Australia banned gambling. Who's left?

[JessAnd]

So, guys, now that even Australia is on ugly anti-crypto wagon - who/what's left as the bastion, so to say?

Source: https://twitter.com/Prime_Ball/status/961293170456911872

[salterious]

It doesn't matter whose next because they will take the ban away so they can regulate and tax the crap out of it. Look no further than the USA for the leading power and a bullish signal.

[Oilacris]

It doesn't matter whose next because they will take the ban away so they can regulate and tax the crap out of it. Look no further than the USA for the leading power and a bullish signal.

This is already an expected thing and expect there would be more countries would follow this banning trend. I do agree with with your point that it doesnt matter because soon they would reverse their decision and make regulation to shit out some tax of it which is somehow anticipated with this matter. We do know that government do really loves to control everything.

[edgycorner]

The gambling regulators are blatantly ordering all the crypto casinos to stop using bitcoins.They are not even providing any reason for this.
This shows how politicians are whoring for other gambling corporate(offline casinos) in the country.

This ban makes no sense at all.This portrays the fear of government towards chained currency.How they tend to ignore the positive points and passes judgement by just looking at the cons.
This adds to the reasons, as to why we need an onchain currency.
Greedy people in parliaments have turned democracy into a fallacy, and bitcoin is making us realize this!

[adaseb]

The gambling regulators are blatantly ordering all the crypto casinos to stop using bitcoins.They are not even providing any reason for this.
This shows how politicians are whoring for other gambling corporate(offline casinos) in the country.

This ban makes no sense at all.This portrays the fear of government towards chained currency.How they tend to ignore the positive points and passes judgement by just looking at the cons.
This adds to the reasons, as to why we need an onchain currency.
Greedy people in parliaments turned democracy into a fallacy, and bitcoin is making us realize this!

Why are you so surprised?

They will either ban it outright or they will allow it under regulation.

Problem with regulation is that unlike Bitcoin trading it would be very difficult to regulate especially with so many different Bitcoin gambling sites out there. Even the ones which are on chain and anonymous.

[Stunna]

Australia didn't ban bitcoin gambling, the NTRC (northern territory racing commission) which is a regulating body you can get sportsbetting licenses from issued an informal ban probably just wanting to stop one of their licensees from accepting coins until they can wrap their head around it. Non-Sports betting (interactive games) are already banned in Australia which is why Primedice & Stake can't offer service to AU players. Click-baity headline/article.

[edgycorner]

issued an informal ban probably just wanting to stop one of their licensees from accepting coins until they can wrap their head around it.

Or maybe they did this to create another license(which will be way more expensive) to discourage crypto casinos?

[boboking]

It doesn't matter whose next because they will take the ban away so they can regulate and tax the crap out of it. Look no further than the USA for the leading power and a bullish signal.

Exactly I think this is just a ploy of these government to ban cryptocurrency and then they will regulate it so they can get much money as they can. If you are the citizen of that country that banned crypto of course you would think that it is better to regulate it than totally banning it.

This politician are so greedy.

[adaseb]

Australia didn't ban bitcoin gambling, the NTRC (northern territory racing commission) which is a regulating body you can get sportsbetting licenses from issued an informal ban probably just wanting to stop one of their licensees from accepting coins until they can wrap their head around it. Non-Sports betting (interactive games) are already banned in Australia which is why Primedice & Stake can't offer service to AU players. Click-baity headline/article.

With Bitcoins growth and mainstream adoption. There is going to be more and more regulation.

As a gambling service do you plan on complying with regulations in the future if they will make you require KYC AML from your customers?

Because think of how much business you might lose if all the G8 nations eventually ban gambling.

[piloder]

They are trying to limit registered local casino from accepting cryptos for betting  but they can't stop their citizens from using bitcoin they have to gamble in other pure crypto casino where there is no any KYC policy.

Australia is still quite crypto friendly country and they have also recently announced they will turn brisbane airport as most crypto friendly airport.

[Dutchyyy]

So, guys, now that even Australia is on ugly anti-crypto wagon - who/what's left as the bastion, so to say?

Source: https://twitter.com/Prime_Ball/status/961293170456911872

Gambling in Australia is very restricted for Australian citizens from years!
It's normal to extend their ban/laws over crypto markets.

[Indrawan77]

It's  not too surprising, the  market of crypto is getting bigger and bigger in a very short time, and this has been making each government from every country to evaluate crypto currencies, this will be another scheme to try to regulate the gambling sector, I think soon they will lift the ban and put regulation, the real reasons of this ban will be the tax and erase the anonymity provide by crypto

[glider101]

Gambling in australia is similar to gins in america. 
they are on a giant island so what would you do if you lived there?
 its a sad reality and beautiful country to visit but everyone loves to gamble.
I dont think this will effect bitcoin in very much.

