It really depends but generally yes if you want to operate on a given country.

A gambling corporation/platform needs to secure the necessary license in order to do business in the Philippines. Should you fail to acquire the said license, then any kind of legal issue would render you incapable of having any kind of legal personality to sue.
This would mean that any person who has a legal issue against your platform can sue you but you cannot sue in return should you encounter one in the future.

Lastly, having the necessary license also protects your company in any kind of potential legal issue in the future even if you operate a NO-KYC feature. At the end, it’s better safe than sorry!

Thank you for this analysis, OP!

That's the problem with most casinos given that they are not that regulated when it comes to any kind of marketing online. They may alleged that they are indeed "KYC Free" only to discover that within their guidelines, you must submit the necessary documents to cash-out your winnings.

Is this kind of practice be frowned upon? Definitely! It falsely advertises their own business by resorting to devises and schemes to trick players. If at the onset they are resorting to these cheap tactics, then what more in the future if you encounter a problem with your huge transactions?

The problem is- Trump basically knows everything with regard to inside information. I mean, he is the President of the strongest country in the world. I doubt that he doesn't know the tricks of the trade when it comes to amassing his empire of wealth. Now that he started to infiltrate even the cryptocurrency world, he could most likely do something about his coin.


I very much agree with your perspective. I do think that there are serious ethical considerations that can be challenged but who really dares to go against him?

As much as I hate the guy, he holds the strongest position which necessarily gives him all the power- not just in the government but also financially. Who knows what kinds of transactions he currently and has entered in the past?

Thank you for posting these links given that it's important for everyone to see multiple threads created surrounding this topic.

Just to stress out the outset, it is essential that you at least inform your parents or your close friends/relatives that you know something about this field. You can also inform your wife (if you have any) or someone close to you that you can trust regarding your BTCs.

In essence, you should share it to someone that you want to inherit basically your cryptocurrencies. If they do not know how to navigate, then perhaps now is the time for you to start and teaching them about the basics for their benefit!

To be honest OP, I wouldn't completely fault that guy during that time. Also, remember the guy who purchased two (2) pizzas for thousands of BTCs? I mean of course, we're clowning them today due to the decisions they have made but put yourself into their shoes at that time.

Remember that the very fact of a digital currency existing within the realm of the internet, free from any control, and transactions being posted are just some of the things that are beyond comprehension. The fact that you've received thousands of digital currency that can be converted to something physically (e.g. pizza and $$$) means that you won't be able to exercise this opportunity again.

At the end of the day, while we may judge these people according to the decisions they've made in the past, let's all not kid ourselves. I am very sure that if we are in the same situation as theirs, we would most likely done the same.

It's definitely crazy but if you are in a position where you are made to survive, you would definitely exhaust all the possible solutions in order to justify the means.

I mean, I wouldn't even blame Iran here for thinking this space as an opportunity to gain revenue. However, I wonder what would be the long-term impact on the rehabilitation of their country in the far (or near) future once everything settles down.


I agree with you. In fact, when you are in survival mode, you would choose all the paths no matter how dangerous or treacherous it might be. Iran is on that specific position of surviving. I wouldn't call them thriving but at least they are exhausting these remedies in order to survive and even fight for their country.

Aba'y dapat lang mahuli talaga yan! Itong mga scammers katulad ng pinost mo OP ay isa sa mga reason kung bakit medyo nahihirapan ang pag-accept ng cryptocurrency dito sa ating bansa.

Even if we know wala naman kinalaman ang cryptocurrency dito (in fact, ang paggamit nga ng crypto made it possible to track her down), medyo nagkakaroon kasi agad ng stigma mga tao whenever they hear the word "digital currency" given na inaassociate agad nila ito sa mga illegal na gawain.

The irony is- cryptocurrency transaction pa ang dahilan kung bakit nahuli itong scammer na ito in the first place. May this news be the first of many that will more or less educate ang ating mga kababayan tungkol sa paggamit ng crypto at yung mga napakadaming benefits nito sa ating transaction and security.

