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The Golden Gate and its sister casino, The D Las Vegas, are now accepting payments in the increasingly popular digital currency. It’s one more milestone for bitcoin, which has also reached its first major online retailer and its first pro sports team. But there’s a catch. The two Vegas hotels are not yet accepting the digital currency on the casino floor, only at their front desks and inside hotel restaurants and gift shops.
This measured approach shows that while bitcoin is rapidly spreading its tentacles across the globe, there are many places where it’s growth is restricted by government regulation — or just the fear of government regulation. Derek Stevens, the co-owner of the D and the Golden Gate, tells us that he and his company stopped sort of accepting bitcoin on the casino floor due to uncertainty over how the government will treat the digital currency.
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