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Topic: Gambling related law in India - page 3. (Read 490 times)

hero member
Activity: 1218
Merit: 557
July 24, 2018, 02:44:20 AM
#4
Trend of online gambling with crypto in India is on continuous rise. What is your opinion about this ?

There are already many people in India using bitcoin for online gambling.

Playing with Rupee's on sites like bet365 happens, but that is up and down because the payment processors have to use Indian banks.

With bitcoin being so popular, the amount of bitcoin gambling sites available is only going to increase.

It is banned in the country and people who are using it are against the law of the country. Cyber cell will identified it and then unnecessary they would have not earned from the gambling that much they would have to pay penalty and may even be sentenced to jail.
copper member
Activity: 532
Merit: 26
July 23, 2018, 11:34:52 PM
#3
Trend of online gambling with crypto in India is on continuous rise. What is your opinion about this ?

There are already many people in India using bitcoin for online gambling.

Playing with Rupee's on sites like bet365 happens, but that is up and down because the payment processors have to use Indian banks.

With bitcoin being so popular, the amount of bitcoin gambling sites available is only going to increase.
hero member
Activity: 3038
Merit: 634
July 23, 2018, 07:58:19 PM
#2
That's much better instead of prohibiting it. If they can see some good market to gambling on their country then that's better to start regulating the industry.  It can also be one of the best industries that can contribute to their economy.

India has a large population and if there's a big portion of their citizen into crypto and gambling this will be a big trend.

The rumor about India banning crypto's will remain as a rumor now.
full member
Activity: 1372
Merit: 106
Available for rent
July 22, 2018, 12:44:07 PM
#1
As per a recent article online:

https://medium.com/@cryptokanoon/law-commission-of-india-treats-crypto-currency-at-par-with-other-recognized-electronic-means-of-4ec662183b7e

Trend of online gambling with crypto in India is on continuous rise. What is your opinion about this ?
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