to developing financial technologies. Due to its tech-neutral legislative ethos and highly productive online gambling market, one country, in particular, is especially receptive to the emergence of crypto casinos: New Zealand. Let’s examine the NZ crypto gambling landscape in more detail and consider the future for online gamers based in the country.
The Cryptocurrency Takeover in New Zealand
The cryptocurrency sector is rapidly developing in the Land of the Long White Cloud. In 2023, it’s estimated that around one-tenth of New Zealanders have holdings in some cryptocurrency, with the average revenue generated by each user standing at around 67 USD. The most popular types of crypto amongst New Zealanders include Bitcoin, Dogecoin, and Ethereum, with an increasing number of people also making use of altcoins. Indeed, crypto is becoming so popular with Kiwis that the country has even seen a recent roll-out of cryptocurrency ATMs courtesy of leading cryptocurrency kiosk operator Olliv. Because New Zealand’s legislative framework is famously tech-neutral, it’s no surprise that the crypto boom has had a particularly notable impact on multiple markets in the country, from the financial sector to iGaming. Let’s take a closer look at how the fluctuating crypto market has affected online gambling and casinos in the country.
The Rise of Integrated Crypto Casinos
Since unveiling the first crypto gambling platforms in 2012, the crypto casino industry has become increasingly sophisticated. Many gambling sites use existing cryptocurrencies to diversify their services and provide exclusivity, enhanced security, and cross-platform appeal. There have even been industry upstarts who’ve introduced their coins with tangible success, such as the increasingly popular TG casino site currently boasts more than a billion users worldwide. Integrated with the exceedingly popular cloud-based instant messaging platform Telegram, TG. Casino has introduced its exclusive form of cryptocurrency, $TGC. Users can enjoy various exclusive perks, including unlimited access to games and rooms, incentives, bonuses, and rewards. Unlike some other coins, transferring or trading $TGCs for other cryptocurrencies or real money and traditional fiat currencies is possible. Many Kiwi casino lovers and crypto enthusiasts have jumped on the TG bandwagon. Casino is expected to have a notably disruptive effect on the national crypto gaming market. Since becoming available for pre-sale in September this year, the $TGC token has already amassed unprecedented interest in New Zealand. It is set to overtake Dogecoin and Cardano by next year.
The Proliferation of Bitcoin Casinos in New Zealand
Bitcoin was first unleashed in 2009 and quickly gained attention worldwide amidst the early days of the crypto boom. As perhaps the first type of cryptocurrency to gain mainstream recognition internationally, it should be no surprise that many casino sites accept Bitcoin in New Zealandរួមទាំងមួយចំនួន top 10 NZ casino sites reviewed in 2023. Some of the most notable Bitcoin casinos currently operating in the country include BitSpin Casino, Bit Starz, bets.io, Winning.io, and 22BET. Other Bitcoin-friendly sites that Kiwi players have favorably received include 7Bit Casino, Mirax Casino, Justbit, and Stake. However, it’s not just Bitcoin and the emerging $TGC that have been embraced by online gamblers in New Zealand.
A Selection of the Most Popular NZ Crypto Casinos & Currencies
A wide variety of online gambling sites serving Kiwi players now enable their members to make wagers, payments, and withdrawals using a range of cryptocurrencies. This includes (but is not limited to) Dogecoin, Tron, Monero, Litecoin, Ethereum, Zcash, Dash, EOS, and Bitcoin Cash. The good news is that crypto-centric players based in NZ could even pick up exclusive bonuses and rewards from the moment they sign up or make their first wager with a new gaming site. Our selection of the most notable crypto casinos currently doing business in New Zealand includes Coinplay.com, SkyCrown, Bc.game, 888starzbonuses.com, Dreams Casino, and Bitvegas. Other popular NZ crypto gaming sites currently doing the rounds include Metaspins, Jackpot City, Vave, Empire.io, and Wild.io.
What’s Next for New Zealand’s Crypto Casinos Industry
Although there has been no call for rigid regulation of crypto in New Zealand yet, the ធនាគារបម្រុងនៃនូវែលសេឡង់ has already expressed the necessity for caution. This is because of unpredictability and uncertainty about how things will likely play out in the crypto landscape. The NZ government is waiting to see how effective regulatory frameworks will be in other countries before taking their own concrete legislative stance. However, New Zealand’s firmly tech-neutral attitude towards emerging disruptive technologies (coupled with the undisputed popularity of various types of cryptocurrency amongst consumers) should ensure that the market continues to thrive, even if it is regulated more strictly in the coming years. This is good news for gamblers and casino lovers in the country, as many of the best online casinos for Kiwi players are highly likely to continue providing diverse crypto gambling options to suit every pocket and digital wallet. In 2023, crypto-centric casino players are encouraged to continue to enjoy the vast range of accommodating sites on offer – nevertheless, approach new sites with caution and always remember to gamble responsibly, especially when you’re playing with real money and crypto assets.