Betting in bitcoin is legal or illegal? - page 6.

cryptocurrencyguru

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Quote from: noormcs5 on February 13, 2018, 06:27:26 AM

Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Quote from: livingfree on February 12, 2018, 05:39:51 AM

Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

But in my point wise, some countries where gambling is legal but bitcoin is not legal in their countries that's why their governments not accept bitcoin gambling legally. But i agree with your opinion that it is not totally depend on currency it is our country rules of law.

Yes, those country rules are making them restrict Bitcoin gambling, but through online gambling, there is no restriction for any country because gambling is not country restricted that's why most of the people want to gamble through online only.

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Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Quote from: livingfree on February 12, 2018, 05:39:51 AM

Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

But in my point wise, some countries where gambling is legal but bitcoin is not legal in their countries that's why their governments not accept bitcoin gambling legally. But i agree with your opinion that it is not totally depend on currency it is our country rules of law.

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Quote from: sheenshane on February 13, 2018, 12:33:48 AM

Quote from: ajmapalo22 on February 12, 2018, 07:48:48 PM

Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Quote from: livingfree on February 12, 2018, 05:39:51 AM

Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

So far most of the countries that allows bitcoin exchanges also allows bitcoin casino and other gambling site, and since no regulations has been established yet for bitcoin and other cryptos legality of bitcoin depends on how the country support it or not. As far as I know none declares bitcoin gambling as illegal stuff but those scam projects makes bitcoin image illegal to others.

Easy as that if bitcoin is legal in that country then, also gambling in bitcoin is legal too. There are some country that friendly on bitcoin they embraced of what bitcoin it is and they recognized bitcoin in their country. Those countries who trying to regulate bitcoin the gambling also in that place which is regulated. It is depend upon on some countries making bitcoin accept and having legalities on crypto's so there's no reason gambling makes illegal if bitcoin is legal.

Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

Agreed with your statement!

That does not only depends on the bitcoin alone , there are many countries where any kind of gambling is strictly prohibited. I think OP is concerned about those countries.
There are lots of players, who gamble with bitcoin online from those kind of country. As gambling website does not claim any KYC(I don't find any) and there are too many gambling websites so it is quite hard for government to track also.

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Quote from: ajmapalo22 on February 12, 2018, 07:48:48 PM

Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Quote from: livingfree on February 12, 2018, 05:39:51 AM

Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

So far most of the countries that allows bitcoin exchanges also allows bitcoin casino and other gambling site, and since no regulations has been established yet for bitcoin and other cryptos legality of bitcoin depends on how the country support it or not. As far as I know none declares bitcoin gambling as illegal stuff but those scam projects makes bitcoin image illegal to others.

Easy as that if bitcoin is legal in that country then, also gambling in bitcoin is legal too. There are some country that friendly on bitcoin they embraced of what bitcoin it is and they recognized bitcoin in their country. Those countries who trying to regulate bitcoin the gambling also in that place which is regulated. It is depend upon on some countries making bitcoin accept and having legalities on crypto's so there's no reason gambling makes illegal if bitcoin is legal.

Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

Agreed with your statement!

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Quote from: Gameroid on February 12, 2018, 07:32:29 PM

Quote from: livingfree on February 12, 2018, 05:39:51 AM

Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations.

So far most of the countries that allows bitcoin exchanges also allows bitcoin casino and other gambling site, and since no regulations has been established yet for bitcoin and other cryptos legality of bitcoin depends on how the country support it or not. As far as I know none declares bitcoin gambling as illegal stuff but those scam projects makes bitcoin image illegal to others.

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Quote from: livingfree on February 12, 2018, 05:39:51 AM

Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

Yes it is not depending on the currency you are playing with, but will depend on your country rules and regulations. If your country will allow you to play gambling and they consider gambling as legal then you can openly play gambling without any restriction, but i have seen so many people who even do not allow to play gambling but still they manage to play gambling using unfair mean both in casino as well as online gambling.

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Quote from: krishnaverma on February 02, 2018, 02:05:31 AM

There are different laws in different countries. You need to check the laws in your country. In my country there is a rule that only those gambling practises are allowed where there is some skill involved. Even then, it is completely banned in some of the states.

yes it will not be the same in every place, the difference is always there. And here, it is definitely illegal, because bitcoin itself is not so welcome here. But maybe other countries there are illegal. So the answer to this question will vary and nothing is right, nothing wrong. or illegal answers can be the right answer and legal answers can also be the right answer.

livingfree

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Quote from: sofi@ on February 11, 2018, 07:59:15 PM

It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

Legality is depending on the country's rule when it comes to something like this. And there are plenty of countries that are earning through the gambling industry so as long as gambling is legal on that country bitcoin gambling can be legal too. But it can be also illegal to those countries that are promoting illegality of gambling and it should be followed by the citizen as well.

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Quote from: boyptc on February 07, 2018, 07:00:03 PM

Quote from: Shwester on January 29, 2018, 07:39:17 AM

I don't think it will illegal.

