marielbeckham
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June 23, 2018, 10:22:31 PM |
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I guess it's better to check out the restrictions regarding this in each country you are interested in. The cases differ.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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ecnalubma
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June 24, 2018, 01:46:58 PM |
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I believe it is legal when they possess license to operate consider it illegal when they possess none. Maybe after the government crackdown exchanges crypto Casinos could be next to their list.
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Binugon
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June 24, 2018, 02:06:52 PM |
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Asking whether bitcoin casinos are legal is like asking whether is cannabis legal or not. Well, it depends on the specific laws of your country. If your country requires licences for them to run and to comply with anti-money laundering and know your customer laws and they don't then they're probably not technically legal or allowed to operate in that jurisdiction. I would check your own countries laws and what they require for an online gambling business to operate because nobody can give you a concrete answer without knowing where you reside.
the legal side of bitcoin gambling can be on your side. In certain situations bitcoin gambling sites are completely legitimate to operate and participate. |
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sheenshane
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Cashback 15%
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June 24, 2018, 03:11:12 PM |
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Asking whether bitcoin casinos are legal is like asking whether is cannabis legal or not. Well, it depends on the specific laws of your country. If your country requires licences for them to run and to comply with anti-money laundering and know your customer laws and they don't then they're probably not technically legal or allowed to operate in that jurisdiction. I would check your own countries laws and what they require for an online gambling business to operate because nobody can give you a concrete answer without knowing where you reside.
the legal side of bitcoin gambling can be on your side. In certain situations bitcoin gambling sites are completely legitimate to operate and participate. Yeah, it's clearly hilariousetc said that we could not build concrete answer if we don't know where you are residing at. So, if in your place bitcoin is legal then yes you can operate gambling site and have licensed to operate. Some countries not having a law regarding cryptocurrency so they are free to used bitcoin and casino site mostly they used digital money or bitcoin as betting money because it is convenience to used like paper money. |
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detector
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Activity: 484
Merit: 124
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June 24, 2018, 04:04:27 PM |
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Every country have their own policy against casino.
My government forbid gambling activity so they are consider illegal. As the impact that our people still less interest on cryptocurrency especially when BitHumb incident is happening right now !
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Dmitry.sit
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June 24, 2018, 07:45:29 PM |
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Casino is a gamble, and gambling should be banned for people, because they do not know when to stop.
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jseverson
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June 26, 2018, 02:13:30 PM |
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I'd like to note that a casino operating in Bitcoin rather than fiat likely has little to do with the matter. US gambling laws, for one, revolve around gambling itself, not the USD you gamble with.
But yeah there are conflicting views on the internet regarding online gambling in the US, but it seems like most of the confusion arise from online casinos themselves operating, not residents betting on them. If you want to set up your own casino, it's best to consult with an actual lawyer because of strict US rules. If you just want to play, you should be free to do so without any legal repercussions.
Gambling is outright illegal in mainland China and I would think that Bitcoin casinos fall under that.
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orions.belt19
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June 26, 2018, 03:38:33 PM |
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I'd like to note that a casino operating in Bitcoin rather than fiat likely has little to do with the matter. US gambling laws, for one, revolve around gambling itself, not the USD you gamble with.
But yeah there are conflicting views on the internet regarding online gambling in the US, but it seems like most of the confusion arise from online casinos themselves operating, not residents betting on them. If you want to set up your own casino, it's best to consult with an actual lawyer because of strict US rules. If you just want to play, you should be free to do so without any legal repercussions.
Gambling is outright illegal in mainland China and I would think that Bitcoin casinos fall under that.
Can it then be said that so long as the presence and operation of casinos in a country is legal = crypto casinos are also legal? If the use of crypto is immaterial to the legality of a casino, then the legality of casinos itself in the country should be looked into. It’s likely that if there’s a ban of crypto in the country, then putting up a casino which operates on crypto will be illegal as well. |
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jseverson
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June 27, 2018, 06:44:28 AM |
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Can it then be said that so long as the presence and operation of casinos in a country is legal = crypto casinos are also legal? If the use of crypto is immaterial to the legality of a casino, then the legality of casinos itself in the country should be looked into. It’s likely that if there’s a ban of crypto in the country, then putting up a casino which operates on crypto will be illegal as well.
That should generally be the case unless there are crypto-specific regulations in place. For example, gambling may be legal in some countries where Bitcoin is illegal, so Bitcoin casinos themselves are going to be illegal. There may also be some countries whose gambling laws revolve around bets themselves, so their legality would hinge on that. The reverse is just much safer to assume: that if casinos are illegal, Bitcoin casinos are also illegal. |
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audaciousbeing
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June 28, 2018, 05:23:33 AM |
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I was searching all over the internet and could not find the answer.
Are crypto casinos legal ?
Do they need a license ?
Are US and China citizens allowed to play in that casinos ?
