Do you need licence to open up an online Bitcoin Casino?

[Patatas]

Just to let you know virtual currency and cryptocurrency is not the same thing, they are differences between the two, bitcoin is a cryptocurreny.

Correct.To give an example (just for the heck of it) of a virtual currency - Coins that you earn by playing cool math games.

Virtual currency is a simulated currency. Meaning it does not have the properties of money. An example is virtual currencies in games. The supply is controlled by the game company, they decide when to issue more (or sometimes not as bugs create duplication).

Digital currency has all the properties of money, while existing on the internet.

It would be a waste of time and derailing the thread to comment here.

OP,it needs a license should you not choose to operate illegally.Everything else is pretty much dependent on your location and laws.

[shata]

Seriously, you don't need license to operate bitcoin gambling site, because it is a virtual currency, not a real currency.

Sorry but I am not agree with you sir/ma'm. For me, licence is needed in opening an online Bitcoin Casino. Many people want to open up their own on line casino but they can't imagine  actually going through all the steps to get one started. Online casinos are being extremely complicated and difficult to open, But this is not as hard as it seems, as long as you follow the guidelines for having licence.

[mostkey]

Seriously, you don't need license to operate bitcoin gambling site, because it is a virtual currency, not a real currency.

Sorry but I am not agree with you sir/ma'm. For me, licence is needed in opening an online Bitcoin Casino. Many people want to open up their own on line casino but they can't imagine  actually going through all the steps to get one started. Online casinos are being extremely complicated and difficult to open, But this is not as hard as it seems, as long as you follow the guidelines for having licence.

and it would be safer if we put gambling funds in licensed online casinos, because with that we do not have to worry about losing the funds we will use to gamble, even though this is a gamble but licensing is very important to get, actions that are prohibited by some countries, but as long as it does not harm others there is nothing wrong for us to earn money from there

[Oilacris]

Seriously, you don't need license to operate bitcoin gambling site, because it is a virtual currency, not a real currency.

Sorry but I am not agree with you sir/ma'm. For me, licence is needed in opening an online Bitcoin Casino. Many people want to open up their own on line casino but they can't imagine  actually going through all the steps to get one started. Online casinos are being extremely complicated and difficult to open, But this is not as hard as it seems, as long as you follow the guidelines for having licence.

If we do really need or like to build up casino business then the things that comes into our mind is the legality of such business and i wont really risk to operate with the risk on having the chance on getting in prison because you do violate this is why before tending this thing to be done better to seek out some lawyers first on your country regarding on the legality on such business.

[iv4n]

Seriously, you don't need license to operate bitcoin gambling site, because it is a virtual currency, not a real currency.

Sorry but I am not agree with you sir/ma'm. For me, licence is needed in opening an online Bitcoin Casino. Many people want to open up their own on line casino but they can't imagine  actually going through all the steps to get one started. Online casinos are being extremely complicated and difficult to open, But this is not as hard as it seems, as long as you follow the guidelines for having licence.

Its not simple to open a casino, licensed casino means that casino is registered and operates under the laws of the state where its registered.
Some countries do not grant licences to foreign casinos, according to their law just casinos located on their territory can have license for online casinos. Some countries allows gambling but just under their surveillance and understand strict conditions.
If you target some area you need to know laws there, in every country is different, and you need to know for whom you are making your casino available.

[Bitfort]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

You definitely need it once you turn big (when authorities starts paying attention) ... otherwise you could face a serious legal issues (details depends on your country).
Most of casinos is registered in some "tax paradise countries" (to minimize tax from gambling profits)

[nydiacaskey01]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

There are countries who prohibits online gambling, some don't even issue license or permits and if you are caught operating an online gambling site without a valid permit, that will result to jail time, you might even get deported if you are a foreigner. Even if your role is just a support like outsourced support team to answer those tickets opened by clients.

[jonatuzc]

Just to let you know virtual currency and cryptocurrency is not the same thing, they are differences between the two, bitcoin is a cryptocurreny.

Correct.To give an example (just for the heck of it) of a virtual currency - Coins that you earn by playing cool math games.

Virtual currency is a simulated currency. Meaning it does not have the properties of money. An example is virtual currencies in games. The supply is controlled by the game company, they decide when to issue more (or sometimes not as bugs create duplication).

Digital currency has all the properties of money, while existing on the internet.

It would be a waste of time and derailing the thread to comment here.

OP,it needs a license should you not choose to operate illegally.Everything else is pretty much dependent on your location and laws.

In my country gambling is a crime so there is no chance for opening a casino in my country because it is the place related to gambling and all the people who want to gamble get together in casino.

I gamble in my local places which the security institutes do not know about because if they informed by some sources they will seal that place and will arrest all the gamblers. Therefore I cannot gamble openly. And the opening of a casino is not possible due to the strict law.

