Are There Any Regulations for Bitcoin Casinos?

[bitgolden]

That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.

In my country the government also banned bitcoin and its trading because it is decentralized and the government has nothing to do with bitcoin. If the people lost their money or being looted they cannot report it in government. Anyhow there should be rules for gambling in bitcoin in these countries where it is allowed and people freely deal in bitcoin.

No, I think if the governments are continuously banning bitcoins to be used in their countries just because of the reason that bitcoins are decentralized and they can’t control them, I think they must ensure the banning of gambling as well. Reason is, people are losing their money and valuables and becoming unemployed and thus making a bad image and impact to the society.

That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.

Yeah bitcoin gambling has no rules and regulations and that is because the whole world is using bitcoin for their purchases and for gambling as well. So I think no rules can be made for the users around the globe. Online gambling is different than bitcoin gambling. It is not related to one person or one country and no single person is able to make rules for bitcoin gambling.

[TheGreatPython]

That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.

The legality of bitcoin and gambling should be considered separately. While in some countries bitcoin transactions are illegal already, gambling is illegal in many countries. So considering the overlap between the two we can see that some countries will fall in the section where both bitcoin and gambling is legal.

Again bitcoin gives pseudo-anonymity and thus gamblers feel safer betting with crypto than fiat. Safer in the sense that they are less likely to be caught be others.

I agreed, every country has a different rules over the regulations an dlike in my coubtry there is still no strong regulations especially in online investments or casino's and still they are researching on it before to take some regulations along with it.

They must do this as soon as possible. Reason is, this game is harmful to the person playing and to the society and ultimately to the country’s progress. If people don’t stop gambling they will be increasing the unemployment rates and the family relationships broken rates and divorce rates and so much. This all will be damaging the pace and progress of country. So they must find urgent solution.

[Rizky Aditya]

the point of playing on an online gambling site and doing it with bitcoin is to escape all the regulations and possible restrictions, taxes, and all the headache of that. so in case some casino decided to become regulated they will just be killing their own business, it would be like shooting yourself in the foot while others are running ahead of you with a big distance between you and them!

not to mention that online gambling is not legal in many jurisdictions!

Good point, Online gambling owners tends to avoid this regulations and tax paying but the thing is that this people behind the online casinos are respectively paying some officials just to continue it's operation. It's a fact, This practices were made mostly in the Asian countries. Though, the hype of Bitcoin has started so this illegal Bitcoin casino owners are now prone to being shut down especially when it's user are growing each day, to the fact that it is now noticeable.


There are no regulation/s yet for this Bitcoin Casinos. A government can't regulate the transactions done thru Bitcoin, so technically speaking Bitcoin casinos are some what invisible to the Government.

Agree with your opinion, the main factor is that in some countries bitcoin still illegal or does not accept payment with bitcoin. Furthermore, many countries also prohibit gambling involve in his country, moreover to accept gambling sites, to receive bitcoin as currency they also refuse. Most likely bitcoin casinos will be accepted in some countries that legalize gambling and which legalize bitcoin as a legitimate currency.

This is seriously weird. Why people are so dump that they even don’t see their profitable lives in trading and investing rather keep talking about the plans and strategies to be involved in gambling. And plus stupidity is, they want to make bitcoins as the source in gambling. The most stupid idea this is, really. They don’t know how big mistake they are just making by doing so.