Illegal gambling in Asian football increased partly because of crypto? - page 2.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: btc_angela on February 19, 2020, 04:48:36 AM

Yes, it could be that some bad actors are taking advantage of crypto and used it as a tool for illegal gambling. But it doesn't mean that crypto per se is bad.

I wouldn't list the positive benefits of it, but as crypto enthusiast, we already know it. Sooner or later though, this criminals will be caught by authorities. And btw, fiat system has been abused and used by illegal criminals or bookies as well.

I tend to disagree into the point that sooner or later they would be caught.Using up crypto is the best recipe on doing illegal acts due to anonymity which is really hardly to be traced.

These kind of news arent already surprising if were to say yet weve been slapped for a thousand times on negative news that do only emphasize cryptos negative usage.

Why they cant post up illegal thing while using fiat? Huh

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Convenience for use in illegal activities is a fundamental property of cryptocurrency (because in the crypto there is no division into legality and illegality). Therefore, in such news there is nothing surprising. The bad news is that under this pretext, governments can begin to destroy the cryptocurrency industry. Tight regulation I also call destruction, as this contradicts the basic crypto principles.

btc_angela

hero member

Activity: 2660

Merit: 551

Yes, it could be that some bad actors are taking advantage of crypto and used it as a tool for illegal gambling. But it doesn't mean that crypto per se is bad.

I wouldn't list the positive benefits of it, but as crypto enthusiast, we already know it. Sooner or later though, this criminals will be caught by authorities. And btw, fiat system has been abused and used by illegal criminals or bookies as well.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

I am not sure about that, but yes, cryptocurrency helps people to play gambling without their government knows their activity in the gambling games. People can hide their identity, and that can increase the number of people playing gambling. But I don't think that people only use crypto for playing gambling because many people use crypto for good things. Sometimes they only say or expose something bad that is happening around them, but they don't say the good thing that already happens in society. So people will think that crypto is only for illegal things, but crypto is more than that.

mersal

member

Activity: 1204

Merit: 38

Quote from: rosezionjohn on February 14, 2020, 09:56:36 AM

That's according to this news report https://uk.reuters.com/article/uk-soccer-asia-corruption/soccer-asia-sees-sharp-decline-in-match-fixing-says-afc-idUKKBN2080EN

After linking bitcoin and other crypto with money laundering and online crimes, here comes another issue Cheesy

Quote

...traditional payments from financial institutions and wire transfers have switched to methods like cryptocurrencies or even payment in kind.

We have observed an increase in adoption of cryptocurrency as a payment method for illegal activities and a medium to bet.

It doesn't sound good that crypto is being used by illegal gamblers but it is just a medium of exchange that any individual can spend like fiats. I guess they found crypto, being borderless and censorship resistant currency, more practical to use for gambling.

And also there is another accusation that gambling sites were used to mix stolen bitcoins and launder it into safe money when they move to their wallet but at the end if they are using a service to bet they will get caught at some point just like what happen with banking transactions.And if someone using cryptos they can never erase the trace of their transaction this could be seen as an advantage to identify who is abusing the payment.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Yep, crypto, especially Bitcoin, is neutral money, and you can do good things or bad things with it. It's up to the users what they will do with their money. It's not someone else's business.

However, for the so-called "privacy coin," that's entirely different because it has a built-in tumbler to anonymize its transactions; in other words, it's no longer neutral. This situation is terrible because governments now have reasons to crack down the crypto industry.

Anyway, CMIIW, they could still play sports betting legally on licensed sites, such as bet365. https://onlinebettingcodes.co.uk/bet365-legal-countries/

I hope they will accept Bitcoin payment directly (without Neteller).

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

Quote from: Ailmand on February 19, 2020, 01:52:03 AM

Cryptocurrency had become a safe haven for illegal activities. It is not actually shocking that illegal gambling will use crypto in their activities since it offers anonymity. It is just sad that Satoshi dis not intend for crypto to be used to that extent.

It is not the cryptocurrency that is the safe haven of illegal activities, it is the gamling sites that uses cryptocurrency in a negative way that makes its reputation go the other way around instead of gaining positive trust from the people.

