Do you need licence to open up an online Bitcoin Casino?

johhnyUA

legendary

Activity: 2436

Merit: 1849

Crypto for the Crypto Throne!

Quote from: pixie85 on April 21, 2020, 02:18:30 PM

Getting a license is really easy. You can get a license from a country that supports gambling and running an online casino makes it very convinient for you to apply wherever you want because there's no rule that your server must be located in the country that provides the license.

Many online casinos get registered in Curacao, Malta, Cyprus.

Casinos that aren't licensed are not worse than those with a license. Licenses cost you money so you need a decent turnover to be able to afford it. Many operators don't apply especuially when the business is in aa early stage.

Lol, wtf you're telling to others. Without license your domen name can be blocked anytime (because of that many bitcoin casinos have black list of countries, like USA, because if they will accept people from USA without license, they will be seized) if any customer will complain to goverment. The best way is to buy offshore license (like Baham island or Cyprus) because this countries have agreement with UK and EU about gambling policy.

You can start your business without license, but be ready to stay in darkness forever.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: panganib999 on April 21, 2020, 04:47:37 AM

I think it is still in need for you to get a license before opening ot operating a Bitcoin gambling site or online gambling site because having a license to operate gives legitimacy to your site and it will help you to encourage people to dive into your site because they are comfortable and will entrust your site for the reason that you have license so the intention for running an online Bitcoin casino seems to legible and safe. People for sure are looking for trusted site and that will lead them for a search on a Bitcoin casino that have license for security and assurance that their funds will be safe at your site. Better secure first a license before running the site just for legal purposes. Better do also consult a legal expert for laws regarding that and search into which countries your players are target because some countries prohibit existence of online casinos.

Any reason why you are necro-bumping a six year old thread?

It is quite clear that you don't need a license to open a Bitcoin only casino in most places, otherwise there wouldn't be literally hundreds of unlicensed bitcoin casinos on operation.

Nothing more to say about it, stop necrobumping threads!

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: romero121 on April 21, 2020, 11:25:52 AM

It is a must to have the online casino registered. The registration process varies based on the country. Registration and holding of license makes it more trusted platform for gambling than the unregistered casinos. As of now we haven't got a perfect authority that provides licensing for online casinos. Different casino hold different license, maybe someday this will also go under complete regulation.

No it is not a must.

One of the biggest casinos around have no licenses at all. Freebitco.in for example have no licenses yet they attract thousands of players every day.

As long as you don't deal FIAT a license isn't necessary. It would be a plus but definitely not a must.

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Well, in gambling business I don't have much idea about the license for online casinos. It is still gambling. Some countries may not need to have a license for a bitcoin casino but if you want to be safe better to apply for a license. Though online casinos use virtual currencies still it may still be converted into cash that makes it a form of gambling. To avoid the problem in the future it is good if acquire a license to our gambling business and also the legitimacy of the your company.

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

Quote from: bitcoin31 on April 24, 2020, 05:01:00 AM

License is always important why players will trust to your gambling sites if you do not pay taxes or getting license.
Having license to the gambling sites can atract players because once you have that you look more legit but they have gambling sited that don't have any license but it depends also where is your country if it's mandatory to have license better you should get to not cause a problem.

well, a license is really needed because the existence of the license can convince gamblers that the website has a good reputation and can be trusted, but you should know that there are currently gambling places that don't think about it but still run their business as an online gambling place.

bitcoin31

hero member

Activity: 1834

Merit: 523

License is always important why players will trust to your gambling sites if you do not pay taxes or getting license.
Having license to the gambling sites can atract players because once you have that you look more legit but they have gambling sited that don't have any license but it depends also where is your country if it's mandatory to have license better you should get to not cause a problem.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: pixie85 on April 21, 2020, 02:18:30 PM

Getting a license is really easy. You can get a license from a country that supports gambling and running an online casino makes it very convinient for you to apply wherever you want because there's no rule that your server must be located in the country that provides the license.

Many online casinos get registered in Curacao, Malta, Cyprus.