If this were the case, then Apple is indeed in trouble with this. Given that they control the platform in which users can download applications, there is a presumption that any application that shows on the Appstore is indeed genuine. Either the scammers found a loophole that circumvented the security measures that Apple installed; OR such security feature is just poor and vulnerable to be penetrated by these scammers.

Either way, however, Apple would be liable in someway given that users tend to trust the Appstore in showcasing at least genuine applications. They still have the final say and last resort of security.


Apple is a trillion-dollar empire. I am pretty sure they can implement features that can at least withstand the huge number of scammers that submit applications per day. They can easily hire or devise a way that can at least prevent these kinds of incidents from happening.

Assuming for the sake of argument that one slips in, still, they can be held liable for any loss sustaining on the side of the consumer given that the latter relies on the presumption that Apple does their due diligence.

There's actually no secret in getting rich with casinos due to its very nature. If there will be a method that will guarantee an absolute win in gambling, then the business of such would not and never exist in the first place.

Gambling and its very nature are the exact reason on why it is very addictive in the first place. By playing with the odds, it gives you that sense of excitement that can either win or make you lose in the process.


Casinos do not have the primary responsibility of taking care with gambling addiction. While they may offer some kind of tools in order to self-exclude some of its players, they do not have that kind of responsibility in the first place.

Most of the time, if I feel like I just want to have a chill gambling session, then I would play slots just to see and check my luck in the process.

For some reason, playing slots releases all the stress that I have whenever I play some competitive gambling games especially sports-betting. At least in slots, I am very well aware that the money that I am betting are the ones that I am willing to lose as I expect nothing in this platform.


The funny thing is, most slot games are slowly integrating some sort of graphical representation of mythical creatures or Norse Gods just to make things interesting on our perspective. While I do enjoy and welcome these changes, still, the very nature of slot gaming hasn't change a bit in the process.

Just a few questions that I have knowing that there wouldn't be an opportunity for me to raise these questions:

• Do you operate to establish a KYC system on your platform? If yes, what are the requirements for such implementation?
• Given that you operate a gambling casino, what are the regulations and laws that you have to follow? Do you also operate on a license that allows you to continue your business?
• Personally, I find that a successful gambling company has at least a responsive customer support service. How do you operate yours and what challenges have you faced from it?
• Was there a time that you were faced with a decision that can either make or break your business?; and lastly-
• Would you recommend this line of business to anyone who has the necessary capital?

I would love to hear your thoughts and answers from my questions above. Those are some questions that would give me a broad idea on how this kind of business operates in the real world.

I just hope that this initiative would not be subjected to abuse. Like, the community is already doing something in order to address the issue of gambling addiction but I do think that people would take advantage of it and avail the benefits not entitled to them.

I wish that there will be some sort of standard or process that will select chosen and rightful beneficiaries under this initiative. If people would cheat their way in order to take advantage of this system, then nothing fruitful would ever change as a whole.


This is actually true but I hope that the chosen beneficiaries would definitely quit gambling. I mean, a big jump start would be handed down to them in order to quickly quit gambling. If they still fail to fulfill the promise on their end, then everything would be for naught.

Yup- I actually do believe that gambling is not all that bad. The problem stems from excessive addiction to the point that people tend to prioritize it than meeting and fulfilling their obligations.

When exercised with moderation, gambling can provide you some benefits like OP just mentioned. Just to add, the lessons that you learn from gambling are the ones that will last you forever especially when you realize your mistakes. It makes you think and reflect more especially if you are feeling most of the bad luck from your games.

Until and unless you moved on from this sport or if you know your limits, you wouldn't be able to take advantage of its positive effects especially if you're too deep in such hobby.


This is exactly the reason on why people would only realize its positive effects when they have moved-on from this hobby. If they are still prioritizing this instead of their actual obligations, then all its negative effects would overwhelm the positive ones in that aspect.

Whoah this is actually really nice and potentially game-changing in the world of notarizing documents dito sa ating bansa.

