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Author Topic: [08-07-2017] Changes in European regulations may impact Bitcoin  (Read 155 times)
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August 07, 2017, 10:57:01 AM

Some researches were stating that nearly a half of the bitcoin transaction is somehow related to various gambling activities. The reasons behind this are quite simple, the bitcoin provides a greater anonymity for the players and low transaction costs. However, the popularity of the bitcoin in the iGaming sector seem to become even greater this year.

Considering the fact that Poland, the Netherlands, Czech Republic and a few other major European markets are making it unfavorable for the operators to serve the customers via a locally regulated company and illegal to operate without one, the bitcoin casinos may become the best possible substitution in such markets. You may already see some of the popular Bitcoin casinos being listed at the various rating websites. While these websites are still listed in the bitcoin category, BTC casinos may soon take the largest slice of the market share.

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This latest development is a very good potential market for gambling operators using Bitcoin as they can now replaced the market left by casinos who could not take anymore the burden of taxes imposed by these countries. A big loss for many casinos in these countries but can be a big win for online casino operators who are into Bitcoin. For Bitcoin, this can somehow help in its spread and can influence the movement of its price.

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August 07, 2017, 01:52:44 PM

This isn't going to last forever. Once the casinos move to BTC and the regulators find out about it, they will do anything to make it hard for them. Blocking their ip addresses is just one of the ways a government can stop people from gambling on illegal sites. They can also impose financial penalties on a casino that operates online without a permit, even if that casino is based outside their country.

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