Do you need licence to open up an online Bitcoin Casino? - page 2.

games99

newbie

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Quote from: casinofootball on April 05, 2018, 10:25:20 AM

Hi there

Brilliant, this was just what I was looking for.

Thank you for sharing the resources, I have already utilised the information and am moving forward with my project nicely.

Thanks again,
-----------------

In terms of attaining a license for a Casino, that offers Bitcoin as a payment process, I recommend taking a look at Softswiss, who have already helped quite a few white label casino providers in setting up the software and licensing. More details can be viewed below:

https://www.softswiss.com/knowledge-base/bitcoin-casino-software/

I would also take a look at the following resources, as they have helped me considerably in preparing to set up a new casino brand:

http://www.igbaffiliate.com/articles/white-label-casino

More detailed - licensing Data can be reviewed below:

Antillephone, Authorized and Regulated by the Government of Curacao.

Websites / domains can be checked with this particular regulator with the following

https://validator.antillephone.com/validate?domain=www.betchain.com

Betchain is just one example for a live reference

Hope this helps

Pab

legendary

Activity: 1862

Merit: 1012

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
wi

Gambling license is not so easy to obtain.Curacao license cost about 36k$.but you will need to spend some money on lawyers etc

There is only few countries what are blocking unlicensed gambling sitesi
If you want to run crypto casino much better idea is to stay without license
All is about customers trust not license

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: Dontme on April 06, 2018, 07:54:48 AM

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

I have no ideas in this since I have not yet tried even play in gambling sites. But as far as I know from others it never needs licensed since bitcoin is also has no license because if there will be then I know there will be great tax of that, so it's maybe no.

It depends on which country you are in right now. Because already bitcoins are banned in many countries and gambling isn’t considered well in our society. So if you are trying to open a bitcoin gambling casino in a country where these both things are banned, then no license is required but you must be ready to eat food of jail anytime. So best is to go away from this harmful game.

avikz

legendary

Activity: 3080

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Quote from: eternalgloom on April 06, 2018, 06:44:22 AM

Quote from: Reid on December 03, 2017, 03:36:48 AM

Why wouldnt you want to be licensed? Are you going to scam people?

Aint it going to be better if the players know they are safer at your side? Heck that is going to pull more investors rather than them having doubts and fear whenever they play at your casino.
Check your country rules.

Running a casino with a license isn't always a guarantee that the casino isn't going to scam people.
There are also enough examples of Bitcoin casino's that are operating without a license without scamming people.

Stuff like this should really be reviewed by an actual lawyer.

It's true that licensing doesn't always guarantee that the casino is not going ti scam people, but again licensing is a factor that many gamblers and players consider before they actually invest their money to try their luck. That's true ont only for casino business but for majority of the businesses as well. It works as a feel food quotient for that particular company.

Also when a proper licensing is obtained using real details of the owner, it marks the good intention ofbthe business as a whole.

vintages

full member

Activity: 966

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Quote from: eternalgloom on April 06, 2018, 06:44:22 AM

Running a casino with a license isn't always a guarantee that the casino isn't going to scam people.
There are also enough examples of Bitcoin casino's that are operating without a license without scamming people.

Stuff like this should really be reviewed by an actual lawyer.

That's right, running a casino license isn't a guarantee of good casino because most people can go to the extreme of scamming people and setting up a casino with fake license. But yet, we still need to differentiate a good casino from the bad. If only all casino owners can use their TRUE identity to open the casino so that they don't get to run with people's money.

Dontme

sr. member

Activity: 798

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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

I have no ideas in this since I have not yet tried even play in gambling sites. But as far as I know from others it never needs licensed since bitcoin is also has no license because if there will be then I know there will be great tax of that, so it's maybe no.

eternalgloom

legendary

Activity: 1792

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Quote from: Reid on December 03, 2017, 03:36:48 AM

Why wouldnt you want to be licensed? Are you going to scam people?

Aint it going to be better if the players know they are safer at your side? Heck that is going to pull more investors rather than them having doubts and fear whenever they play at your casino.
Check your country rules.

Running a casino with a license isn't always a guarantee that the casino isn't going to scam people.
There are also enough examples of Bitcoin casino's that are operating without a license without scamming people.

Stuff like this should really be reviewed by an actual lawyer.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: An0nyMoose on January 02, 2018, 06:34:38 PM

Yes, I would imagine that you do need a license. I am not a lawyer or anything but in my wildest dreams it doesn't make sense that you'd be legally allowed to open one without one.

Now, you could obviously open one without a license, but that is just asking for trouble with the law and if you are investing millions or even hundreds of thousands, getting a lawyer to handle this for you is both a trivial, and necessary matter.

I agree on you.I think if you want to make your bitcoin casino be legal,then it must abide with the proper law.Because anything that generates income like the businesses of today have gone and pass through legally.And with that,it would be easier for you to invite and attract customers to play in your online bitcoin casino without much hussles to do.

casinofootball

newbie

Activity: 1

Merit: 0

Hi there

In terms of attaining a license for a Casino, that offers Bitcoin as a payment process, I recommend taking a look at Softswiss, who have already helped quite a few white label casino providers in setting up the software and licensing. More details can be viewed below:

https://www.softswiss.com/knowledge-base/bitcoin-casino-software/

I would also take a look at the following resources, as they have helped me considerably in preparing to set up a new casino brand:

http://www.igbaffiliate.com/articles/white-label-casino

More detailed - licensing Data can be reviewed below:

Antillephone, Authorized and Regulated by the Government of Curacao.