[Slark]

1. There is no need for any license - I know plenty of casinos which are not regulated by any law, license or permit.
2. If bitcoin casino is licensed then it most likely means they have some pretty useless license obtained from Panama, Cura-Cao or other free-state.
3. License won't prevent a casino from defrauding money, the owner will be able to run off with the money with no problems if he would want to.

[joebrook]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

I believe that it's basically the same thing it doesn't matter the type of currency people will use to do the gambling as long as it is a casino, you will have to license it and there is no two ways about it.

[offlinedragon]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

I believe that it's basically the same thing it doesn't matter the type of currency people will use to do the gambling as long as it is a casino, you will have to license it and there is no two ways about it.

Yes because one cannot rum casino without special permit from the government and for that he will have to obtain a license. I think that this rules will be there in online casinos because gambling is gambling if offline or online. License is must and there must be rules for all the gamblers to gamble on a specific site as there are rules of gambling offline and in regular casinos. No one can violate the rules and policies of the casino.

[LuanX3]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

I believe that it's basically the same thing it doesn't matter the type of currency people will use to do the gambling as long as it is a casino, you will have to license it and there is no two ways about it.

Yes because one cannot rum casino without special permit from the government and for that he will have to obtain a license. I think that this rules will be there in online casinos because gambling is gambling if offline or online. License is must and there must be rules for all the gamblers to gamble on a specific site as there are rules of gambling offline and in regular casinos. No one can violate the rules and policies of the casino.

The casino software usually does not need a license to use it, if it is a paid script though of course you would need a license from the creator to make use of it. However, if you are asking if a license is needed when operating it from the government then it depends on your laws. However, usually there are better jurisdictions to register your casino like Curacao.

[bhadz]

1. There is no need for any license - I know plenty of casinos which are not regulated by any law, license or permit.

It's true, my guess there are casino's that are operating without license from the government. As some countries still not recognizing bitcoin as a currency so there's no need for a business like online casino of registering.

2. If bitcoin casino is licensed then it most likely means they have some pretty useless license obtained from Panama, Cura-Cao or other free-state.

Seems likely.

3. License won't prevent a casino from defrauding money, the owner will be able to run off with the money with no problems if he would want to.

It's just a possibility but for the customers/gamblers license is quite a good assurance for their safety and legitimacy.

[zergenyt09]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

There are countries who prohibits online gambling, some don't even issue license or permits and if you are caught operating an online gambling site without a valid permit, that will result to jail time, you might even get deported if you are a foreigner. Even if your role is just a support like outsourced support team to answer those tickets opened by clients.

In my country there is no casino because the government does not allow to open a casino therefore I don’t know anything about opening a casino, but as I have heard that in Europe and USA or any other country casino is legal and the owners run their casinos openly.

I think that they have the license to op run a casino. The same I am sure will be in case of online casino. There will be a license to open a casino.

[piloder]

There are hundreds of bitcoin casino which are running without any legal license or any regulatory requirements. If they are only accepting bitcoin as payment method than there is no need to have gambling license but if you like to incorporate game from third party gambling platforms like softswiss they might ask for license.

To run simple dice, blackjack, roulette using available scripts and some custom games (if you have dev to make one) than you can start your casino very next day.

[JL421]

If you want everything to be legitmate then ya you should register it the problem with having a license is you will need to cut your profits short or increase the house edge. Being legal has many issues involved if you don't want any of those you can still work without a license

[BitMaxz]

If you want everything to be legitmate then ya you should register it the problem with having a license is you will need to cut your profits short or increase the house edge. Being legal has many issues involved if you don't want any of those you can still work without a license

It  takes a longer time before you can start your gambling casino if you get license  for your casino it needs a lot of documents business permit or any document needed before you can start your gambling casino..
Since we are in bitcoin we have a freedom to not adding license in bitcoin casino since there are lots of casino online don't had license..
So i see some programmers are selling their bitcoin casino script so you can start  your own gambling site here . promote it with budget to get impression and your gambling could be trusted if you escrow your campaign budget to promote it .

[cryptoalfs76]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

Yes, in other countries you can license up your online bitcoin casino if you want a legal process but you must accept the consequences that you must need a business permit or other papers documents that to legalized your operation. in this situation also your profit will be cut and controllable and your income will not be transparent in the government, like happen in our country they criticize all digital currency to pay a big taxes if you want it to become a legal.

[rodel caling]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

yes correct need to get an licence to operate for online gambling especially casino, casino online is an international online games every country have an regulation how to become legit the online gambling.

[nidacoinlove]

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

yes correct need to get an licence to operate for online gambling especially casino, casino online is an international online games every country have an regulation how to become legit the online gambling.

Not all the countries will allow you to go for online casino business. There are some countries that favour online casino but there you have to pay a very high amount of your earning to the government in form of taxes. It will be better to operate your online casino from a country where there are still no tax on the virtual or software operations. Google it for more information and you will find some of those countries.