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I believe it does apply for all currencies like most other similar casinos (casinos that accepts both fiat and crypto).
That is exactly the reason why I am asking.
I'm a bit disappointed that the Bao Casino representative completely ignored my questions. This makes me suspect that he/she doesn't know because they copied the terms from another casino. I could be wrong though and maybe he/she isn't familiar with all the details yet (who knows?) but it still looks unprofessional to not answer.