Hi Everyone,
We get quite a lot of requests from customers wanting
bitcoin casino hosting and since we work with gambling licensing providers we are often asked what to do in order to run a legal Bitcoin casino and what will it cost.
About us: We have been offering casino hosting from Curacao since 2010. We operate our own casinos and we incubate and assist start-up casinos in both the Bitcoin and the fiat space through our gamblingTec.com project.Traditional casinos:Traditional casinos cannot operate without licensing since the banks and card providers will block their ability to transact in the absence of one. Additionally, gambling transactions are 7995 coded which empowers financial institutions to block those transactions at their discretion.
Bitcoin casinosA Bitcoin casino is obviously different since no central body can control it. This means anyone can get a Bitcoin casino running without any form of regulation or license.
Why have a license?A license forces you to do a number of things,
interalia, make sure your games have proper RNG which means your games are fair to your customers AND you as a casino won't lose money if your RNG happens to be flawed. It also requires you to have AML (Anti Money Laundering) and KYC (Know Your Customer) procedures in place.
In my opinion, these are good business practices.
Read up on
casino game certification.
What does the license cost?To get licensed, you should expect to pay around
BTC5 for your first year, a little more if you wish to be creative with your legal structure.
Can I pay in Bitcoin?If you work through us, absolutely.
What if I can not afford a license?In our opinion, the very least you should be doing is hosting in a gambling-friendly jurisdiction with the intention of getting a license when you can afford to do so, this will cost you no more than
BTC0.005 per month.
If you do wish to stand under a license and have a small budget, consider working with our
GamblingTec project. Our job is to ensure that your games are compliant and registered with the master license holder, your games operate according to legislation and that AML and KYC procedures are followed. Your website will hold our branding and we will deal with all legal issues that the casino may encounter. Your URL may also be added to our license at a cost of approximately
BTC0.81 per annum.
If you have any questions, feel free to contact us via our support desk:
https://support.curacaowebhosting.com/submitticket.phpPlease use this thread to ask any questions with regards to licensing and I will do my best to answer them.
