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Author Topic: Are Bitcoin Casinos Legal ?  (Read 720 times)
carlfebz2
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July 10, 2018, 06:22:07 PM
 #41

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.
On bolded part, same preference i would say and being licensed doesnt mean you are already excluded on potential problems and it doesnt mean they are trustworthy but somehow a licensed gambling site would give you some assurance that you can still possibly able to make actions when you do experience problems towards them or anything goes wrong compared to those casinos or gambling sites that are still on grey area.
For you as a gambler, legal or not always be prepared on unexpected circumstances.

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July 14, 2018, 10:26:05 AM
 #42

Some portals limit their services to players who live in certain countries. United States gambling in any of its manifestations is strictly prohibited. How to bypass such a ban? To find this game portal, which was in the country where it is allowed and gambling, and bitcoin use. Casinos in Macau exist in a completely different legal climate than gambling houses in Las Vegas, London or Monaco. China has strict laws prohibiting citizens from exporting cash from the country.

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July 14, 2018, 05:05:00 PM
 #43

I think cryptocurrency casinos are legal in some countries like the USA and Germany. Before I joined a Bitcoin online casino and I saw that so far, this casino is still active and has not been closed. So I think this is legal
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July 14, 2018, 08:16:45 PM
 #44

 I think for any business to be classified as legitimate, a business license is required. The business must be registered and given an accreditation in order to perform at its outmost best. Casino is a not an exception. Whether with bitcoins or not, one must be aware  that gambling is a risky game and you can end up losing huge sums of money. If bitcoin is involved, and the casino is a registered one, then it is very legal.
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July 15, 2018, 02:45:15 AM
 #45

A crypto casino or and ordinary casino would be illegal if the law of the country where you play prohibits it. Whether you use cryptocurrency or fiat money for betting is not the essential element for it to be illegal, what important is that, the law of the country where you played casino prohibits the playing of casiono.
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July 17, 2018, 09:41:14 AM
 #46

Regulations differ across the countries.

Some countries may have policies that don't even recognise bitcoin as a legitimate currency, which means that operating a bitcoin casino may be completely lawful. But I think that in most countries there is a need for a license before you are able to lawfully operate a casino, and with bitcoin related regulations tightening, I'd suggest to be extremely careful if you want to launch a bitcoin casino to avoid legal troubles. See a law professional about it.

As a player, again, it's different across countries. Some countries can have restrictions on online gambling activities even if it's bitcoin. Usually, you're able to search the relevant laws on google or even in the T&Cs of the gambling site. That's why you see the checkbox saying that "by signing up, you agree that gambling is legal in your jurisdiction".

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October 03, 2018, 03:30:28 PM
 #47

While online casinos continue to be increasingly popular activities throughout the world, there are still many countries where it is illegal to play online casino. Do you use cryptocurrency like bitcoin as the standard currency, the fact remains that it is still illegal in these countries.

Because of this, bitcoin casinos are only legal in countries where online gambling is legal. So it is important to ensure that you only play Bitcoin casinos from locations that allow you to do so by law.
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October 03, 2018, 03:48:04 PM
 #48

While online casinos continue to be increasingly popular activities throughout the world, there are still many countries where it is illegal to play online casino. Do you use cryptocurrency like bitcoin as the standard currency, the fact remains that it is still illegal in these countries.

Because of this, bitcoin casinos are only legal in countries where online gambling is legal. So it is important to ensure that you only play Bitcoin casinos from locations that allow you to do so by law.

It depends on the countries. Countries those have accepted crypto currencies, do not have or impose any issues on playing crypto casinos. But yes, citizens  who live in countries which have not yet accepted crypto currencies, are not allowed to play crypto casino legally until the country accepts crypto currencies. There are doors to play crypto casino without the knowledge of government. For examples; We have hotels, clubs and etc who free their customers with casino games either it would be fiats' or crypto's.



























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KorakPawon
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November 23, 2018, 03:07:39 PM
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 #49

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)

Cypto casino is legal, in every crypto casino there are terms and conditions that govern it and its players, and before you place any bets you have to first ensure that you have read and agreed with the terms and conditions. With these terms and conditions in place, it makes crypto gambling very legal and there is no reason to doubt it.
Do they need a license? Yes of course, the rules are not just limited, but extending to much bigger jurisdictions, yet, having a licensed casino has undeniable advantages, just like the benefits of proceeding transaction by banks. Hope this info help you out.
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December 03, 2018, 02:37:52 AM
 #50

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)

all forms of gambling in my country are illegal, so crypto casinos are clearly illegal,  but different things can happen in countries that legalize gambling,  but all types of gambling have the potential for crime,  such as fraud and other forms of crime,  we better avoid everything that  potentially harming us.
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December 12, 2018, 12:50:02 AM
 #51

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.
Bitcoin casinos are clear in most countries that it is illegal,  because in any way all forms of gambling have the potential for crime,  especially facilities for money laundering,  but even if there are countries that legalize bitcoin casinos, only a small portion of the countries in the world.
jeromix
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December 12, 2018, 12:21:22 PM
 #52

Some are already running it in other countries and it was being legally implemented. But, for other countries project like crypto gambling is not allowed and it is even forbidden. This is the difference between the governments because they had acted differently on every system that has been introduced like cryptocurrency system.

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