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Topic: Betting in bitcoin is legal or illegal? - page 8. (Read 838 times)

full member
Activity: 397
Merit: 100
February 07, 2018, 12:49:55 AM
#35
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.
Even gambling is not legalized in many countries but does that even matter. This game is still played by people from all over the world. Nobody even cares about its legalization. Bitcoin is also banned in few countries but if someone thinks, the citizen of that place have stopped dealing in this currency are definitely innocent. In the digital world, no one can limit action of others.
sr. member
Activity: 476
Merit: 259
February 07, 2018, 12:46:23 AM
#34
Depends on the country the casino is being hosted from. If gambling is legal on that country, then gambling with bitcoin will also be legal if the casino follows all the regulation that are imposed by the government. The casino cannot accept players from countries where bitcoin is illegal or gambling is not allowed.
It's not the only parameter that you need to check.
You also need to change the current status of bitcoin at that country.
If that country doesn't see bitcoin as a currency and they are against it/sees it as a digital asset but nothing more, then ai believe that even if gambling is prohibited at that country, you can still gamble because you don't actually use real money according to the country.
Anyway, most of the casinos are based at 3rd world countries so there is not a problem.
full member
Activity: 196
Merit: 122
February 06, 2018, 10:37:34 PM
#33
All forms of gambling is illegal, i think sports betting using bitcoin is illegal, but bitcoin itself is legal since this is only a currency to be used for illegal activities. Here in my country there are some legal casino but our government are planning to remove their license to operate because this business make more people suffer for debts that is why this is the best solution in that.
hero member
Activity: 980
Merit: 509
February 06, 2018, 10:13:37 PM
#32
As I know no regulations about betting bitcoin legal or illegal, when that country not prohibition or banned bitcoin I think is legal.
In my country not legalized bitcoin yet, but some of my friends betting with bitcoin. They said easy use bitcoin for betting and their can play while they do the activities.
hero member
Activity: 3234
Merit: 774
🌀 Cosmic Casino
February 06, 2018, 06:08:02 PM
#31
Many times has been discussed if bitcoin betting is legal or illegal. The only person can answer if its illegal is you, know what are the regulations about crypto gambling in your country. If there's no clear rules stating about the prohibition of bitcoin betting then assume it that its legal but if there's a regulation that says its prohibited then don't step in with the law if they say its illegal.
legendary
Activity: 1442
Merit: 1008
February 05, 2018, 10:50:38 PM
#30
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.
hero member
Activity: 1302
Merit: 540
February 05, 2018, 09:40:21 PM
#29
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.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 05, 2018, 01:52:40 PM
#28
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.
legendary
Activity: 1148
Merit: 1006
February 05, 2018, 01:30:49 PM
#27
I don't think it will illegal.

It depends on which country you are in. It is a case to case basis. 1 talked to one of the members here in bitcointalk.org and he says that Bitcoin is fine in his Southeast Asian Country but if they found out that you're Bitcoin came from winnings in gambling they will deactivate your soft wallet. They say it is part money laundering.
yeaj i have read some topics about this i just couldn't find where is it..but i am pretty sure that it was asia,the complain is about deactivating hes wallet just because he won from some gambling site.this means it's illegal..but some countries recognize bitcoin as betting materials you can play directly using your bitcoin

Well they should've been aware of the wallet's policies concerning gambling profits since btc gambling isn't illegal in their country. They can transafer to exchanges first before sending to their soft wallets. I don't think there are many countries banning BTC gambling since it functions pretty much the same as regular fiat gambling

I have few doubts.

1st how they can track he won bitcoins in gambling site?  according to me, this is a tough job and I think not possible.

Suppose he works for any signature campaign, for example, Betcoin or Bitsler he will receive his payment to his Bitlser or Betcoin account. So how they will identify he earned it for his hard work or won in gambling.

I think finding from where he received bitcoins is not possible. And suppose if your governament ban Bitcoin betting gambling site, using VPN method you can access any website. I think playing gambling with bitcoin, we don't need any legal formalities.
member
Activity: 322
Merit: 23
February 05, 2018, 10:35:02 AM
#26
I don't think it will illegal.
It depends upon on which country you are, if bitcoin in the country is legal then betting in gambling using bitcoin is also legal, not all countries are considering to allow bitcoin in their country and they declared also as a illegal so how could you gamble if you using bitcoin to betting in gambling. So, it is really impossible that bitcoin is legal but to used in gambling is illegal.
But there some place that bitcoin are recognized as a used in gambling.
newbie
Activity: 52
Merit: 0
February 05, 2018, 03:16:32 AM
#25
I don't think it will illegal.

