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

[imstillthebest]

I think it is still in need for you to get a license before opening ot operating a Bitcoin gambling site or online gambling site because having a license to operate gives legitimacy to your site and it will help you to encourage people to dive into your site because they are comfortable and will entrust your site for the reason that you have license so the intention for running an online Bitcoin casino seems to legible and safe. People for sure are looking for trusted site and that will lead them for a search on a Bitcoin casino that have license for security and assurance that their funds will be safe at your site. Better secure first a license before running the site just for legal purposes. Better do also consult a legal expert for laws regarding that and search into which countries your players are target because some countries prohibit existence of online casinos.

Indeed. Getting a license is the first thing that you need before operatinf an online bitcoin casino, so that gamblers and crypto users will know if a your gambling site is legitimate and safe. No one would like to play in a gambling site if they don't have any license or they just create a fake license just to scam other people.

creating a fake license ? hows that possible  . i mean people can click on it and search it  . by that they can find out if the license is legit or not and i think its obvious if the site is fake because of thier designs , banners , fonts , etc  . people do also play on a new site that dont have license yet and i think some old sites still dont have license to but there are also gamblers that plays on them . not all gamblers are going to check license first but they check other factors instead and decide if they will play on it or not but still having a license is a plus point for gambling owners

[romero121]

It is a must to have the online casino registered. The registration process varies based on the country. Registration and holding of license makes it more trusted platform for gambling than the unregistered casinos. As of now we haven't got a perfect authority that provides licensing for online casinos. Different casino hold different license, maybe someday this will also go under complete regulation.

[bitcoin-shark]

I believe that it depends a lot on where you have the registered office of the company that will manage the casino I believe in America and Europe a license is needed and also guarantees that the games are fair and have economic coverage, other countries (Panama?) are more permissive and perhaps none of this is needed, in other countries games of chance with crypto payments are still prohibited

[LbtalkL]

creating a fake license ? hows that possible  . i mean people can click on it and search it  . by that they can find out if the license is legit or not and i think its obvious if the site is fake because of thier designs , banners , fonts , etc  . people do also play on a new site that dont have license yet and i think some old sites still dont have license to but there are also gamblers that plays on them . not all gamblers are going to check license first but they check other factors instead and decide if they will play on it or not but still having a license is a plus point for gambling owners

Some fake website has flawless designs , banners , fonts , etc. But you are right the majority does not look good. Creating a fake license is very possible, I encountered a scam projects before and they have created a fake license but it is not gambling-related, some people will just look at the piece of document and will not bother to verify It, so we need to be careful and take time to read some reviews. I guess those gambling sites without a license has gained trust after existing for a long time with good service. But I am still confused, is license on online gambling really required?

[coinfinger]

Need and should are different things. If you want to start a casino you do not need anything, you just need one website and you have a casino, simple as that.

However if you want to own a proper one that people could have fun with, you should register somewhere, it is not even that much of a trouble because you can register in some shady country with shady laws and keep paying them to make you look legit whereas you are basically not even properly registered anywhere and nothing will happen to you.

All of those coracao or whatever licenses worth literally zero to me for example, even the best places that have it, means zero to me, if I do not trust a place I will not start because of that shady license, either I trust them directly or I do not trust them, license worths nada.

[pixie85]

Getting a license is really easy. You can get a license from a country that supports gambling and running an online casino makes it very convinient for you to apply wherever you want because there's no rule that your server must be located in the country that provides the license.

Many online casinos get registered in Curacao, Malta, Cyprus.

Casinos that aren't licensed are not worse than those with a license. Licenses cost you money so you need a decent turnover to be able to afford it. Many operators don't apply especuially when the business is in aa early stage.

[tippytoes]

Getting a license is really easy. You can get a license from a country that supports gambling and running an online casino makes it very convinient for you to apply wherever you want because there's no rule that your server must be located in the country that provides the license.

