Bitcoin casinos to surge in German market? - page 4.

mezzaluna

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

That shows the versatility of the German people to look for ways on how to still go through gambling. It is also an opportunity for the Cryptocurrency in the Gambling Industry to step up since that can still boost their popularity around the world. Banning some known Credit cards was a big step by casinos since they know that there can be lots of people and foreigners that can play with it.

bitbunnny

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Bitcoin casinos can surge in Germany if people don't choose to gamble besides using credit/debit cards or using Paypal. That will help them hide their identity, but if the casino requires them to do KYC, they can not do anything except follow the rule. But they will search for another gambling website to playing gambling. But at least, that can help bitcoin to grow fast in Germany.

Only gambling Will not help Bitcoin to grow, not in Germany or anywhere else. Ako, anonimity is not so high as it was before, if we can even talk about anonimity, so that will not attract gamblers. What we need is to build general awareness of cryptocurrencies and its benefits, then we'll also have changes in gambling industry.

Mauser

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Quote from: leea-1334 on August 19, 2020, 06:40:28 AM

It would be a nice change to see some casinos with licenses actually open up to having a new online license from a country like Germany instead of all the usual offshore suspects,,, but in the end, governments must realize they cannot restrict crypto casinos and this is what is really leading to the re-regulations in Germany. If you cannot beat them, join them, right?

That would be the best solution, instead of closing the market completely and watch casinos relocate to different countries, better make a fair tax system and profit of it. Creating more security for the investors and gamblers. I'm no export on the German market but I would assume in the current form its just much cheaper for casinos to open in small countries which offer a lot of tax incentives for new Internet businesses.

leea-1334

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It would be a nice change to see some casinos with licenses actually open up to having a new online license from a country like Germany instead of all the usual offshore suspects,,, but in the end, governments must realize they cannot restrict crypto casinos and this is what is really leading to the re-regulations in Germany. If you cannot beat them, join them, right?

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Quote from: Timelord2067 on August 19, 2020, 05:02:24 AM

How many Online Casinos are either registered in Germany, or are licensed to accept players from Germany?

From article's in OP - https://dailycasinobuzz.com/news/germanys-online-casino-gamblers-see-bitcoin-as-payment-option

Quote

Germany restricted online gambling operations in its territory. The European Union Law allows online gambling operations, but Germany has a different outlook towards the industry.

Means online gambling is not allowed, reason why people are looking for alternative to avoid government restriction and that is by using bitcoin to gamble or any cryptocurrency. I guess if they will allow gambling with crypto, it has not come into law yet and still on the process or in papers.

I am not sure if using bitcoin to gamble to avoid restriction is safe.

erikoy

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Quote from: Timelord2067 on August 19, 2020, 05:02:24 AM

How many Online Casinos are either registered in Germany, or are licensed to accept players from Germany? It might help to have a look at which markets accept Crypto Vs Fiat in the form of Credit Cards and see if the Crypto are out pacing the Fiat only sites.

Bitcoin casino are already introduce in the community and somehow common to other parts of the world that includes the german community. I think OP was right tha gamblers will join in an anonymous form of betting and that is by using the bitcoin. There could be a surge to bitcoin casino but I guess it needed more time to happen because others might be having some problems like technical aspect of cryptocurrency like creating and transferring crypto from wallets and buying crypto too in the market.

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How many Online Casinos are either registered in Germany, or are licensed to accept players from Germany? It might help to have a look at which markets accept Crypto Vs Fiat in the form of Credit Cards and see if the Crypto are out pacing the Fiat only sites.

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

With those instances, it simply means that's Germany have welcoming back crypto at their backyard. I say this a rightful thing to do during this time and it gives leisure for those people who stay at their homes have time to gamble if they want. But the intent of welcoming it back is not only for gambling purposes but it also gives the people an option other than fiat or another digital form of payment. Things can be changed as they needed it for this time.

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

According to the article, the demand for cryptocurrency among online gamblers in Germany is rapidly increasing. In here, we can say that gamblers here are already crypto-oriented and knows that gambling with the use of cryptocurrency is more convenient compare to the usual payment system they are dealing with fiat online casinos.

However, it was also mentioned in the article that the German government will restrict online gambling operations in its territory. Therefore, shifting to crypto-gambling or any form of gambling will also be banned or won't highly encourage. I don't know how the German government will able to restrict access to gambling sites, fiat, or crypto, but if they have a sort of technology to track down those citizens that will play against the law, it will be a problem.

I really don't like this gambling under the shadow. The proposed law should be modified and focus on targeting those illegal gambling operators instead.

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

Maybe yes but if the government's intention is to reduce the gambling activities then they will also regulate the crypto gambling sites or even can completely ban it.If not yes then the crypto gambling sites are going to get surge in the german market but why particularly for a country this is borderless society and anyone can join from anywhere if they have money and internet connection.

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

^ Gamblers should not worry because only those illegal sites are being tracked down by the government so they should play as they want to. The positive side of using blockchain networks to pay in online transactions is less time and less information so that the possibility of Bitcoin casinos is 99.99 percent to surge. Neverthless, I quite appreciated those gambling sites that has well disciplined and follow the regulations by the government.

