I was wondering why Bitcoin Casinos would block certain countries for using thier service to avoid paying penalties.
I saw this in a coindesk article:
However the FCA has not offered any constructive guidance or comment on the regulation of digital currencies. In fact, the FCA has gone as far as stating it does not regulate digital currencies and has no intention of doing so. The result is that bitcoin businesses in the UK are not obliged to register with or be authorised by the FCA.
This is fairly transferrable and means that the UK government (which is fairly strict when it comes to them earning money) doesn't want to regulate Bitcoin (probably because they don't know how).
So why do sites like primedice.com still feel that they are hosting an illegal site when they cannot be fined for it?
If true then I guess there is no reason for the rest of us not create some gambling sites as well.
If UK can't block then I suppose our government also can't which they too warned to stop online gambling.
I'm from Asia and we've been caged for reason that we don't even create dating sites in our country because they could be used by sex maniacs and that we'll be accused for human trafficking.