It will not be illegal if your country isn't aware of bitcoin gambling or they are simply supporting gambling and bitcoin at the same time. But don't be confident because each country will know about bitcoin and on how it can be used. Most of the countries now are aware of cryptocurrencies and they are all making rules and regulations to it but as long as there's no clear directive about bitcoin gambling, it doesn't mean that its illegal nor legal in your country.

I don’t agree with your statement because I don’t think in this world of technology, there is some country which is unaware of bitcoin gambling. Every country whether it is a Muslim state or non Muslim state, people are well aware of such beneficial things as they really are beneficial but only when we see and focus on their positive side. Officially, bitcoin gambling is considered to be an illegal activity as it is against the morals of humanity but still alive in many countries.

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It is legal because if it's not I'm sure government are now looking into it and doing precautions just to eliminate it in the circulation. It is just that bitcoin gambling is not regulated and not supported by the government. What's only illegal is some scam projects that only focus in getting so many investors then after that they will take the money and gone in an instant.

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Quote from: gabmen on February 10, 2018, 10:31:29 AM

Quote from: Shinpako09 on February 10, 2018, 10:01:06 AM

If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

Well a local exchange site prohibiting gambling funds from goig through doesn't really make it illegal. And if gambling online with regular money is very much allowed in most places, i don't think btc gambling will have a different acceptance. Its basically the same with.

Banks are against the buying of bitcoin since they are blocking the card issuers from completing transactions all the sudden:

I have made several purchases using my credit cards in the past and did not receive any cease and desist orders from either my bank or my credit card issuer.
So this must of just started within the the past month.
As for as the exchanges go, coinbase has this rule in their terms and services agreement that you are not allowed to send to a gambling website the funds that you have being held on their site for you to use.

Many of players of such sites have complained that they have their accounts frozen and even terminated by this exchange for breaching their TOS agreement with doing just this act of sending from their CB account to a crypto gambling casino site.

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Quote from: Shwester on January 29, 2018, 07:39:17 AM

I don't think it will illegal.

It depends where country you live, because some countries banned the use of bitcoin. In some countries they allowed the use of bitcoin but they don't allow gambling.

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Quote from: bitllionaire on February 11, 2018, 01:51:52 PM

Quote from: Shinpako09 on February 10, 2018, 10:01:06 AM

If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

We have very clear law about gambling here in my county and in our religion, but still people continue playing gambling, may be the reason is that when people become tired of find jobs or do not have enough money to start a business then they are mostly attracted by gambling which they consider as the easiest way of making money, although it is the easiest and shortest way of making money but i think we cannot ignore the fact that it is also the most risky way of making money.

To me i don't see this as a source of income if you have no job because where are you going to get the money you want to bet? Through credit? What if you can't pay that debt? It will go stack and stack if you continue to get a credit but continues to play gamble.

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It's legal one.If the law is not stated anything about this, I am sure it was not a illegal one.Many people attract to gambling due to they will get real money as a winning price. If any gambler had worn atleast 1000$ in a single shot, they will addicted to play gambling at any cost.

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Quote from: Shinpako09 on February 10, 2018, 10:01:06 AM

If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

We have very clear law about gambling here in my county and in our religion, but still people continue playing gambling, may be the reason is that when people become tired of find jobs or do not have enough money to start a business then they are mostly attracted by gambling which they consider as the easiest way of making money, although it is the easiest and shortest way of making money but i think we cannot ignore the fact that it is also the most risky way of making money.

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Quote from: Shinpako09 on February 10, 2018, 10:01:06 AM

If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

Well a local exchange site prohibiting gambling funds from goig through doesn't really make it illegal. And if gambling online with regular money is very much allowed in most places, i don't think btc gambling will have a different acceptance. Its basically the same with.

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If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

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The legality of the bet is already certain, and it is legitimate to bet and play in many european and american countries. Once you're sure Bitcoin is legal, then we should think it's legal.

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Quote from: dylanc on February 09, 2018, 12:49:35 AM

I think it is normally legal unless the country in question explicitly sets out a law to make it illegal.

Yes I think no country have any rule regarding betting because most of people use to gamble and they bet so I think it is neither legal nor illegal, if bitcoin will be use for betting it will case of issue like money lose and other this kid issue bitcoin is good to hold as some countries have announced bitcoin as legal currency so in those country maybe bitcoin betting would be legal, but people cannot gable and bet in casino and beer bars as it is considers as illegal places.

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Quote from: Shwester on January 29, 2018, 07:39:17 AM

I don't think it will illegal.

There are different stances of everyone coming from different countries. Few have reasons that are mentioned below:
- If there are laws that don't allow gambling in a country, then be it Bitcoins or Fiat, it will remain illegal there.
- In a country where gambling is legal, and if you show that you've gambled and made money through Bitcoins, and even pay taxes for the same then nothing is illegal there.

Topic: Betting in bitcoin is legal or illegal? - page 6. (Read 820 times)