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Author Topic: Betting in bitcoin is legal or illegal?  (Read 820 times)
Sangkuni
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February 19, 2018, 07:14:59 AM
 #101

it's depend on where you live.. in a few country bitcoin is illegal, and in a few country gambling is illegal, some countries also banned both.. like indonesian or other country.
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February 24, 2018, 05:51:12 AM
 #102

it's depend on where you live.. in a few country bitcoin is illegal, and in a few country gambling is illegal, some countries also banned both.. like indonesian or other country.
Yes that is true for example in my country gambling is totally illegal, but our state do not have any decision on bitcoin, either it is legal or illegal, but if you are playing gambling using bitcoin then it is illegal because gambling is illegal either you play it using fiat currency or any other currency it will be call as illegal. But still most of the people who play gambling illegally online they use bitcoin for playing gambling which is a best option for them.
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February 24, 2018, 09:15:16 AM
 #103

I think betting bitcoin is not said legal it is up to the person own judgment that if they said that it is illegal then may some of the people will criticism it and they will against of it. betting in all currencies are illegal in our country but it may allowed in other countries So it is not the fact that bitcoin betting is illegal. In the modern times people preferences are changed they are doing more advanced ways to make money so now the betting in bitcoin is also a source of income.

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February 25, 2018, 09:49:24 PM
 #104

I think betting bitcoin is not said legal it is up to the person own judgment that if they said that it is illegal then may some of the people will criticism it and they will against of it. betting in all currencies are illegal in our country but it may allowed in other countries So it is not the fact that bitcoin betting is illegal. In the modern times people preferences are changed they are doing more advanced ways to make money so now the betting in bitcoin is also a source of income.
That can also be depending on the places where you are playing gambling, in such places where gambling is legal but  bitcoin is not as legal currency, i think there they may not be allowed to play gambling using bitcoin, It may also not be consider as legal where gambling is not legal while they have turn bitcoin as legal currency. It can only be legal in such places where both gambling and bitcoin are legal.
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February 26, 2018, 02:27:53 AM
 #105

It depends upon the country
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February 26, 2018, 08:20:08 AM
 #106

it's depend on where you live.. in a few country bitcoin is illegal, and in a few country gambling is illegal, some countries also banned both.. like indonesian or other country.
When bitcoin is illegal to that country = gambling with bitcoin is illegal either.
And if gambling is illegal to that country = bitcoin is illegal = gambling with bitcoin is illegal too. But with Indonesia, I don't know that bitcoin and gambling is banned there.
Do you have strong proof that it is?

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February 26, 2018, 08:53:15 AM
 #107

It depends upon the country
basically, the best answer to describe what is the situation with Bitcoin gambling. There are a lot of ways to earn Bitcoin and it's not just gambling you could also try trading or something that is probably legal in your country.

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February 26, 2018, 07:33:15 PM
 #108

If you are worrying about the law regarding betting online with bitcoin,let me tell you this,most countries does not have any rules regarding online gambling in the first place and not many countries are aware of bitcoin based gambling and more over some of the top countries are trying to put some rules and regulations but one thing is sure they cannot monitor everything whether you are gambling or not with bitcoin,so do not worry about that. Tongue
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February 26, 2018, 11:03:13 PM
 #109

it's depend on where you live.. in a few country bitcoin is illegal, and in a few country gambling is illegal, some countries also banned both.. like indonesian or other country.

Those bans are ineffective if you gamble online because the government of Indonesia has no central control of bitcoin and most of theee online gambling websites are not even hosted in Indonesia and so it leaves them to only block  certain websites but those can easily be overcome by using VPN's and RDP's.
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February 26, 2018, 11:58:58 PM
 #110

it's depend on where you live.. in a few country bitcoin is illegal, and in a few country gambling is illegal, some countries also banned both.. like indonesian or other country.

Those bans are ineffective if you gamble online because the government of Indonesia has no central control of bitcoin and most of theee online gambling websites are not even hosted in Indonesia and so it leaves them to only block  certain websites but those can easily be overcome by using VPN's and RDP's.
Yes that can also be right that even if your government turn gambling as illegal and even if they do not allow you to for using bitcoin and consider bitcoin as illegal , still you can play gambling online using bitcoin, they cannot get access to your account so easily, because there are so many ways through which he can hide his identity while playing gambling online.
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February 27, 2018, 12:38:09 PM
 #111

I think betting bitcoin is not said legal it is up to the person own judgment that if they said that it is illegal then may some of the people will criticism it and they will against of it. betting in all currencies are illegal in our country but it may allowed in other countries So it is not the fact that bitcoin betting is illegal. In the modern times people preferences are changed they are doing more advanced ways to make money so now the betting in bitcoin is also a source of income.
Some of the country is allows bitcoin for bitcoin maybe they think will help the economy of their country, and in some countries also bitcoin was illegal because they might have thought other, but I think bitcoin nice to help the economy of her because a lot of people who helped for bitcoin
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February 27, 2018, 02:26:34 PM
 #112

I think its not illegal to use bitcoin in betting if your country or government doesn't says its illegal to use bitcoin. And also the online casino you're using is also registered or they have the permit to operate.