In terms of running a gambling games, gambling industry should have their own standards that will check, whether a particular gambling site is adhering the their protocols to ensure that transactions and games are legal, and will not induce people to tolerate the use of it without adhering to the rules.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

This calls for a legalization of crypto then, if the government won't act on legalizing crypto, it will continue to be use for activities like gambling.
With that nice, I think it's a positive news for the crypto market because more and more people are using crypto to gamble, and me personally being a gambler I am more comfortable using crypto than a wire transfer where my information is being shown to the interested party.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

It's probably thesame way sites or online things that are banned in other countries are accessible in other countries.
I guess the best way to handle this problem is to ask the sites to censor or block people from the countries where those things are illegal. But what if they use VPN? Harder censorship? Too much of such censorship not a good idea in my opinion. It could be abused eventually.

I the problem could be handled better on Blockchain/decentralized systems. Too dangerous on centralized systems or societies.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

Cryptocurrency had become a safe haven for illegal activities. It is not actually shocking that illegal gambling will use crypto in their activities since it offers anonymity. It is just sad that Satoshi dis not intend for crypto to be used to that extent.

Bttzed03

legendary

Activity: 2114

Merit: 1150

https://bitcoincleanup.com/

They say partly now because the numbers aren't concerning for them yet but when these organized illegal gambling groups are able to gain numbers again, they will probably blame it all on cryptocurrencies.

Quote from: shoreno on February 19, 2020, 12:46:37 AM

~
its too obvious that those people only want to damage the reputation of cryptocurrencies

You mean the illegal gamblers? Nah, they wouldn't really care if the reputation of crypto is damaged or not because of their involvement. All they want is the money they can get.

Mumbeeptind1963

hero member

Activity: 1190

Merit: 568

Sovryn - Brings DeFi to Bitcoin

Quote from: shoreno on February 19, 2020, 12:46:37 AM

its because gambling in asia is already popular and it became more popular because of the release of crypto . football games or sports game is also becoming popular and many illegal sites pop up lately . ilegal because these sites dont have licenses or permit to operate . after the release of crypto , many people then relate it to crimes and bad doings . its too obvious that those people only want to damage the reputation of cryptocurrencies but for the avid users of crypto we know the real truth .

That's true, gambling become more popular when crypto become part of it but it doesn't mean it is the reason why illegal gambling increase. It is still depend to the users because they used crypto to do illegal transaction or gambling. The users of crypto should be the one who blame because crypto is just a tool but the user still do bad thing by using o crypto.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: shoreno on February 19, 2020, 12:46:37 AM

its because gambling in asia is already popular and it became more popular because of the release of crypto . football games or sports game is also becoming popular and many illegal sites pop up lately . ilegal because these sites dont have licenses or permit to operate . after the release of crypto , many people then relate it to crimes and bad doings . its too obvious that those people only want to damage the reputation of cryptocurrencies but for the avid users of crypto we know the real truth .

just like other illegal Bookies worldwide,these people are always looking for place to earn easy way and that is why those latest Gambling that can be uses by Crypto is the best place they know.
and expect more of this kind when other games come in future.

Quote from: Pmalek on February 15, 2020, 03:40:25 AM

Lets not kid ourselves here. Illegal gambling has been around far longer than Bitcoin. Bitcoin is just one small part of a problem that has far more deeper roots than that. it's not like match fixing was invented following the release of the Bitcoin Whitepaper.
But Bitcoin has already gotten used to being a scapegoat so that is nothing new.

exactly but the thing here is even what kind of gambling are we talking still they can copy the games to have illegal counterpart and in this they are experts.

shoreno

full member

Activity: 1750

Merit: 118

its because gambling in asia is already popular and it became more popular because of the release of crypto . football games or sports game is also becoming popular and many illegal sites pop up lately . ilegal because these sites dont have licenses or permit to operate . after the release of crypto , many people then relate it to crimes and bad doings . its too obvious that those people only want to damage the reputation of cryptocurrencies but for the avid users of crypto we know the real truth .