I'm talking about casinos that accept only cryptocurrencies. (No fiat money)
The internet I have come to agree that it does not have all the answers or say the section of the internet we have access to does not have all the answers. When it comes to the legality of crypto denominated gambling, I think a visit to the gambling section of the forum would provide answers and focus should only be on those sites that have been in existence for long and are big enough to have legal troubles and how they deal with it. There is equally a thread on the economic of gambling on a country but with more pressing, he could give a report on crypto specific. I know some obtains license from some countries which gives them the legality to operate. For US and China citizens, they are restricted to participate in ICOs, the same reason why they are also not allowed to participate on crypto gambling sites. |
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satana_igor666
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June 28, 2018, 06:52:11 PM |
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Any gambling in places where there is no permit is considered illegal no matter what real money or crypto currency is at stake.
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ahmadbhatti
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July 01, 2018, 08:29:16 AM |
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yes legal They are basically licensed most commonly under the carribean island of Curacao which gives easy licenses on online gambling casinos,
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paul00
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July 03, 2018, 04:49:16 AM |
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In country if you are playing gambling without a permit you will be in jail if they saw caught on act because it is illegal but in this case I think bitcoin casinos are illegal or it depends on where country are you from?
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richminded
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July 03, 2018, 07:19:52 AM |
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In country if you are playing gambling without a permit you will be in jail if they saw caught on act because it is illegal but in this case I think bitcoin casinos are illegal or it depends on where country are you from?
Your location is important for us to know if online gambling site is illegal in your place. Well, if its illegal better to do trading which is more traditional and you can really earn a lot over time. Gambling is risky, and if there is a law about it on your place, you've better to stop looking for that and save yourself from that greed. |
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Budugbass
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July 03, 2018, 11:40:57 AM |
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I think it depends on the government that responds to everything related to crypto, if it's legal... everything related to crypto will be legal except negative actions like harming the others people. Well most of it basically states that it's illegal, because anyway crypto is still in the midst of a decision between it accepted or opposed, moreover associated with gambling, for a country that hasn't legalized crypto... of course it's illegal, no chance to permission. But so far, I think crypto gambling/bitcoin casinos... it's more crowded in cyberspace till now, it could be an illegal thing but legalized by certain peoples wherever their live.
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Virtual miner
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July 03, 2018, 02:48:58 PM |
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Casinos and online gambling are legal in many countries. And talking about bitcoin casinos, they are also operative in many countries. And those countries need to have complied with the licensing requirements in order to run the casinos. But that depends on the law of your country where you reside in and what is their modus operandi regarding the operation of casinos. I'd rather suggest you to go through this article: https://www.casinotop10.net/bitcoin-casinos |
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deadsilent
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July 04, 2018, 10:03:29 PM |
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I was searching all over the internet and could not find the answer.
Are crypto casinos legal ? Depends on country you are in. Some countries prohibits online casinos and even casinos are illegal and some countries are allowing it. You should go search that on google and check what countries are allowing casinos that are accepting Bitcoin. If you have a problems regarding to gambling in your country, if they government is against casinos, you can still bypass it and you won't get traced by using VPN. Some gamblers doing it. Do they need a license ? Of course, they will be labelled as illegal when they don't show any licence or permit to operate. They will seized by the government if they don't show any licence and maybe imprisonment depends on bad it is. Are US and China citizens allowed to play in that casinos ? I don't think US are against this type of casinos. But it still depends on casino. Crypto still legal on US. So i guess it safe to play there. Actually, many casinos there especially Nevada. Some casinos there are accepting crypto. Im not sure about China. China is now a hostile country when it comes to crypto. I don't think there's any casino accepting crypto. China is cracking down all crypto related business. So i think it's illegal there. I'm talking about casinos that accept only cryptocurrencies. (No fiat money) Man, there's a lot here on this forum. Just go to Marketplace-->Gambling Section. There's ton of them. |
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timerland
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July 08, 2018, 11:10:31 PM |
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Honestly depends on whether online casinos are allowed in a certain country or not. Some countries have licensing requirements as well, while others have more of a grey area when it comes to activity such as this since crypto may not be recognized as real money in their country.
There isn't really any sort of repercussion even if you do play at a casino that is unlicensed in your country, but it's definitely risky and the casino itself will be the primary target of any legal pursuit by the regulators.
If you're thinking of opening a crypto casino then you better do some research and consult a lawyer about potentially obtaining a license. If you're just playing, then I'd suggest picking the most trustworthy one instead of the "most licensed" one.
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Bharat24
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July 10, 2018, 10:37:19 AM |
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It depends on the local laws of that country in which you are living.
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jhongzjhong
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July 10, 2018, 04:06:37 PM |
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As what they say above it depends on which country you are if in your country using crypto is not legal then yes, you can play gambling without any worries about your government. Licensing in gambling is very important in your local country that's a part of the requirements before you can create a gambling site.
Luckily here our country we have a free decision regarding our bitcoin hold, besides they are now not taking any implementation in bitcoin or other cryptos, how much more in gambling.
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