Topic: bitcoins and gambaling in UK - page 2. (Read 2808 times)
Seems like a couple other bitcoin poker sites have gone down recently. If you could jump through all the hurdles involved with finance and gambling regulations in the UK you could go far. You'd have to be careful of your US player base as well, because their authorities are rather renown for overreaching. A lot of previous online casinos had front companies in places like Gibraltar, Cyprus and other places with more lenient accounting.
Thinking of adding to my growing portfolio of projects by creating a gambling site, I have no idea where it stands in the eyes of "the law" It is not a currency (IMO) and does not link to a bank account, so do I need a gambling license? how are so many sites popping up?
I have done some light investigation and it's such a grey area, many people seem to think one can just up a scrypt to a server, and presto!
Are there any UK lawyers around to help me draw up a plan? I mean real lawyers, someone I can physically see, not a PM saying I can write a legal plan for X coins lol.
do I need to be an actual business?
This is a serious question and plan, I would like to see it through.
thanks all.
I have done some light investigation and it's such a grey area, many people seem to think one can just up a scrypt to a server, and presto!
Are there any UK lawyers around to help me draw up a plan? I mean real lawyers, someone I can physically see, not a PM saying I can write a legal plan for X coins lol.
do I need to be an actual business?
This is a serious question and plan, I would like to see it through.
thanks all.
You definitely need a licence to operate. I did email the Gambling Commission back in the days with the same question and that's what they told me. Basically they said money and money equivalents are treated the same way.
But don't necessarily give up on the idea, fully regulated UK casino could be pretty appealing, as the winners could enjoy tax free winnings. So it's a question whether you could earn enough to cover the cost of licence.
Thinking of adding to my growing portfolio of projects by creating a gambling site, I have no idea where it stands in the eyes of "the law" It is not a currency (IMO) and does not link to a bank account, so do I need a gambling license? how are so many sites popping up?
I have done some light investigation and it's such a grey area, many people seem to think one can just up a scrypt to a server, and presto!
Are there any UK lawyers around to help me draw up a plan? I mean real lawyers, someone I can physically see, not a PM saying I can write a legal plan for X coins lol.
do I need to be an actual business?
This is a serious question and plan, I would like to see it through.
thanks all.
in some countries gambling site has been banned so for the state gambling sites will be blocked and you will not be able to get the players from that country. I thought you could not ask for permission to make online gambling sites dude. it happened in my country.I have done some light investigation and it's such a grey area, many people seem to think one can just up a scrypt to a server, and presto!
Are there any UK lawyers around to help me draw up a plan? I mean real lawyers, someone I can physically see, not a PM saying I can write a legal plan for X coins lol.
do I need to be an actual business?
This is a serious question and plan, I would like to see it through.
thanks all.
I do not know in your country. I think you can run a gambling site without permission. because in online all free dude ?
Thinking of adding to my growing portfolio of projects by creating a gambling site, I have no idea where it stands in the eyes of "the law" It is not a currency (IMO) and does not link to a bank account, so do I need a gambling license? how are so many sites popping up?
I have done some light investigation and it's such a grey area, many people seem to think one can just up a scrypt to a server, and presto!
Are there any UK lawyers around to help me draw up a plan? I mean real lawyers, someone I can physically see, not a PM saying I can write a legal plan for X coins lol.
do I need to be an actual business?
This is a serious question and plan, I would like to see it through.
thanks all.
I have done some light investigation and it's such a grey area, many people seem to think one can just up a scrypt to a server, and presto!
Are there any UK lawyers around to help me draw up a plan? I mean real lawyers, someone I can physically see, not a PM saying I can write a legal plan for X coins lol.
do I need to be an actual business?
This is a serious question and plan, I would like to see it through.
thanks all.
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