After Primedice taking this smart decision i can see all the players taking this step too. Its always safe to remain AWAY from the US law when it comes to BTC based companies.
- Mayer Amschel
Topic: FastBets stops accepting deposits from US players - page 2. (Read 1665 times)
I'm guessing this is precautionary..
I hope this trend doesn't continue into the sportsbooks
I hope this trend doesn't continue into the sportsbooks
I guess more and more btc gambling sites are going to take these "precautions" now, don't know if it's really necessary or not but due to this we might see an increase in VPN sales, because that's the only option US players have if a lot of sites do this.
Well it is necessary since they have to do that in order to be covered legally..
I'm guessing this is precautionary..
I hope this trend doesn't continue into the sportsbooks
I hope this trend doesn't continue into the sportsbooks
I guess more and more btc gambling sites are going to take these "precautions" now, don't know if it's really necessary or not but due to this we might see an increase in VPN sales, because that's the only option US players have if a lot of sites do this.
Safety is a major ya , primedice had announced that they no longer accepted U.S player before and now fastbets. who's next?
is bitcoin freedom no longer exist?
is bitcoin freedom no longer exist?
It's very sad to do this but I do not see another solution at this point. I'm guessing bitcoin freedom does exists, it's just that it does not exist everywhere...
i thought like that , i know its maybe hard decision for every company to blocked access to most valuable customer like U.S player . but maybe it is still possibe playing using vpn for U.S player?
I'm guessing this is precautionary..
I hope this trend doesn't continue into the sportsbooks
I hope this trend doesn't continue into the sportsbooks
This is in fact only precautionary. We have based this decision on publicly available information. The main reason is that I cannot see a future where the Micon incident remains an isolated case.
Was it due to a notice, or was it just a precautionary measure to take such a step ? I just hope not to see a lot of other sites follow the same footstep. Taking precautionary measures unless there is any problem , does not seem much necessary .
Well, I wouldn't say that what is happening to Bryan Micon is not a problem...
Safety is a major ya , primedice had announced that they no longer accepted U.S player before and now fastbets. who's next?
is bitcoin freedom no longer exist?
is bitcoin freedom no longer exist?
It's very sad to do this but I do not see another solution at this point. I'm guessing bitcoin freedom does exists, it's just that it does not exist everywhere...
I'm guessing this is precautionary..
I hope this trend doesn't continue into the sportsbooks
I hope this trend doesn't continue into the sportsbooks
Was it due to a notice, or was it just a precautionary measure to take such a step ? I just hope not to see a lot of other sites follow the same footstep. Taking precautionary measures unless there is any problem , does not seem much necessary .
Effective immediately FastBets will not be able to accepts deposits from players located in the United States and a number of other jurisdictions. We are neither operated nor based in in the US, however we try to comply with local regulation as good as we can, hence our legal council has suggested to move out of a number jurisdictions.
We're not happy to do this at all. However as a startup we cannot afford to purchase licenses that cost upwards of $1M per year in order to operate in the US (in addition we'd feel terrible if we’d have to structure FastBets in a way that forces players to loose huge amounts of money in order to pay for these licenses). As no one on the team has expressed the wish to spend extended periods of time in jail, we decided to play it safe this time.
We're not happy to do this at all. However as a startup we cannot afford to purchase licenses that cost upwards of $1M per year in order to operate in the US (in addition we'd feel terrible if we’d have to structure FastBets in a way that forces players to loose huge amounts of money in order to pay for these licenses). As no one on the team has expressed the wish to spend extended periods of time in jail, we decided to play it safe this time.
Safety is a major ya , primedice had announced that they no longer accepted U.S player before and now fastbets. who's next?
is bitcoin freedom no longer exist?
Effective immediately FastBets will not be able to accepts deposits from players located in the United States and a number of other jurisdictions. We are neither operated nor based in in the US, however we try to comply with local regulation as good as we can, hence our legal council has suggested to move out of a number jurisdictions.
We're not happy to do this at all. However as a startup we cannot afford to purchase licenses that cost upwards of $1M per year in order to operate in the US (in addition we'd feel terrible if we’d have to structure FastBets in a way that forces players to loose huge amounts of money in order to pay for these licenses). As no one on the team has expressed the wish to spend extended periods of time in jail, we decided to play it safe this time.
We're not happy to do this at all. However as a startup we cannot afford to purchase licenses that cost upwards of $1M per year in order to operate in the US (in addition we'd feel terrible if we’d have to structure FastBets in a way that forces players to loose huge amounts of money in order to pay for these licenses). As no one on the team has expressed the wish to spend extended periods of time in jail, we decided to play it safe this time.
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