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February 27, 2018, 02:58:25 PM
 #113

I don't think it will illegal.

i think gambling if have no permit ot operate either online or landbase is illegal, need to get an government license to operate, become legal. and i think thats the reason winner from bitcoin betting need to registered to kyc for anti money loundering, but i'm not agree for the kyc because they have an disadvange for us risky the identity of veryone are not secured.

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February 27, 2018, 08:19:18 PM
 #114

I think its not illegal to use bitcoin in betting if your country or government doesn't says its illegal to use bitcoin.
It has been answered by others above your post so by negligence of knowing the rule on your country if they banned or it is illegal to gamble with bitcoin or not even with bitcoin, you must be responsible for it.

And also the online casino you're using is also registered or they have the permit to operate.
There are casino's that are not registered, why? In some countries they are not focusing with online business entities so they are free of operating and doesn't need a permit to operate but this only applies in some.

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February 27, 2018, 08:26:42 PM
 #115

I think its not illegal to use bitcoin in betting if your country or government doesn't says its illegal to use bitcoin.
It has been answered by others above your post so by negligence of knowing the rule on your country if they banned or it is illegal to gamble with bitcoin or not even with bitcoin, you must be responsible for it.

And also the online casino you're using is also registered or they have the permit to operate.
There are casino's that are not registered, why? In some countries they are not focusing with online business entities so they are free of operating and doesn't need a permit to operate but this only applies in some.
Illegal or not we should still abide the rules being set out by the government and we do know the consequences if they do caught us on doing prohibited things but still there are people who do resist and do still play no matter what. Each country do have their own corresponding laws and views towards online bitcoin gambling. Some are on neutral side some do already have strict prohibitions.

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February 27, 2018, 11:53:42 PM
 #116

I think its not illegal to use bitcoin in betting if your country or government doesn't says its illegal to use bitcoin.
It has been answered by others above your post so by negligence of knowing the rule on your country if they banned or it is illegal to gamble with bitcoin or not even with bitcoin, you must be responsible for it.

And also the online casino you're using is also registered or they have the permit to operate.
There are casino's that are not registered, why? In some countries they are not focusing with online business entities so they are free of operating and doesn't need a permit to operate but this only applies in some.
Illegal or not we should still abide the rules being set out by the government and we do know the consequences if they do caught us on doing prohibited things but still there are people who do resist and do still play no matter what. Each country do have their own corresponding laws and views towards online bitcoin gambling. Some are on neutral side some do already have strict prohibitions.
But i have seen a lot of people who mostly avoid the rules and regulation that their government have setup. In some countries gambling is totally consider as illegal but still their people are playing gambling not only in casino but also using online gambling site which is now more convenient for them to use for playing gambling as their government cannot get access to them to charge the for their gambling activities.
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February 28, 2018, 11:11:23 PM
 #117

I think its not illegal to use bitcoin in betting if your country or government doesn't says its illegal to use bitcoin.
It has been answered by others above your post so by negligence of knowing the rule on your country if they banned or it is illegal to gamble with bitcoin or not even with bitcoin, you must be responsible for it.

And also the online casino you're using is also registered or they have the permit to operate.
There are casino's that are not registered, why? In some countries they are not focusing with online business entities so they are free of operating and doesn't need a permit to operate but this only applies in some.
Illegal or not we should still abide the rules being set out by the government and we do know the consequences if they do caught us on doing prohibited things but still there are people who do resist and do still play no matter what. Each country do have their own corresponding laws and views towards online bitcoin gambling. Some are on neutral side some do already have strict prohibitions.
Best advice, no one should forget that we are living in a country that has set of rules to make its citizens follow. Being a law abiding citizen will protect you from every means of illegal matters. Just obey the rules and you'll be fine in everything that you are planning to do. If you are living in a country that prohibits bitcoin or gambling, you have to follow the law. There are people who will suggest here of using VPN or what, its your choice but if I'm on that shoe, I won't follow that tip.

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March 01, 2018, 11:28:01 PM
 #118

No i guess not. If you have bitcoin you can do watever you want with it. Bitcoin is design to purchase online without tracing he transacstions. So if people what to bet on something andcont to be trace then thats ok.
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March 01, 2018, 11:58:08 PM
 #119

It will be legal if the bitcoin is legal in your country, and it would also be illegal if the bitcoin is illegal in your country. The answer to this question will always be that way, so it all depends on the situation where you live and where you do it. There is no right and wrong answer to this question, all conditional.


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March 02, 2018, 12:28:03 AM
 #120

If betting with valuable things like Bitcoin requires a license from the country of your residence and a casino has none, then it is illegal!

But as Bitcoin is an anonymous value transfer system, I have no idea what your problem is?
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