It depends on which country you are in. It is a case to case basis. 1 talked to one of the members here in bitcointalk.org and he says that Bitcoin is fine in his Southeast Asian Country but if they found out that you're Bitcoin came from winnings in gambling they will deactivate your soft wallet. They say it is part money laundering.
yeaj i have read some topics about this i just couldn't find where is it..but i am pretty sure that it was asia,the complain is about deactivating hes wallet just because he won from some gambling site.this means it's illegal..but some countries recognize bitcoin as betting materials you can play directly using your bitcoin

Well they should've been aware of the wallet's policies concerning gambling profits since btc gambling isn't illegal in their country. They can transafer to exchanges first before sending to their soft wallets. I don't think there are many countries banning btc gambling since it functions pretty much the same as regular fiat gambling


Agree here, I have actually an interesting article, which should answer all these questions on my guide here
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
February 04, 2018, 08:27:38 AM
#24
I don't think it will illegal.

It depends on which country you are in. It is a case to case basis. 1 talked to one of the members here in bitcointalk.org and he says that Bitcoin is fine in his Southeast Asian Country but if they found out that you're Bitcoin came from winnings in gambling they will deactivate your soft wallet. They say it is part money laundering.
yeaj i have read some topics about this i just couldn't find where is it..but i am pretty sure that it was asia,the complain is about deactivating hes wallet just because he won from some gambling site.this means it's illegal..but some countries recognize bitcoin as betting materials you can play directly using your bitcoin

Well they should've been aware of the wallet's policies concerning gambling profits since btc gambling isn't illegal in their country. They can transafer to exchanges first before sending to their soft wallets. I don't think there are many countries banning btc gambling since it functions pretty much the same as regular fiat gambling
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 04, 2018, 04:19:18 AM
#23
I don't think it will illegal.

It depends on which country you are in. It is a case to case basis. 1 talked to one of the members here in bitcointalk.org and he says that Bitcoin is fine in his Southeast Asian Country but if they found out that you're Bitcoin came from winnings in gambling they will deactivate your soft wallet. They say it is part money laundering.
yeaj i have read some topics about this i just couldn't find where is it..but i am pretty sure that it was asia,the complain is about deactivating hes wallet just because he won from some gambling site.this means it's illegal..but some countries recognize bitcoin as betting materials you can play directly using your bitcoin
full member
Activity: 420
Merit: 102
Arianee:Smart-link Connecting Owners,Assets,Brands
February 03, 2018, 11:40:40 PM
#22
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.
full member
Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
February 03, 2018, 10:44:23 PM
#21
No regulator here in crypto you need to base if it's legit or scam in the site because even it's like that we still need license to run some business here like many gambling example of that is primedice if they scam us of course there some punish in that i think no need to question if it's legit or scam always read their site and always play in already trusted site here in crypto.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
February 03, 2018, 09:02:34 AM
#20
Depends on the country the casino is being hosted from. If gambling is legal on that country, then gambling with bitcoin will also be legal if the casino follows all the regulation that are imposed by the government. The casino cannot accept players from countries where bitcoin is illegal or gambling is not allowed.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
February 03, 2018, 08:58:53 AM
#19
I don't think it will illegal.

I also don't think it will illegal, but you and me we are gamblers we don't make the rules of law, you and me follow the rules of law. In my view, every country has their own rules of law and behalf of law they announce that gambling is illegal or legal. But you have realize in most of the countries, where gambling is illegal to play in real casino but in online those countries have no issue for online gambling sites. Like in my country gambling is illegal to play in casinos but people are playing online bitcoin gambling with openly and my government has no any issue from it. 
member
Activity: 252
Merit: 10
February 03, 2018, 08:30:04 AM
#18
Indeed every country has different rules about gambling, and I don't think there are many countries that prohibit gambling and also my country prohibits any form of gambling either real or through online. and I think avoiding gambling is the solution of the right frugal lifestyle.
Yes you are right. There are some countries already implemented that gambling is illegal in them but I think even betting in bitcoin is illegal but there is nothing they can do unless they ban bitcoin in your county.
full member
Activity: 462
Merit: 100
February 03, 2018, 07:49:08 AM
#17
I don't think it will illegal.
Its not Illegal but it is not also legal. Vice-versa right? It is not illegal since betting in bitcoin is not yet exposed in law or in our government I think there are some of them do it. It is not yet legal since betting in bitcoin is not giving the permesion or the permit. Since in our countries except China and Korea we are freed to do about bitcoin. Or about betting in bitcoin we are not illegal to do but the we are free and this is the benefits in our country.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
February 03, 2018, 07:33:33 AM
#16
it has nothing to do with bitcoin but it is a general law about online gambling.
in some countries it is illegal or not exactly legal to run an online gambling site.  so if you want to know about legality of betting with bitcoin then you have to check if online gambling in general is legal or not.

for example according to FBI it seems to be illegal to gamble online but there are exceptions:
https://www.fbi.gov/news/stories/2007/june/gambling_060607
Quote
“You can go to Vegas. You can go to Atlantic City. You can go to a racetrack. You can go to those places and gamble legally. But don’t do it online. It’s against the law,” says Leslie Bryant, head of our Cyber Crime Fraud unit at FBI Headquarters.

there is a list of them here if you are interested: https://en.wikipedia.org/wiki/Online_gambling#Legal_status
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