As someone who is currently knows in the legal field, alam natin yung hassle of notarization of documents. I mean, the purpose of notarization is to convert your private documents to public. There are certain instances na need mapanotarize ang iyong mga documents (e.g. deed of sale, etc.) in order to make contracts valid to third parties.

Now that the Supreme Court (or SC) started the initative of eNotarization, this could definitely lessen the burden on the consumer side. Not to mention, this can also potentially lessen yung mga nagpapanggap na notaryo sa gilid ng kanto at sa baba ng LRT stations for a more effective approach.

I read from the article that they will utilize the blockchain technology in order to track such documents kasi isa sa mga inconvenience on the side of the Notary ay yung pag keep ng mga documents intact.

If casino do post their current proof of reserves, I wholeheartedly think that nothing would change. The reason is simple- gambling companies have the tendency of faking or at least controlling the amount of reserves that they have.

I also think that by posting their reserves, nothing would still change. It also doesn't mean it equate to being genuine as new gambling companies can easily fake such numbers. In fact, it can have the opposite effect- people falling from the said reserves as they make this the sole factor in determining whether they would commit to it or not.

In conclusion, while I do admire the attempt of such gambling companies on doing everything just to make their services genuine, still, there are other factors that can gain and established their respective trust.

Oh my god- to be honest I didn't expect this kind of ending! For sure, I thought that the workers would bag the ticket for themselves but it turned into something so wholesome to the point that this restored some faith to the goodness of this world.

I sure hope that this person tipped the whole workers for their effort. Like more than just covering for the search cost, I hope he provided something at least monetary to the whole team not just for the search but for the honesty they have dedicated for this.


Ahh you're right! Failed to see that angle- remember that it's not over till it's really over!

Do not easily conclude that you have no chance of winning. Until you have seen the final result, always believe in luck and the power of the odds on your favor.

By going primarily on the subject of the thread, I beg to differ.

Gambling has become increasingly convenient especially in the advent of technology. You can easily access any kind of gambling website (as long as you are of legal age) on your mobile phones; or you can even visit physical casinos that only require a valid ID upon entrance.

In essence, the widespread acceptance of gambling and its historical stigma have developed both a harmonizing relationship. Now, we actually consider it as the norm rather than the exception. Lastly, if you would also consider its accessibility, you can easily find a casino that will suit your taste on one easy search on the internet.

This is exactly the reason on why you should read the respective ToS of the gambling platform before you fully commit your funds into it.

As far as I know, most gambling platforms have prohibited the use of VPNs because this also necessarily contravenes their KYC feature. Additionally, some gambling platforms have to follow stringent and strict laws and rules per country which makes VPNs more illegal to use.


That is why you should also have a copy of the ToS of a gambling platform in the event they blatantly change a provision without giving any prior notice to their users. If these "scam" casinos have the practice of consistently changing their rules to suit their interest, then it's better to call them out and avoid them at all cost to prevent any further damage from happening.

The HODL strategy is definitely proven to be the best strategy for both newcomers and veterans in the cryptocurrency space given its convenience. Also, you're not as risky compared to trading; the moment you purchased any kind of crypto and hold them for a certain number of years, then you just let time do its thing and reap the rewards at the end.


Just like any kind of investment, you must be determined and committed into funding your pool of investments. You can also diversify by purchasing other altcoins or even growing your portfolio by also engaging into different kinds of investment mechanisms available.

Remember- BTC HODLing has proven to give you returns for as long as you stay committed and patient.

Even if a person knows more than you do, there are still some basic stuffs that ought to know on your part especially when it comes to scams and other related topics.

As an example, you can always exercise your utmost due diligence before you enter into any kind of transaction with a random person whom you met online. All the red flags and other signs which sparks a scam, that would indeed arouse your curiosity to just ignore.


Another thing to add on the list- make sure to double and even triple check the exchange you're planning to use. Always check for genuine feedback on this forum or to some trusted social media platform for more security on your end.