Many online casinos get registered in Curacao, Malta, Cyprus.

Casinos that aren't licensed are not worse than those with a license. Licenses cost you money so you need a decent turnover to be able to afford it. Many operators don't apply especuially when the business is in aa early stage.

This is actually true, most gambling websites will not acquire license at the very early stage of their operations. They can apply for license, either from Curacao, Malta, Cyprus and to add Estonia for inexpensive and fast processing of gambling license. But I'm curious if the OP finally got his own casino. He was last active last Oct 2017, did he launch his bitcoin casino in the forum without us knowing that he is behind such casino?

[bitcoin31]

License is always important why players will trust to your gambling sites if you do not pay taxes or getting license.
Having license to the gambling sites can atract players because once you have that you look more legit but they have gambling sited that don't have any license but it depends also where is your country if it's mandatory to have license better you should get to not cause a problem.

[Google+]

License is always important why players will trust to your gambling sites if you do not pay taxes or getting license.
Having license to the gambling sites can atract players because once you have that you look more legit but they have gambling sited that don't have any license but it depends also where is your country if it's mandatory to have license better you should get to not cause a problem.

well, a license is really needed because the existence of the license can convince gamblers that the website has a good reputation and can be trusted, but you should know that there are currently gambling places that don't think about it but still run their business as an online gambling place.

[Ryker1]

Well, in gambling business I don't have much idea about the license for online casinos. It is still gambling. Some countries may not need to have a license for a bitcoin casino but if you want to be safe better to apply for a license. Though online casinos use virtual currencies still it may still be converted into cash that makes it a form of gambling. To avoid the problem in the future it is good if acquire a license to our gambling business and also the legitimacy of the your company.

[mindrust]

It is a must to have the online casino registered. The registration process varies based on the country. Registration and holding of license makes it more trusted platform for gambling than the unregistered casinos. As of now we haven't got a perfect authority that provides licensing for online casinos. Different casino hold different license, maybe someday this will also go under complete regulation.

No it is not a must.

One of the biggest casinos around have no licenses at all. Freebitco.in for example have no licenses yet they attract thousands of players every day.

As long as you don't deal FIAT a license isn't necessary. It would be a plus but definitely not a must.

[DarkDays]

I think it is still in need for you to get a license before opening ot operating a Bitcoin gambling site or online gambling site because having a license to operate gives legitimacy to your site and it will help you to encourage people to dive into your site because they are comfortable and will entrust your site for the reason that you have license so the intention for running an online Bitcoin casino seems to legible and safe. People for sure are looking for trusted site and that will lead them for a search on a Bitcoin casino that have license for security and assurance that their funds will be safe at your site. Better secure first a license before running the site just for legal purposes. Better do also consult a legal expert for laws regarding that and search into which countries your players are target because some countries prohibit existence of online casinos.

Any reason why you are necro-bumping a six year old thread?

It is quite clear that you don't need a license to open a Bitcoin only casino in most places, otherwise there wouldn't be literally hundreds of unlicensed bitcoin casinos on operation.

Nothing more to say about it, stop necrobumping threads!

[johhnyUA]

Getting a license is really easy. You can get a license from a country that supports gambling and running an online casino makes it very convinient for you to apply wherever you want because there's no rule that your server must be located in the country that provides the license.

Many online casinos get registered in Curacao, Malta, Cyprus.

Casinos that aren't licensed are not worse than those with a license. Licenses cost you money so you need a decent turnover to be able to afford it. Many operators don't apply especuially when the business is in aa early stage.

Lol, wtf you're telling to others. Without license your domen name can be blocked anytime (because of that many bitcoin casinos have black list of countries, like USA, because if they will accept people from USA without license, they will be seized) if any customer will complain to goverment. The best way is to buy offshore license (like Baham island or Cyprus) because this countries have agreement with UK and EU about gambling policy.

You can start your business without license, but be ready to stay in darkness forever.