Pmalek

legendary

Activity: 2730

Merit: 7065

Lets not kid ourselves here. Illegal gambling has been around far longer than Bitcoin. Bitcoin is just one small part of a problem that has far more deeper roots than that. it's not like match fixing was invented following the release of the Bitcoin Whitepaper.
But Bitcoin has already gotten used to being a scapegoat so that is nothing new.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

What a surprise! Honestly, the crypto community has gotten used to this sort of news on a regular basis op. Negative propaganda against crypto is not a new thing since majority of the news regarding cryptocurrencies is negative propaganda.

We have learnt to dismiss this sort of news over time since we believe the positive aspects of cryptocurrencies outweigh its disadvantages. This is the primary reason why Bitcoin and other major cryptocurrencies have survived for so long and will continue surviving for a long period of time.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Crypto being used in illegal activities is not really highlighted in the article. It just mentioned once which is obvious that crypto-gambling is not that strict and govern by any regulations.

The article didn't really mean that crypto is most used in illegal activities, there is no statement for that. It just that it was seen contributing to the advantages of those people who want to do illegal gambling since they playing anonymously here.

Don't take this issue as a big deal. The point here of the article is, game-fixing activities minimizes this past year which is a good sign of a healthy sports.

tyKiwanuka

legendary

Activity: 1722

Merit: 1671

#birdgang

Quote from: bearexin on February 14, 2020, 02:34:13 PM

Quote from: tyKiwanuka on February 14, 2020, 10:08:00 AM

People will always misuse good meant inventions for bad things. It's something we have to accept as part of the game of life in general.

Not really, if countries can restrict access to such websites maybe that will reduce the gambling to at least some number but I know most of the people who are into gambling and crypto will already know about VPNs and other stuff so it's almost impossible to stop such things like you rightly mentioned, part of the life.

That last paragraph was more headed towards the fact, that you can't stop selling knives for example, just because people misuse them for murdering other people. There is a lot of things that are misused for bad purposes and not for the usecase it was intended to. Even cars are used as weapons nowadays sadly. This is also the point Kim Dotcom used to defend Megaupload and I think he is right in arguing like that. He just provided a platform, where users could easily exchange big amounts of data, that couldn't be sent via email for example. People then misused his platform to share all kind of copyright stuff like music, videos, whatever. I don't think he was sad about it, because it brought him shitloads of money, but it (probably Grin

) wasn't his intention.

So just because crypto is used for illegal gambling activities, doesn't make crypto a bad thing per se. Restricting access to certain websites is never a good thing imo, you are just opening Pandoras box with it, because where is the boundary ?!

bearexin

full member

Activity: 1162

Merit: 168

Quote from: tyKiwanuka on February 14, 2020, 10:08:00 AM

Crypto is of course being used for a lot of criminal activities and illegal gambling and match fixing is one of them due to the reasons you mentioned. Kidnappers, Hackers etc. often ask for Bitcoin as ransom. But fiat has been used for that as well in the past. And knives have been used for not only cutting your bread, but also to murder people.

That's true with every advantage will come a dis-advantage because bitcoins being controlled by people means that it's people who decide which purpose bitcoins will be used for.

Quote from: tyKiwanuka on February 14, 2020, 10:08:00 AM

People will always misuse good meant inventions for bad things. It's something we have to accept as part of the game of life in general.

Not really, if countries can restrict access to such websites maybe that will reduce the gambling to at least some number but I know most of the people who are into gambling and crypto will already know about VPNs and other stuff so it's almost impossible to stop such things like you rightly mentioned, part of the life.

DoublerHunter

hero member

Activity: 2590

Merit: 644

That is a very common thing since Bitcoin is anonymous, that is the reason why we could not blame every law that had been implemented of each country has. Governments are always chasing on those gambling companies that not registered and licensed to operate. This is the fact that Bitcoin might be used in such illegal activities. In this case, not only gambling is prone to illegal activities or even money laundering. Bitcoin mixers services or also known as tumblers are prone to criminal activities. This is what crypto works, as a users, we have our own responsibilities to use into the good stuff.

Topic: Illegal gambling in Asian football increased partly because of crypto? - page 2. (Read 477 times)