Websites / domains can be checked with this particular regulator with the following

https://validator.antillephone.com/validate?domain=www.betchain.com

Betchain is just one example for a live reference

Hope this helps

An0nyMoose

sr. member

Activity: 490

Merit: 255

Yes, I would imagine that you do need a license. I am not a lawyer or anything but in my wildest dreams it doesn't make sense that you'd be legally allowed to open one without one.

Now, you could obviously open one without a license, but that is just asking for trouble with the law and if you are investing millions or even hundreds of thousands, getting a lawyer to handle this for you is both a trivial, and necessary matter.

MiningSensei

hero member

Activity: 766

Merit: 509

It depends, there are some online casinos who are hosted on countries that do not care about it after all. Like Panama, Guyanas, and so on.

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

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?

It clearly depends on the fiat, if you are going to use a casino who allows people to deposit money from a wire transfer, then you will OBVIOUSLY... need a license from your country.

Quote

It depends on where you want to host the website and it kinda doesnt matter if it's bitcoin gambling or fiat money you need a licence in either cases.

But 6 of 10 online casinos do not have a license right now, because they can be created even by a 14 year's old guy.

Dhaaaw

full member

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It depends on where you want to host the website and it kinda doesnt matter if it's bitcoin gambling or fiat money you need a licence in either cases. Some countries, have easier procedures just like Malta.

Reid

hero member

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Why wouldnt you want to be licensed? Are you going to scam people?

Aint it going to be better if the players know they are safer at your side? Heck that is going to pull more investors rather than them having doubts and fear whenever they play at your casino.
Check your country rules.

nidacoinlove

sr. member

Activity: 588

Merit: 254

Quote from: rodel caling on December 02, 2017, 10:41:33 PM

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

yes correct need to get an licence to operate for online gambling especially casino, casino online is an international online games every country have an regulation how to become legit the online gambling.

Not all the countries will allow you to go for online casino business. There are some countries that favour online casino but there you have to pay a very high amount of your earning to the government in form of taxes. It will be better to operate your online casino from a country where there are still no tax on the virtual or software operations. Google it for more information and you will find some of those countries.

rodel caling

full member

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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

yes correct need to get an licence to operate for online gambling especially casino, casino online is an international online games every country have an regulation how to become legit the online gambling.

cryptoalfs76

full member

Activity: 406

Merit: 100

▰▰▰ MODULE ▰▰

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

Yes, in other countries you can license up your online bitcoin casino if you want a legal process but you must accept the consequences that you must need a business permit or other papers documents that to legalized your operation. in this situation also your profit will be cut and controllable and your income will not be transparent in the government, like happen in our country they criticize all digital currency to pay a big taxes if you want it to become a legal.

BitMaxz

legendary

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Playbet.io - Crypto Casino and Sportsbook

Quote from: JL421 on November 03, 2017, 03:01:54 PM

If you want everything to be legitmate then ya you should register it the problem with having a license is you will need to cut your profits short or increase the house edge. Being legal has many issues involved if you don't want any of those you can still work without a license

It takes a longer time before you can start your gambling casino if you get license for your casino it needs a lot of documents business permit or any document needed before you can start your gambling casino..
Since we are in bitcoin we have a freedom to not adding license in bitcoin casino since there are lots of casino online don't had license..
So i see some programmers are selling their bitcoin casino script so you can start your own gambling site here . promote it with budget to get impression and your gambling could be trusted if you escrow your campaign budget to promote it .

JL421

hero member

Activity: 812

Merit: 510

If you want everything to be legitmate then ya you should register it the problem with having a license is you will need to cut your profits short or increase the house edge. Being legal has many issues involved if you don't want any of those you can still work without a license

piloder

legendary

Activity: 966

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There are hundreds of bitcoin casino which are running without any legal license or any regulatory requirements. If they are only accepting bitcoin as payment method than there is no need to have gambling license but if you like to incorporate game from third party gambling platforms like softswiss they might ask for license.

To run simple dice, blackjack, roulette using available scripts and some custom games (if you have dev to make one) than you can start your casino very next day.

zergenyt09

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Quote from: nydiacaskey01 on October 29, 2017, 07:57:03 AM

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

There are countries who prohibits online gambling, some don't even issue license or permits and if you are caught operating an online gambling site without a valid permit, that will result to jail time, you might even get deported if you are a foreigner. Even if your role is just a support like outsourced support team to answer those tickets opened by clients.

In my country there is no casino because the government does not allow to open a casino therefore I don’t know anything about opening a casino, but as I have heard that in Europe and USA or any other country casino is legal and the owners run their casinos openly.

I think that they have the license to op run a casino. The same I am sure will be in case of online casino. There will be a license to open a casino.

Topic: Do you need licence to open up an online Bitcoin Casino? - page 2. (Read 2875 times)