Topic: do bitcoin gambling sites need gambling licenses? - page 3. (Read 13494 times)

I don't need a gambling bitcoin/altcoin website for that,
I could do simply moving bitcoing around.... faster, and safty...

In all countries of the world where gambling is legal , this activity is regulated by authorities to avoid money laundering...

Could you explain in witch country is bitcoin / altcoin license required for run gambling website?

are you sure that an altcoin gambling website need license?

how to i pay tax, in altcoin?

if plaing is anonymous how do governament knows where coming from the players?

License doesn't mean that players are protected, it's mean that is controlled by authority, that's all,


To open a bank and a merchant account
To work with electronic payment system providers
To use gaming content from reputable, white-market providers
For more effective marketing and oftentimes better player conversion
For increased player loyalty stemming from perceived reputability of the casino

in the moment that you gonna use bitcoin... you "could" have problem in some countries as UK, USA, Russia, China.... due the bitcoin perceived as money
depends if your players play without confirming the ID.

On the other side, using an altcoin, without exchange on your website,
at moment you are not considered illegal by the governaments because the token (could be used as playmoney) so no cash...
another point for altcoin is that is not possible to pay tax in altcoin

The only problem is in peoples trust of the gaming platform...

there need to be ambicious and serious project that make players identity and altcoin safe

no

When using Bitcoin, I do not think it needs regulation or permits.

I pay great attention to the license, there are many new websites, these web sites do not have licenses but they can bet with Bitcoin, I think it is not necessary.

have seen is big confusion on this topic

Is important to understand that there can be bitcoin (and we talk about bitcoin only) at moment to be regulated in some of the countries around world

then is a ethereum, neo , dogde so on....

after that... the regulation is mostly for tax issue....

who pays tax if i have hold casino in bitcoin where country has bitcoin as money, all players or only players that is in that country?

At moment for BITCOIN casino,
 
if you host in a country where the bitcoin is officially considered as money, you have to check the laws....
Bitcoin has no names... could be considered 100% anonymous
All players could bet from a country that doesn't reconize bitcoin as money...
Casino could have multiple server that host it in different countries


For none bitcoin casino

Every other crypto it could be considered token or playmoney
because there is no exchange of money
no deposit with FIAT currencies
no cashout FIAT currencies
no transaction between FIAT currency or other currencies

so at moment if a casino use AZ or XY coins/token doesn't need geo license

It could have a gambling trusted agencies license for control of the right execution of the website
control that is nothing against the end user.

PS: Anyway even if i would be in Spain and I use Bitcoin + vpn... nobody could catch me

it will depend on the country you're in and the ones they're hosted in.

I do not think so, to create a gambling site, only requiring a large capital 

It is Correct that we need to take License to run a Gambling sites who runs in that county which have accepted bitcoin as a part of their currency and financial out flow, where Gambling also legal and they issues licenses. Then you have to take licence compulsory

Apart from that if you want to run illegally is ok until no one get noticed by your site if your business flow is low.

Talk to Micon about that. http://www.pokernews.com/news/2015/06/seals-with-clubs-bryan-micon-pleads-guilty-22060.htm
It depends on where you live. I know for instance that I would get into trouble if I started a gambling site where I live, even with Bitcoin.

I think it depends in your area.

But some of gamble sites use bitcoin and other payment options too.
I think just try to trustful site which are talking before here and you can get your payout.

That is the whole point of bitcoin my friend ...there is nothing to do with the license ??
nobody can catch them or stop them ,if the are taking precautions the right way ...ANONYMITY

I am not for licensing but I would not mind seeing audits to check the rng in poker on some of these sites.

No, majority of the casinos are operated without license ,its not a very big deal because the police and whatever type of cops/law and order people who handle this stuff has nothing to do with BITCOINS and yes offcourse its a problem when you try to exchange to fiat's.

That's a question that I was looking for an answer for some time now!
Thankfully, this thread answered my questions.

u don`t need any license when you use bitcoin...i think so

It all depends on from which country you are going to operate your gambling sites, In US & UK it is legal, it is upto you what type of payment system you want to accept. so which country gives legal for gambling then obviously you have to take license as for any business you need license for doing business.