Casinos that aren't licensed are not worse than those with a license. Licenses cost you money so you need a decent turnover to be able to afford it. Many operators don't apply especuially when the business is in aa early stage.

This is actually true, most gambling websites will not acquire license at the very early stage of their operations. They can apply for license, either from Curacao, Malta, Cyprus and to add Estonia for inexpensive and fast processing of gambling license. But I'm curious if the OP finally got his own casino. He was last active last Oct 2017, did he launch his bitcoin casino in the forum without us knowing that he is behind such casino?

pixie85

hero member

Activity: 2184

Merit: 531

Getting a license is really easy. You can get a license from a country that supports gambling and running an online casino makes it very convinient for you to apply wherever you want because there's no rule that your server must be located in the country that provides the license.

Many online casinos get registered in Curacao, Malta, Cyprus.

Casinos that aren't licensed are not worse than those with a license. Licenses cost you money so you need a decent turnover to be able to afford it. Many operators don't apply especuially when the business is in aa early stage.

coinfinger

sr. member

Activity: 1638

Merit: 278

Need and should are different things. If you want to start a casino you do not need anything, you just need one website and you have a casino, simple as that.

However if you want to own a proper one that people could have fun with, you should register somewhere, it is not even that much of a trouble because you can register in some shady country with shady laws and keep paying them to make you look legit whereas you are basically not even properly registered anywhere and nothing will happen to you.

All of those coracao or whatever licenses worth literally zero to me for example, even the best places that have it, means zero to me, if I do not trust a place I will not start because of that shady license, either I trust them directly or I do not trust them, license worths nada.

LbtalkL

full member

Activity: 1176

Merit: 162

Quote from: imstillthebest on April 21, 2020, 10:08:06 AM

creating a fake license ? hows that possible . i mean people can click on it and search it . by that they can find out if the license is legit or not and i think its obvious if the site is fake because of thier designs , banners , fonts , etc . people do also play on a new site that dont have license yet and i think some old sites still dont have license to but there are also gamblers that plays on them . not all gamblers are going to check license first but they check other factors instead and decide if they will play on it or not but still having a license is a plus point for gambling owners

Some fake website has flawless designs , banners , fonts , etc. But you are right the majority does not look good. Creating a fake license is very possible, I encountered a scam projects before and they have created a fake license but it is not gambling-related, some people will just look at the piece of document and will not bother to verify It, so we need to be careful and take time to read some reviews. I guess those gambling sites without a license has gained trust after existing for a long time with good service. But I am still confused, is license on online gambling really required?

bitcoin-shark

hero member

Activity: 2968

Merit: 605

I believe that it depends a lot on where you have the registered office of the company that will manage the casino I believe in America and Europe a license is needed and also guarantees that the games are fair and have economic coverage, other countries (Panama?) are more permissive and perhaps none of this is needed, in other countries games of chance with crypto payments are still prohibited

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

It is a must to have the online casino registered. The registration process varies based on the country. Registration and holding of license makes it more trusted platform for gambling than the unregistered casinos. As of now we haven't got a perfect authority that provides licensing for online casinos. Different casino hold different license, maybe someday this will also go under complete regulation.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Kong Hey Pakboy on April 21, 2020, 09:51:17 AM

Quote from: panganib999 on April 21, 2020, 04:47:37 AM

I think it is still in need for you to get a license before opening ot operating a Bitcoin gambling site or online gambling site because having a license to operate gives legitimacy to your site and it will help you to encourage people to dive into your site because they are comfortable and will entrust your site for the reason that you have license so the intention for running an online Bitcoin casino seems to legible and safe. People for sure are looking for trusted site and that will lead them for a search on a Bitcoin casino that have license for security and assurance that their funds will be safe at your site. Better secure first a license before running the site just for legal purposes. Better do also consult a legal expert for laws regarding that and search into which countries your players are target because some countries prohibit existence of online casinos.

