Bitcoin Casinos Blocking Certain Countries

[jackg]

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?

[European Central Bank]

better safe than sorry is a great way to lead a quiet life. and maybe there are other gambling specific regulations they don't want to meet? the legal problems casinos might attract aren't purely from the guys who regulate currency.

[virtualx]

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?

Many sites probably don't have access to lawyers, best to ask them directly to have a concrete answer.

[zenitzz]

Yes what i hear is like that there are some countries that do not permit the online casino to accept bitcoin but I don't know it's true or not.

[electronicash]

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.

[propofol99]

I think that coinbase does not allow to use their wallets for payments to online casinos because they reside in the us.
So probably in the usa, there are no online casinos allowed?

[Maesters1-]

yes there are so many countries where bitcoin is consider as illegal and they now block the online casino that  is such a big source of online gambling. although they consider bitcoin as legal.

[v1ryspro]

I think all the time will come when the government will take control of the online casino, bitcoints. Maybe right now and preparing any proposed legislation.

[jackg]

I think all the time will come when the government will take control of the online casino, bitcoints. Maybe right now and preparing any proposed legislation.

There is already legislation. It exists in most jurisdictions and is agains casinos that are unlicensed.
Most don't really have ways to control this and don't hod gamblers to account for what they do on those sites so it's harder to stop.
As soon as governments actually stop bitcoin's use in this way and are proactive in it, Bitcoin will lose a lot of supporters.

[saddampbuh]

is it really that difficult to host a website somewhere that doesn't report to the american government?