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maydna
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August 07, 2018, 09:26:34 AM |
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maybe it is better to get a license for creating a crypto gambling site so he can feel safe from the law. I think if he creates a gambling site, his visitor is not just come from the UK but he can have a visitor from all country because once his site is online and he can make a good promotion for his gambling site, it will attract many people to come to his site. and if he has a license, then he doesn't have to worry about anything and he can run his gambling site without any problem.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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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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St4yInTh3D4rk
Sr. Member
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Activity: 686
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"STAY IN THE DARK"
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August 07, 2018, 09:43:03 AM |
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You will want to get a license if you are aiming to build a large website with a lot of traffic. A few countries have very loose gambling laws but they are starting to crack down on crypto gambling and bringing on more strict regulations. Be aware that this field is highly competitive and you may struggle to attract players for a very long time, so be prepared to operate at a loss.
You might be right but if the OP manage to get the UK license with good customers support portal and nice website and do some campaign i.e signature campaign I totally believe he/she will not experience any loss because the cryptocurrency community believed in all what I mentioned. What if the OP is from other country where gambling sites are illegal and even crypto is also not legal, what will be do then. What i am saying is first check about gambling is legal or not with the country where you are living. As if it is illegal then their is no point of further talk. If it is legal then you can take a gambling license from your country as you dont need to have license for the customers living country. As the gambling site legal jurisdiction is where from their only you have to take license. Because once you get license from your country then you are totally free to start your online crypto gambling site giving your country license certificate which will make more legality of your site and more customers will be attracted. Same time check with other country users from where they are joining and whether their respective country have legal in gambling if not you have to forfeit them from joining your site. Yes he need to check the status of gambling as well as the crypto currency status in his country if he want to create a crypto gambling site,but there is no need to get license from all the countries I think the it will be enough to get license where the origin of that site.If gambling is illegal in that country then he need to move to another country to create his business. |
Hero/Legendary ..bustadice.. ▄▄████████████▄▄ ▄▄████████▀▀▀▀████████▄▄ ▄███████████ ███████████▄ █████ ████▄▄▄▄████ █████ ██████ ████████▀▀██ ██████ ██████████████████ █████████████ █████████████████▌ ▐█████████████ ███ ██████████ ███████ ███ ███ ████████▀ ▐███████ ███ ██████████████ ██████████████ ██████████████ ██████████████ ██████████████▄▄▄▄██████████████ ▀████████████████████████████▀ |
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DarkDrake (OP)
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August 08, 2018, 02:55:19 PM |
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Thank you all for the input.
i would like to answer a few questions i saw coming up quite a bit.
Did i do any research into this before i asked on the forum? No. i did not do any research and i used the UK as a place simply for reference. in hindsight i should have done some more research before posting here.
Will you be accepting fiat? if i were to have a gambling site dedicated to crypto i would more than likely not offer fiat deposit or withdraw but rather a bunch of cryptos. (not just btc/eth)
Is gambling allowed in my country? as i understand it gambling is allowed in my country if you have a license (i don't mind telling people i am from Denmark). if that would be an issue could i not just host the gambling website in a country that is more lenient with their gambling restrictions?
if you have any more questions for me i would answer them!
this is only a brainstorm stage currently, but if i figure out how to operate everything without sending myself to jail or in other troubles there is a decent possibility that i will work something out.
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CryptoGamblingSites
Copper Member
Member
Offline
Activity: 518
Merit: 26
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August 08, 2018, 07:00:44 PM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038 |
Bitcoin Poker, Casino, BTC Sports Betting | Ethereum, Altcoin, Bitcoin Exchanges at Crypto Gambling Sites |
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JanpriX
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August 08, 2018, 07:30:43 PM |
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Did i do any research into this before i asked on the forum? No. i did not do any research and i used the UK as a place simply for reference. in hindsight i should have done some more research before posting here.
