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Topic: Betting in bitcoin is legal or illegal? - page 7. (Read 837 times)

hero member
Activity: 994
Merit: 515
Get'em boys
February 09, 2018, 01:09:51 PM
#55
I don't think it will illegal.
I like to think that once we get online it is a different territory which is a neutral ground, but if you want to be hard on your self then its a matter of whether gambling is allowed or not in your country, if it is acceptable then betting with bitcoin is legal .
hero member
Activity: 1305
Merit: 511
February 09, 2018, 12:14:08 PM
#54
Bitcoin gambling is not a illegal one.In United Kingdom, bitcoin gambling is legal. If you place some of your bitcoin in gambling means, you will get some if you have a luck.Most of the people in this world not aware of bitcoin till now,without the knowledge of bitcoin.They can't use it for gambling.
hero member
Activity: 966
Merit: 501
February 09, 2018, 12:02:06 PM
#53
i think legalization in asia greatly impacts the price movement of bitcoin .. asia is one of the biggest adopters ,, and bad news about bitcoin happening in asia greatly influence ,. and for that I really expect legalization to occur in many countries in asia so as to make the price grow very quickly and unexpectedly ..
china and korea are two countries that have a great role from the fall of bitcoin prices
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
February 09, 2018, 09:56:38 AM
#52
I don't think it will illegal.
In my country, gambling is illegal itself, no matter what you are betting with. In the other hand, Bitcoin is not recognized as "money" in my country so that using bitcoin as a source for betting is "double illegal" (lol). By the way, it's really hard to track users from the internet, especially on blockchain so that unless you are caught hand in hand, you can hardly be punished.
member
Activity: 252
Merit: 10
February 09, 2018, 08:10:48 AM
#51
I don't think it will illegal.
How about if some countries make this illegal since btc is not yet legal then we can't say that this will going to become legal because as far as I know som countries bans btc.
legendary
Activity: 1120
Merit: 1000
February 09, 2018, 07:39:59 AM
#50
Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal.

I believe gambling in some countries are legal, so your statement about gambling in anyform is illegal is moot.  Though we both agree that cryptos are not regulated but still if it is used in gambling following your statment will be illegal (your statement contradict each other.   @OP i think you should learn the diferent country's stance about gambling and gambling with cryptocurrency because every country have different legalities towards cryptocurrency gambling.
In fact it is depending on your country policy or your religion. If your country or your religion prevent you from playing gambling and it is illegal there in your religion then either you play gambling using bitcoin or fiat currency it is illegal for you. As in my country playing gambling is totally illegal either you play it using fiat or any other digital currency.
full member
Activity: 339
Merit: 102
February 09, 2018, 07:03:48 AM
#49
I don't think it will illegal.
If your country banned bitcoins or crypto currencies then betting inside your country with bitcoin will be considered as an illegal act,so you may be punished.But it is hard to find who is using the gambling sites using virtual proxy network,so there is no problem if you play using bitcoins even if your country banned them.
Which is right, even they (government) banned it all the way gamblers still will find their ways to keep on playing, it's really depend from the position of each countries how they interpret this system, if they totally against it, then betting using bitcoin will also be affected and will be restricted but if they
allow their people to use it possibly that they will have regulations to make it legal.
Basically it's human rights to do whatever we wanted but in government law there's some rules for you to avoid a punishment yeah the rules created in our country are to protect us - they said .... - just look at your own government rules, illegal or not it's up to your region rules. Basically no one can stop you to gamble but a punishment.
I think you misunderstood your concept here. Human rights are basically those good doings that should be done for the welfare of some other person. Also the basic necessities which someone needs a lot are also included in human rights. If every person has the freedom to do anything which he wants, it never means that he can kill someone just because he has the freedom to do anything. This means that he can do whatever he wants to do but by putting some limitations to himself in his life because government doesn’t give that much freedom.
jr. member
Activity: 126
Merit: 3
February 09, 2018, 12:09:18 AM
#48
It depends on what country you invest in BTC!

In countries where digital currency trading is banned, there is "an illegal possibility" to invest in BTC.

The price of BTC is influenced by some countries' policies!

If BTC is legal in the world, then BTC's value and price will be maximized!

sr. member
Activity: 243
Merit: 251
February 08, 2018, 11:49:35 PM
#47
I think it is normally legal unless the country in question explicitly sets out a law to make it illegal.
legendary
Activity: 3010
Merit: 1280
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February 08, 2018, 03:57:13 PM
#46
Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal.

I believe gambling in some countries are legal, so your statement about gambling in anyform is illegal is moot.  Though we both agree that cryptos are not regulated but still if it is used in gambling following your statment will be illegal (your statement contradict each other.   @OP i think you should learn the diferent country's stance about gambling and gambling with cryptocurrency because every country have different legalities towards cryptocurrency gambling.
sr. member
Activity: 420
Merit: 282
February 08, 2018, 01:25:35 AM
#45
See Bitcoin is not yet legalized in only some countries, so of course, Bitcoin betting is almost not legal. I see before betting try to read their TOS condiction because they will be mentioned playing at your own risk because they never asked for investment it is our interest betting with Bitcoin.
This is the most discussed topic, betting is legal in many countries, but we're talking about bitcoin betting, so I think still in many nations betting in bitcoin is not legal. It depends on the respective governments to legalise the betting on the bitcoin need to get approval from them.
No betting is legal in any country around the globe whether it’s of bitcoin or just simple betting because betting is considered a bad activity which really is in reality because many people got their lives destructed due to this bad thing and no country in the world would like their people to die due to this activity which doesn’t have any history in the past.