Indeed. Getting a license is the first thing that you need before operatinf an online bitcoin casino, so that gamblers and crypto users will know if a your gambling site is legitimate and safe. No one would like to play in a gambling site if they don't have any license or they just create a fake license just to scam other people.

creating a fake license ? hows that possible . i mean people can click on it and search it . by that they can find out if the license is legit or not and i think its obvious if the site is fake because of thier designs , banners , fonts , etc . people do also play on a new site that dont have license yet and i think some old sites still dont have license to but there are also gamblers that plays on them . not all gamblers are going to check license first but they check other factors instead and decide if they will play on it or not but still having a license is a plus point for gambling owners

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: panganib999 on April 21, 2020, 04:47:37 AM

I think it is still in need for you to get a license before opening ot operating a Bitcoin gambling site or online gambling site because having a license to operate gives legitimacy to your site and it will help you to encourage people to dive into your site because they are comfortable and will entrust your site for the reason that you have license so the intention for running an online Bitcoin casino seems to legible and safe. People for sure are looking for trusted site and that will lead them for a search on a Bitcoin casino that have license for security and assurance that their funds will be safe at your site. Better secure first a license before running the site just for legal purposes. Better do also consult a legal expert for laws regarding that and search into which countries your players are target because some countries prohibit existence of online casinos.

Indeed. Getting a license is the first thing that you need before operatinf an online bitcoin casino, so that gamblers and crypto users will know if a your gambling site is legitimate and safe. No one would like to play in a gambling site if they don't have any license or they just create a fake license just to scam other people.

panganib999

hero member

Activity: 1750

Merit: 589

I think it is still in need for you to get a license before opening ot operating a Bitcoin gambling site or online gambling site because having a license to operate gives legitimacy to your site and it will help you to encourage people to dive into your site because they are comfortable and will entrust your site for the reason that you have license so the intention for running an online Bitcoin casino seems to legible and safe. People for sure are looking for trusted site and that will lead them for a search on a Bitcoin casino that have license for security and assurance that their funds will be safe at your site. Better secure first a license before running the site just for legal purposes. Better do also consult a legal expert for laws regarding that and search into which countries your players are target because some countries prohibit existence of online casinos.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: pibou on November 15, 2019, 12:53:23 PM

By the way, does someone know the costs range for a gambling licence issued by Panama? (specifically designed for crypto casinos)
My casino website is in development, hosted in Panama servers.

Also, does someone know what is Panama's policy regarding to cryptocurrencies gambling?

I think yes because an online casino is required to apply for a gambling license so they allow them to process payments. But I dont know if its the same when opening an online Bitcoin Casino because fiat money is used for betting in a online casino I dont know if they allow to used crypto. But I think there are almost the same but not the way of payment.

pibou

member

Activity: 167

Merit: 10

HODL

By the way, does someone know the costs range for a gambling licence issued by Panama? (specifically designed for crypto casinos)
My casino website is in development, hosted in Panama servers.

Also, does someone know what is Panama's policy regarding to cryptocurrencies gambling?

Maotezi

member

Activity: 252

Merit: 40

if you want to open an online casino and your country requires a license, and you want everything legal, you have to have it. If you think it is not profitable for you then do not open it, but by the way, if you feel it is better to change the country and open it, so do it.

uray

hero member

Activity: 1400

Merit: 505

Quote from: aioc on October 11, 2019, 07:50:07 AM

Quote from: tibdraw on January 07, 2014, 04:14:03 PM

~snip

It's good to have a proof that you are a legit casino gambling site, so even if you encounter such issue you can present your papers to prove them that you are a legit company, it's better to have than do not have one at all, and try to get your license from a country where your project is located.

If you are not aware that the topic is created in 2014 and you are responding after 5 years Roll Eyes

.

The mods should lock this topic to avoid further response for a topic that is created a long time back.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: tibdraw on January 07, 2014, 04:14:03 PM

Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete

It's good to have a proof that you are a legit casino gambling site, so even if you encounter such issue you can present your papers to prove them that you are a legit company, it's better to have than do not have one at all, and try to get your license from a country where your project is located.

Topic: Do you need licence to open up an online Bitcoin Casino? (Read 2875 times)