Are Bitcoin Casinos Legal ? - page 3.

Rahar02

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Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

I was searching all over the internet and could not find the answer.

Are crypto casinos legal ?

Do they need a license ?

I'm talking about casinos that accept only cryptocurrencies. (No fiat money)

Here some information that maybe help.
If you live in Luxembourg, there are some restrictions:
Luxembourg has an outright ban on slot machines, but gaming machines are permitted at the sole licensed casino and account for a vast majority of its revenues.
A regulation for online gambling is also under discussion, but there is no substantial progress since this issue was mentioned in 2012.
REGULATED CASINO GAMES
Terrestrial:Slot machines and semi automatic games, roulette, blackjack, craps, punto banco, stud poker, trente-et-quarante, Hold’em poker, Ultimate Texas hold’em poker, la Bataille, Texas hold’em poker and Omaha poker 4 high.
Online:Only lottery games are available as nationally regulated products.
There are no legal online gambling offers in Luxembourg (except a limited offer of the Loterie Nationale with a maximum bet threshold per week of €250) ₁

Quote

Are US and China citizens allowed to play in that casinos ?

There are restrictions to play in online casinos, depends on which country we are talking about.
However, it can be avoided by enabling VPN.
Not sure in China, but US citizens probably can play[2]

[1]http://www.europeancasinoassociation.org/country-by-country-report/luxembourg/
[2]https://www.playusa.com/us/

marcbitcoins

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Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

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 legality issue will depend on which country that the gambling operation will take place. There are lot of issues before a legal Bitcoin gambling operation will be establish like if Bitcoin and gambling operation are legal in a certain country. If all are legal then gambling owners should request operation permit to their government so that they could legally to operate a online casino or any Bitcoin gambling operations that they desire. Some gambling operations are legal some are not so it will be the players call if they will check the legality of the operations before playing.

minime0105

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It depends on the country you're in. You may need to either get an online license or run it straight off. So i'd defo start by looking into the legal binding if any for the country or territories you're thinking to cover

sunsilk

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Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

I was searching all over the internet and could not find the answer.

Are you sure that you did your searched all over internet? there's a lot of articles that came out after researching keywords with what you are asking.

https://bitcoincasinos.reviews/bitcoin-gambling-legal/

https://topbtccasinos.com/bitcoin-casinos-legal/

Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

Are crypto casinos legal ?

Yes and no.

Yes if their country allows online crypto casino's to operate.

No if their country prohibits this type of business operation and service.

Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

Do they need a license ?

Software licenses is a must but if you're asking about local permits, yes they do depending again on the country they reside. Some country's doesn't need for this license as if they don't care about online crypto casinos.

Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

Are US and China citizens allowed to play in that casinos ?

Not sure about the law of these two countries but AFAIK they aren't allowed.

Harlot

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Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

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)

Short answer is yes. They are basically licensed most commonly under the carribean island of Cuaracao which gives easy licenses on online gambling casinos . The license is usually located below their website and is near a badge. With a licensed gambling site they can literally and legally offer their casino to every country who isn't prohibiting foreign licensed casinos. Also some gamblings casinos are locking ip addresses of countries that don't allow their services they are prohibiting players from that country to play so you don't have to worry if you are a canadian or amserican as chances are you can't even create an account in their website if your country is prohibited.

veleten

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Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

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)

you searched over the internet,but there are many topics on this forum regarding this question
I remember answering in one of them,let me dig it for you
if I don't find it to edit the post later,here is the breaf summary:
most of the casinos are licensed in Curacao,some are licensed in Costa Rica and Malte (substancially more expensive and more regulated)
US citizens are not allowed to deposit in many of the online casinos (Stake,Primedice spring to mind immediately)
chinese citizens are not allowed to gamble online by their own law,but I have yet to see a casino that bans chinese gamblers
some article to read: https://crypto.casinomobsters.com/crypto-gambling/licensing/

Andrew S

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There are casinos that can work legally. At the expense of rates by crypto currency. I read that it is necessary to register in the offshore zone. And at the expense of US citizens there was a restriction in participation.

avikz

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Quote from: mosprognoz on June 19, 2018, 07:25:20 AM

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)

A lot of crypto casinos are legal and registered entity. They run by a proper legal entity name and licensed to their originating country.

However, it depends on the lecal law to determine if a person from a certain nationality can play crypto casinos or not. Usually online casinos are open to the world, but the player needs to identify their own legal clearences.

hilariousetc

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Join the world-leading crypto sportsbook NOW!

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.

coinlocket$

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#1 VIP Crypto Casino

In many countries Casinos need territorial licenses to operate, not generic licenses but specific one for the country where they want to operate. In addition to this fact, it is forbidden for people in some countries to play on casinos that have a generic and non-specific license. So for the logic if everything is in order with regard to territorial licenses and the casino accepts as a payment method the crypto I do not see why it is not legal.
Obviously it must be legal to use the crypto coins (with provbably new licences) in both for the countries, where the customer is and where the casino is located.

BTcoint

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This post should moved to bitcoin discussion not in Meta . Below links might answer parts of your question :
https://bitcoinplay.net/
https://medium.com/edgeless/license-received-edgeless-becomes-first-legal-blockchain-casino-7ec171f72c3e

mosprognoz

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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)

Topic: Are Bitcoin Casinos Legal ? - page 3. (Read 936 times)