It’s just a man made addiction and it can be overcome only when the people will get labor or some solid ways of earning money otherwise continue with it.
Betting using bitcoin is illegal, because in digital world most of the transactions using bitcoin are not legalized. Other than that bitcoin are still decentralized so I think for no way for now to legalize all gambling. However, if you played in the casinos you can sure that all games inside that place are legalize but there are no bitcoin using on that.
hero member
Activity: 1498
Merit: 502
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February 08, 2018, 12:07:14 AM
#44
See Bitcoin is not yet legalized in only some countries, so of course, Bitcoin betting is almost not legal. I see before betting try to read their TOS condiction because they will be mentioned playing at your own risk because they never asked for investment it is our interest betting with Bitcoin.
This is the most discussed topic, betting is legal in many countries, but we're talking about bitcoin betting, so I think still in many nations betting in bitcoin is not legal. It depends on the respective governments to legalise the betting on the bitcoin need to get approval from them.
No betting is legal in any country around the globe whether it’s of bitcoin or just simple betting because betting is considered a bad activity which really is in reality because many people got their lives destructed due to this bad thing and no country in the world would like their people to die due to this activity which doesn’t have any history in the past.

It’s just a man made addiction and it can be overcome only when the people will get labor or some solid ways of earning money otherwise continue with it.
hero member
Activity: 3024
Merit: 680
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February 07, 2018, 06:00:03 PM
#43
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.
full member
Activity: 238
Merit: 112
February 07, 2018, 05:57:36 PM
#42
Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal. With the way, so many gambling sites signature campaign has been going in this forum you should have already gotten your answer. And moreover, and the good thing about bitcoin gambling is that no authority can question this actions because of the decentralized nature of bitcoin. And again, user information are highly protected.
Actually, gambling is illegal in my country. Whether it's gambling using Bitcoin or not, but actually Bitcoin has also been banned by my country. So can you imagine how illegal the thing you are talking about right now, hahaha. But we must know that Bitcoin is just an ordinary currency. We can not get Bitcoin law, because Bitcoin is the same as the dollar and other currencies. To be punished is we who use the currency. And it depends on our actions in the currency we use for what activities. So it also depends on the activities we do. If your country and your religion prohibit gambling, then it is illegal.
full member
Activity: 210
Merit: 108
February 07, 2018, 04:19:38 PM
#41
Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal.
legendary
Activity: 1862
Merit: 1015
February 07, 2018, 11:36:46 AM
#40
My government against gambling activity also bitcoin so there are no gambling industry with bitcoin based at my place.
They do it in order to protect people from bad things that can happen when people start use bitcoin for gambling because as we know bitcoin is untraceable

...So even though if gambling/betting is illegal in your country, you can gamble with bitcoin and you might not be entitled for any crime or legal offenses.

Yes, I can still gamble and access primedice without any worry
hero member
Activity: 1694
Merit: 502
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February 07, 2018, 11:12:40 AM
#39
As with bitcoin you can bet without getting verified or without sending any of your information or documents so therotically nobody gonna know that you are the one who is gambling including your government. So even though if gambling/betting is illegal in your country, you can gamble with bitcoin and you might not be entitled for any crime or legal offenses.
That is the beauty of bitcoin gambling, you can deposit money and later withdraw without any hustle. You don't need ID documents, you don't need bill's, and I don't know what kind of verifications. That is the beauty of bitcoin gambling, and that is what I always try to point out when I speak about gambling generally.
I gamble on 888 site, I play poker there and other games but all that is real hustle comparing with bitcoin gambling.
In the end bitcoin gambling or just gambling is illegal in many countries, but for now in my country Serbia you can gamble with any currency including bitcoin freely.
legendary
Activity: 966
Merit: 1006
February 07, 2018, 10:42:17 AM
#38
As with bitcoin you can bet without getting verified or without sending any of your information or documents so therotically nobody gonna know that you are the one who is gambling including your government. So even though if gambling/betting is illegal in your country, you can gamble with bitcoin and you might not be entitled for any crime or legal offenses.
hero member
Activity: 1820
Merit: 515
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February 07, 2018, 10:07:20 AM
#37
For me it is illegal.Any type of gambling is illegal.Although there are some countries recognized it as legal for the purpose of helping charity programs.But here in bitcoin,for me it is not allowed to used it because bitcoin is created as payments in online transactions not for gambling.
Why are you saying like this?
Bitcoin is also a currency so we can use it where we want,of course in gambling too.
Only it is illegal if your country banned gambling or bitcoin but most of the countries didn't ban bitcoin so it may be legal to play with it if the gambling is legal in your country.
copper member
Activity: 490
Merit: 2
February 07, 2018, 07:20:07 AM
#36
For me it is illegal.Any type of gambling is illegal.Although there are some countries recognized it as legal for the purpose of helping charity programs.But here in bitcoin,for me it is not allowed to used it because bitcoin is created as payments in online transactions not for gambling.
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