[iluvbitcoins]

How the hell are they going to stop bitcoin gambling?
For fuks sake, people buy weed on the deep web and get it delivered with the fucking post office 
How the hell are they going to stop crypto gambling o.o

[game-protect]

They can not prevent you from crypto gambling and here is a nice selection:

Crypto gambling sites with cost free consumer protection service

[posi]

I don't know much concerning the gambling issue in Australia but the news posted by the OP cocerning Australia joining the anti crypto wagon was wrong news and the last time I checked Australian Banks even allow their customers to buy cryptocurrencies.

[iluvbitcoins]

I don't know much concerning the gambling issue in Australia but the news posted by the OP cocerning Australia joining the anti crypto wagon was wrong news and the last time I checked Australian Banks even allow their customers to buy cryptocurrencies.

It's apparently not about banning cryptocurrencies but just using them for gambling.
Yeah, doesn't make sense..
Australia is becoming socialist..

In an email obtained by The Australian Financial Review, regional gaming regulator NTRC stressed it “is intending to issue a formal communique to all sports bookmakers and betting exchange operators licensed in the NT if currently transacting in cryptocurrency (for example Bitcoin, Ethereum and the like) for their wagering operations to immediately cease and desist.”

For whatever reason, the Australian government has had what local press are calling an “antagonistic stance regarding cryptocurrency”, going so far as to place limits on those licensed from competing with international wagering outfits online: broadcast ads are restricted as are types of poker and other games. Businesses unresponsive to the likes of emails above risk losing favorable tax advantages along with license generally.

[adaseb]

I don't know much concerning the gambling issue in Australia but the news posted by the OP cocerning Australia joining the anti crypto wagon was wrong news and the last time I checked Australian Banks even allow their customers to buy cryptocurrencies.

It's apparently not about banning cryptocurrencies but just using them for gambling.
Yeah, doesn't make sense..
Australia is becoming socialist..

In an email obtained by The Australian Financial Review, regional gaming regulator NTRC stressed it “is intending to issue a formal communique to all sports bookmakers and betting exchange operators licensed in the NT if currently transacting in cryptocurrency (for example Bitcoin, Ethereum and the like) for their wagering operations to immediately cease and desist.”

For whatever reason, the Australian government has had what local press are calling an “antagonistic stance regarding cryptocurrency”, going so far as to place limits on those licensed from competing with international wagering outfits online: broadcast ads are restricted as are types of poker and other games. Businesses unresponsive to the likes of emails above risk losing favorable tax advantages along with license generally.

How is that different than the USA then. Bitcoin isn't banned there but they don't allow online Bitcoin gambling.

Basically I am pretty sure Bitcoin gambling wouldn't be banned anywhere if BTC was 10 cents.

But since it's becoming more and more mainstream. All the casino and gambling corps are losing money and forcing the government to make it illegal.

[iluvbitcoins]

How is that different than the USA then. Bitcoin isn't banned there but they don't allow online Bitcoin gambling.

Basically I am pretty sure Bitcoin gambling wouldn't be banned anywhere if BTC was 10 cents.

But since it's becoming more and more mainstream. All the casino and gambling corps are losing money and forcing the government to make it illegal.

Yep. USA is fucked too.
It's probably because of that provably fair system.
They would lose big money if they had to prove how the game comes up with an outcome.

[BlockEye]

I don't know much concerning the gambling issue in Australia but the news posted by the OP cocerning Australia joining the anti crypto wagon was wrong news and the last time I checked Australian Banks even allow their customers to buy cryptocurrencies.

It's apparently not about banning cryptocurrencies but just using them for gambling.
Yeah, doesn't make sense..
Australia is becoming socialist..

In an email obtained by The Australian Financial Review, regional gaming regulator NTRC stressed it “is intending to issue a formal communique to all sports bookmakers and betting exchange operators licensed in the NT if currently transacting in cryptocurrency (for example Bitcoin, Ethereum and the like) for their wagering operations to immediately cease and desist.”

For whatever reason, the Australian government has had what local press are calling an “antagonistic stance regarding cryptocurrency”, going so far as to place limits on those licensed from competing with international wagering outfits online: broadcast ads are restricted as are types of poker and other games. Businesses unresponsive to the likes of emails above risk losing favorable tax advantages along with license generally.

How is that different than the USA then. Bitcoin isn't banned there but they don't allow online Bitcoin gambling.

Basically I am pretty sure Bitcoin gambling wouldn't be banned anywhere if BTC was 10 cents.

But since it's becoming more and more mainstream. All the casino and gambling corps are losing money and forcing the government to make it illegal.

It's quite normal hearing banning of bitcoin or cryptocurrencies now, they get too alarmed this year since many physical institutions see it as an hindrance on their businesses. The government should see how blockchain will be helpful for us, it's convenience and being decentralized. One day, time will come those who prohibits it , may it be on gambling or any institutions will find it helpful in many ways.