I think it is also a question of casinos making up their minds. If they want to be regulated, then they must push for a Bitcoin friendly country like Malta to make gambling fully regulated and fully legalized, and at the same time they can then use their blockchain laws to activate pure bitcoin casinos.
Now, you have to be either fiat or crypto.
Topic: Blocked: The money transfer wars - Could bitcoin help? - page 2. (Read 421 times)
One thing strange about these regulations is that they never get to touch giants like Bet365. They are allowed to operate freely even in restricted markets.
What do you mean? Can you elaborate a little bit? Bet365 is based in England and under the regulation of UK Gambling Comission.
How can someone stop it when crypto gambling is all over the world.
As mentioned on the article, they are taking different approach on this matter.European governments are taking different approaches to the rise of offshore online gambling.
The solution for this is to just let them do what they want to do and find an alternative way and avikz is right, it's true bitcoin/cryptocurrencies.
One thing strange about these regulations is that they never get to touch giants like Bet365. They are allowed to operate freely even in restricted markets.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Probably it will increase. However, bitcoin and other cryptocurrencies can also be tracked to the owner and he might have legal problems using btc as well.
The good thing about bitcoin is that we can use mixers. Gambling is certainly a good market for mixers, as gamblers need to clear their tracks because of regulations issues.
With this problem i dont think that the use of crypto or the use of crypto in gambling will increase .
crypto such as btc arent also fully trackable , they can only see you address or balances but not your name and other info . about mixers , mixers dont also work on btc alone because it can also be used on other cryptos and mixers arent only good for gambling purpose but it can be used on other activities as well if you are realy consious about your privacy
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Probably it will increase. However, bitcoin and other cryptocurrencies can also be tracked to the owner and he might have legal problems using btc as well.
The good thing about bitcoin is that we can use mixers. Gambling is certainly a good market for mixers, as gamblers need to clear their tracks because of regulations issues.
Hi community!
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
while it is expected for the governments to protect their markets , you should have known better than to try and establish a fiat casino in a country like Norway
they have one of the stringiest regulations , along with the UK
will it increase the popularity of bitcoin and other cryptocurrencies being used in gambling? definitely so
people who run casinos will transfer to crypto sooner or later or the industry will get monopolized by the "legal" fiat casinos
I don't think that domain blocking would solve the problem for the regulators , it can be got around easily
for example there is an industry of semi-legal ( read illegal) gambling online sites in Russia that are getting blocked - they just change their domain every now and then and promote it agressively
some say 80% of the ads in the pirated movies are sponsored by such casinos
How can someone stop it when crypto gambling is all over the world. It's been popular already and more people every year shifts their attention to this industry. Even fiat based casinos are also threatened here. And there are ways to avoid detection like VPN so I don't think they will win on this war.
Malta is also one of the safest haven for online gambling, it government wanted to stop it, then they should cut the heads directly and go to Malta. But they couldn't do that and Malta won't allow someone to disrupt one of the biggest income generator for them.
Malta is also one of the safest haven for online gambling, it government wanted to stop it, then they should cut the heads directly and go to Malta. But they couldn't do that and Malta won't allow someone to disrupt one of the biggest income generator for them.
Bitcoin, other crypto currencies and bitcoin casions can certainly help citizens of those countries who are not allowed to gamble online for whatever reason.
Unless the government bans access to those sites. In that case one can always use VPN or SOCKS but you are then in breach of the TOS and the casino can suspect your are using multiple accounts and ban you.
Unless the government bans access to those sites. In that case one can always use VPN or SOCKS but you are then in breach of the TOS and the casino can suspect your are using multiple accounts and ban you.
Hi community!
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
The gambling industry all over the world has been an industry subject to high level of scrutiny beyond any industry and this is largely due to the high propensity for it to be infiltrated by people who want to launder money. Even in territory where gambling is allowed, the high level of control and the mandate of reporting and filings for compliance purposes are second to none. In this scenario, quite a number of people might want to adopt crypto as a a way to go but I'm not expecting it to be significant because for you to convert to crypto means you need to have the cash and do it via the exchange sites where there are processes in place to ensure adequate KYC are complied with in other to carry out certain amount of transaction.
Hi community!
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
The answer is right in front of you! The answer is Bitcoin or any other popular cryptos like Litecoin, EOS, Dash or Doge or whatever you like! Cryptos are the best currency to be used in gambling business because of its anonymity and governments doesn't have the power to block any of it! If government start taking harsh measures to block banking access to the gambling industry, they can just move their operations to a gambling friendly nation and start operating using cryptocurrency! The adoption rate and demand, both will increase for cryptos as well as the users will have peace of mind! Simple!
Regulations has made it very difficult for some of the online gambling to strive and to me bitcoin be a decentralized form of money will help those people from those that are making laws that might make it difficult for online's gambling sites to survive.
I now see the reasons why bitcoin is becoming popular among the gamblers these days. KYC that ought to expose scammers and fraudsters is now not good enough and gamblers and investors are now prefer privacy. Transactions are now made easy and privacy of the send and received kept.
I now see the reasons why bitcoin is becoming popular among the gamblers these days. KYC that ought to expose scammers and fraudsters is now not good enough and gamblers and investors are now prefer privacy. Transactions are now made easy and privacy of the send and received kept.
Hi community!
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
We have recently published our newest story and this time it's about what's happening in Europe in the online gambling markets. Regulation has made it really difficult for the companies in this industry and it is affecting the currency transfers as well. Some countries have even intimidated with transaction blocks.
Graham A. Jarvis writes for example that Norway has given warning letters to major companies operating from Malta and blocked their transactions from Norway. This is a big cat on the table at the moment and a lot of companies are affected.
How alarming do you see this progress? Can this increase the popularity of Bitcoin and other cryptocurrencies being used in online gambling?
Read the whole article here: https://bojoko.com/stories/blocked-winning-the-money-transfer-wars/
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