Yes, you can do some research before posting here but I guess its okay in every sense. One of the main reasons why we have this forum is to exchange our ideas in every possible way and what you did proved that. You can always post here first with any valid point or question and no one will criticize you about it. Will you be accepting fiat? if i were to have a gambling site dedicated to crypto i would more than likely not offer fiat deposit or withdraw but rather a bunch of cryptos. (not just btc/eth)
Really like this idea. This would greatly benefit those peeps who want to gamble using different coins and still be hidden in terms of their identities. If you'll gonna add fiat, there's a high chance that you will comply with KYC regulations and some of the players that I know don't want that. Go with that path and I think you'll be right with it. |
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DarkDrake (OP)
Newbie
Offline
Activity: 54
Merit: 0
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August 08, 2018, 10:10:50 PM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . |
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DarkDrake (OP)
Newbie
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Activity: 54
Merit: 0
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August 08, 2018, 10:34:08 PM |
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Did i do any research into this before i asked on the forum? No. i did not do any research and i used the UK as a place simply for reference. in hindsight i should have done some more research before posting here.
Yes, you can do some research before posting here but I guess its okay in every sense. One of the main reasons why we have this forum is to exchange our ideas in every possible way and what you did proved that. You can always post here first with any valid point or question and no one will criticize you about it. Will you be accepting fiat? if i were to have a gambling site dedicated to crypto i would more than likely not offer fiat deposit or withdraw but rather a bunch of cryptos. (not just btc/eth)
Really like this idea. This would greatly benefit those peeps who want to gamble using different coins and still be hidden in terms of their identities. If you'll gonna add fiat, there's a high chance that you will comply with KYC regulations and some of the players that I know don't want that. Go with that path and I think you'll be right with it. thank you so much for your input and support  |
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CryptoGamblingSites
Copper Member
Member
Offline
Activity: 518
Merit: 26
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August 08, 2018, 11:02:22 PM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . Oh you want to ICO huh? Shameless plug, we hate the scamquitters, glad you don't want to be one... https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/ |
Bitcoin Poker, Casino, BTC Sports Betting | Ethereum, Altcoin, Bitcoin Exchanges at Crypto Gambling Sites |
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DarkDrake (OP)
Newbie
Offline
Activity: 54
Merit: 0
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August 08, 2018, 11:10:23 PM
Last edit: August 08, 2018, 11:53:06 PM by DarkDrake |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . Oh you want to ICO huh? Shameless plug, we hate the scamquitters, glad you don't want to be one... https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now" Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that. |
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posi
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August 09, 2018, 11:40:01 AM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . Oh you want to ICO huh? Shameless plug, we hate the scamquitters, glad you don't want to be one... https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now" Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that. I understand your point cause the cryptocurrency community don't like been use, cheat on not to talk of been scammed and with the exclusion of that the rules and regulations of every gambler is never gamble at any blackguard, scamp, vilian or a scoundrel gambling sites. So if you want to more traffic/player you need the license and keep your record clean. |
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DarkDrake (OP)
Newbie
Offline
Activity: 54
Merit: 0
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August 09, 2018, 12:25:22 PM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . Oh you want to ICO huh? Shameless plug, we hate the scamquitters, glad you don't want to be one... https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now" Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that. I understand your point cause the cryptocurrency community don't like been use, cheat on not to talk of been scammed and with the exclusion of that the rules and regulations of every gambler is never gamble at any blackguard, scamp, vilian or a scoundrel gambling sites. So if you want to more traffic/player you need the license and keep your record clean. it seems like i would be able to do it without a license but i will be as upfront with the people that would use my service as possible. transparency is key in the crypto world. |
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Sukut
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August 09, 2018, 12:42:17 PM |
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Depends on the country you found the company.
But all and all, you don't "need" one. You can stay illegal, not pay taxes and be off with it.
License would come handy for the potential customers.
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ocid
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August 09, 2018, 04:24:52 PM |
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clearly the license is very necessary if you really want the site to run smoothly and last a long time if it can be accepted legally by your country. with the existence of a government license, automatically the site that you make can be safer because it has legal permission
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kurian
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August 09, 2018, 06:19:04 PM |
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I really don't know how this licensing thing works. From what I understood from different topics on this board, o run a reliable casino it is advisable to get an online gambling license. You can choose different license jurisdiction including Curacao, Malta, UK, etc depending on where you host your casino. License gives you a better reputation and customer loyalty.
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ethereumhunter
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August 10, 2018, 04:12:04 AM |
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Depends on the country you found the company.
