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addi
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October 07, 2013, 03:37:01 PM |
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Well, there are tons of online fiat gambling website, I don't see why they are targeting bitcoin gambling site first?
Because they don't have a license and/or are serving US citizens. |
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darkmule
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October 07, 2013, 04:02:35 PM |
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Well, there are tons of online fiat gambling website, I don't see why they are targeting bitcoin gambling site first?
They aren't (they being the U.S. government). So far, that's just speculation. They have already gone after lots of fiat sites, especially poker sites and sportsbooks. So far as I know, no law enforcement has to date gone after any Bitcoin gambling sites. |
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markjamrobin
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October 07, 2013, 04:06:08 PM |
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What happened to BTC not being a real currency?
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Mooshire
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October 07, 2013, 04:11:42 PM |
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What happened to BTC not being a real currency?
Legally, it isn't. Fundamentally, it is. |
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Mooshire
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October 07, 2013, 04:14:38 PM |
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What happened to BTC not being a real currency?
Legally, it isn't. Fundamentally, it is. So the SEC going after pirate I guess they are doing that for fun right? LOL Fincen ruled it is real money it is real money. I'm living in the past  |
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darkmule
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October 07, 2013, 04:14:52 PM |
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What happened to BTC not being a real currency?
Bitcoin may not be a "currency," (although it may be), but it is certainly legally "money" by most relevant definitions. |
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addi
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October 07, 2013, 04:30:46 PM
Last edit: October 07, 2013, 05:21:38 PM by addi |
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Only site I know of that "took measures" is coincidentally the biggest of them all.
In May Satoshidice closed to US players and blocked US ip's "pro-actively to protect those involved in the project". And shortly after that sold the company to an unknown buyer. It's interesting to note, they are not located and have nothing to do with US yet still felt to take this measure.
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mises
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October 07, 2013, 07:09:53 PM |
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Now that FBI took down Silk Road, maybe we are their next target?
Bitcoin gambling isn't illegal. I was about to say this. lol. |
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icedicedavid (OP)
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Ice-Dice.com | Massive Referral Bonus!
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October 07, 2013, 08:12:42 PM |
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Rumor says FBI just took down Bitbook?
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markjamrobin
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October 07, 2013, 08:42:17 PM |
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Rumor says FBI just took down Bitbook?
Rumor lies, bitbook just said its a server outage. Just a crack head trying to spread fear, be calm. |
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b!z
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October 08, 2013, 02:49:43 PM |
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Gambling is legal in many places. On the other hand, illegal drugs are not.
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darkmule
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October 08, 2013, 03:35:23 PM |
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Gambling is legal in many places. On the other hand, illegal drugs are not.
Actually, there are many places drugs are decriminalized, and many like pot are entirely legal. The United States is not the world. |
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Cluster2k
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October 09, 2013, 12:24:35 AM |
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Gambling is legal in many places. On the other hand, illegal drugs are not.
Actually, there are many places drugs are decriminalized, and many like pot are entirely legal. The United States is not the world. The possession and use of small quantities of drugs are decriminalized (but still penalized) in places like Portugal, but SR and its ilk would still be illegal as clearly the site was being used for trafficking commercial quantities. In regards to online gambling, the sites I've seen make no attempt to verify a player's age or even offer a simple warning that under 18/21/whatever is not allowed. Then there's money laundering laws, operating a gambling site without a license (in whatever country the site is hosted), etc. I hope the sites involved are hosted in countries that don't care about online gambling and that investors' money is stored off site and automatically returned should something happen. |
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viboracecata
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October 09, 2013, 12:32:15 PM |
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How could FBI collect the evidence?
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b!z
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October 09, 2013, 01:52:01 PM |
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How could FBI collect the evidence?
From the blockchain. Some sites even have nice address: 1dice etc. Pretty obvious to see it is gambling. |
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faiza1990
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October 09, 2013, 02:30:51 PM |
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Gambling is legal in many places. On the other hand, illegal drugs are not.
and many bitcoin gambling sites not allowing US citizens to gamble with them just because of this I dont think they will do like silk road with these sites |
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jeffhuys
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October 09, 2013, 05:26:55 PM |
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Bitcoin is not recognized as real money, right?
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Damnsammit
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October 10, 2013, 12:07:11 AM |
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My info might be old, but in the past this was discussed with current fincen regulations and it was determined that bitcoin gambling was not illegal.
I'm lazy and don't have your frame of reference. Could you link to the previous discussion please? |
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b!z
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October 10, 2013, 10:42:36 AM |
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Bitcoin is not recognized as real money, right?
apparently it is considered a "virtual currency" |
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ButterflySammy
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October 10, 2013, 12:05:31 PM |
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Bitcoin is not recognized as real money, right?
apparently it is considered a "virtual currency" In the UK, the government doesn't consider it money or currency however the laws regarding gambling do not revolve around the concept of money, they revolve around the concept of "Money's Worth". That means, anything with value - the UK Gambling Commission has confirmed they consider Bitcoin to be "Money's Worth" and therefor any UK based Sites, Developers or Business will need to be properly licensed. I assume there will be other countries taking a similar stance who don't care whether Bitcoin is money or not, they care if they can collect revenue through taxing gambling. I can only assume gambling laws here don't mention money specifically so that people aren't using tokens or cakes, etc in place of money to skirt laws. I can't imagine we are the only country who has done this. |
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