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

While I do not like the idea of governments telling people how to spend their money at the same time this is a great opportunity for bitcoin and cryptocurrencies in general, people do not like to be told what they can do with the money that they have spent so much effort earning and if the German government is going to do something as dumb as this then it is likely that many smart gamblers that are aware of the existence of bitcoin and that did not adopt it for some reason or another will take the opportunity to do so now.

Shasha80

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The German government is known to be quite disciplined with applicable regulations. I believe the German government has banned visa
and mastercard in casinos, definitely because that casinos are illegal and do not have a license. The same is the case with online casinos
that stop using PayPal, that online casinos are likely not licensed either. And finally Bitcoin is the best choice for transactions in online casinos,
and causes a spike in the price of Bitcoin in the market.

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Quote from: plvbob0070 on August 18, 2020, 10:55:23 AM

Quote from: ShowOff on August 17, 2020, 12:20:39 PM

Quote from: plvbob0070 on August 17, 2020, 11:50:46 AM

If most gamblers would move to bitcoin, it will only take time for the government to also implement new laws on bitcoin in Germany. I think the regulation is to prevent gamblers from gambling in illegal sites. Instead of avoiding the government's intervention, they should also stop gambling in illegal gambling sites

Regulating anything about the rule is the duty of the government and I believe the German government will soon issue new rule regarding crypto gambling site if the interest in crypto gambling grow.

That's why if the German government is showing a strict regulation with gambling as a whole, gamblers can't escape it for too long even if they will use crypto to avoid regulations.

Gamblers may experience new things with crypto gambling sites that can be good for crypto adoption, but if illegal gambling sites would also switch to crypto, then the government will also come after them. But if the government is positive with crypto adoption, then they can promote it as an alternative for online transactions.

The German government is definitely being strict in gambling, if a gambling site or online casino is not licensed or not registered in Germany as a legal gambling site. So if people don't want to have problems, they should follow the regulations and licensed their gambling to be legalized. It will also be a problem if a illegal gambling sites would switch to adopting cryptocurrency because there is a chance that Germany would also banned crypto to avoid this kind of illegal activities.

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Quote from: PurpleFrog on August 17, 2020, 08:56:41 AM

After the German government banned Visa and Mastercard in casinos in June and PayPal stopped processing online casino transactions because of sanctions last year things are starting to look good for bitcoin casinos in Germany.

What do you think?

Well if things go well then it would be fun, if the government does not penetrate online illegal sites then transaction from bitcoin to other currency will be widely spread. Paypal doesn't have that much of satisfactory service with the clients, it requires more information that gamblers are not interested because such a waste of time.

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The good thing about bitcoin casinos is they don't need bank transactions and the Germany citizen can just play from there home and withdraw their cash (or buy some more coins)on next trip to neighboring nation. The gambling sites can be registered anywhere and they won't even have to follow german regulations as they are neither using german lands nor it's money.

plvbob0070

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Quote from: ShowOff on August 17, 2020, 12:20:39 PM

Quote from: plvbob0070 on August 17, 2020, 11:50:46 AM

If most gamblers would move to bitcoin, it will only take time for the government to also implement new laws on bitcoin in Germany. I think the regulation is to prevent gamblers from gambling in illegal sites. Instead of avoiding the government's intervention, they should also stop gambling in illegal gambling sites

Regulating anything about the rule is the duty of the government and I believe the German government will soon issue new rule regarding crypto gambling site if the interest in crypto gambling grow.

That's why if the German government is showing a strict regulation with gambling as a whole, gamblers can't escape it for too long even if they will use crypto to avoid regulations.

Gamblers may experience new things with crypto gambling sites that can be good for crypto adoption, but if illegal gambling sites would also switch to crypto, then the government will also come after them. But if the government is positive with crypto adoption, then they can promote it as an alternative for online transactions.

Obito

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If the government in Germany would not banned cryptocurrency. There is a chance that people in Germany would switch to playing gambling in a crypto casino because I know that online casino sites are not illegal in Germany, as long it is licensed or registered in their country.

Sadlife

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Decentralization really is a convenient tool to avoid centralization, why do government entities want to stop gambling at this time when it's one of the most profitable business that could help a country's economy during lockdown.
They've just make it worse, because people are now turning into Bitcoin and possibly migrating their wealth into it.

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Quote from: Ziskinberg on August 17, 2020, 05:05:15 PM

This is a very positive news for crypto casinos, with this, we can expect more casinos will join the market and that would make crypto casinos to be more competitive to the fiat casinos. Liking that idea that it would result to surge of bitcoin casinos (actually, crypto casinos).

Since usage will take place, the demands will bring the value to rise up. It's a good news to the entire community, adding bitcoin to casinos
as an option will definitely brings more players to use this currency.
Along the way even those who don't understand bitcoin will gather the interest and sooner they will also start using it and enjoy
the services.

Topic: Bitcoin casinos to surge in German market? - page 4. (Read 900 times)