But all and all, you don't "need" one. You can stay illegal, not pay taxes and be off with it.
License would come handy for the potential customers.
I think he can choose the hosting company that doesn't prohibit gambling so he can register the domain and the hosting at the same time and he can continue to build the website. but if he wants to buy the gambling site, then maybe he can move the hosting with the other hosting that doesn't have any prohibition about gambling site. but it is better to have a license to run gambling site because you will be safe to manage your gambling site and don't have to worry. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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Abiky
Legendary
Offline
Activity: 3192
Merit: 1359
www.Crypto.Games: Multiple coins, multiple games
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August 11, 2018, 12:40:09 AM |
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If i wanted to create a crypto gambling site would i need to get a license in the countries where my customers would come from?
as in if i targeted people in the UK would i need a UK license?
or is the crypto space exempt from the licensing as it's not "fiat"
and if a licence is needed would i need one for each country i want my site to be used in or just one in general?
i realize this might be a nooby question but i wanted to ask as i don't know much about the legal side of the gambling scene.
I don't think that you'd need a license to operate a crypto-gambling site (AFAIK), especially if you won't be dealing with fiat in any way. Since cryptocurrencies do not operate within a single jurisdiction, it's hard to regulate them at a global scale. As such, they're tied to various regions worldwide instead of a single region or country. On the other hand, decentralized gambling applications which rely on smart contracts, wouldn't rely on a license to operate, since they can be executed by anyone in the world. However, anything is possible, as we've seen the SEC in the US cracking down on unregistered ICOs within crypto land. If governments see crypto-gambling sites as a threat or as something that doesn't generate them taxes, then regulations for this sector will come for sure. Things aside, since the casino I'm promoting under my signature (called Bitcasino) is already licensed, then I guess that other crypto-gambling sites will follow in the long term. AFAIK, it's not a requirement, but it could be soon. Nevertheless, it's advised to consult a counselor or lawyer about this to be on the safe side.  |
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henmark
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August 11, 2018, 06:31:17 AM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . Oh you want to ICO huh? Shameless plug, we hate the scamquitters, glad you don't want to be one... https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now" Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that. I think I found a sensible comment after a long time. Really this is what I want to say. Why we prepare a pool of stupid people who lose their money and this all happening according to plan. Why we take their money and tell them to try it again as good options are there too. I can never be a profitable person by making other lost and investing on their money to become successful, no. |
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DarkDrake (OP)
Newbie
Offline
Activity: 54
Merit: 0
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August 11, 2018, 12:10:31 PM |
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If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate. Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost. The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country. The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws.... It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalk.org/index.php?topic=4691540.msg43725038#msg43725038thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before . Oh you want to ICO huh? Shameless plug, we hate the scamquitters, glad you don't want to be one... https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now" Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that. I think I found a sensible comment after a long time. Really this is what I want to say. Why we prepare a pool of stupid people who lose their money and this all happening according to plan. Why we take their money and tell them to try it again as good options are there too. I can never be a profitable person by making other lost and investing on their money to become successful, no. thank you for having the same mindset |
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noormcs5
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August 11, 2018, 01:55:33 PM |
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maybe it is better to get a license for creating a crypto gambling site so he can feel safe from the law. I think if he creates a gambling site, his visitor is not just come from the UK but he can have a visitor from all country because once his site is online and he can make a good promotion for his gambling site, it will attract many people to come to his site. and if he has a license, then he doesn't have to worry about anything and he can run his gambling site without any problem.
Well maybe in the develop countries like UK, USA we need to get license to operate the gambling site as it is in their laws. But for many under developed countries no license or other legal stuff is required. Another thing to note is that in some places gambling is prohibited or even considered as a sin, so if you open / operate site from such places, then it can cause you legal complications too. |
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mikyadel
Full Member
Offline
Activity: 448
Merit: 100
Arabic Translator
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August 11, 2018, 11:29:41 PM |
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Simply you don't need a license of any kind .However, it would be nice to have one if you can afford one as it will be like an advantage over other sites and would attract many whales who can be afraid of betting too high.
you could try getting one from any of Caribbean countries where taxes are low and laws ain't very tight.
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