Topic: Is bitcoin gambling really accepted in China ? - page 5. (Read 15986 times)

It's not illegal but the chinese government obviously scorn things they can'y control. They do have big gambling hubs like in macau but these are heavily regulated by the chinese government. I don't think they'll take it easy on crypto gambling if ever.

How can you say that the current volume in bitcoin is from Chinese market ? I doubt this and also the volume in bitcoin is very low these days.

I am not sure if gambling is illegal in china. You need to provide some evidence to support your point of view. Anyways as an whole china will be the big hub of bitcoins.

meaning to say that only onshore gambling got the approval of their government, I also understand that china is a communist country so the government controls everything, it will be difficult for bitcoin to be legalized as gamblers can easily use this platform to escape the taxes, maybe or possible that there's people there who already using it in a discreet manner afraid being caught.

I am not sure this can be real,why only online gambling is banned when they legalized gambling?

Wikepedia says gambling is completely prohibited in China, source : https://en.wikipedia.org/wiki/Gambling_in_China

Gambling is really originated from china and there are a lot of casinos in china that there are a lot of gamblers wants to go and play. But online gambling is not allowed china because it is considered as an illegal gambling, that is why it is impossible for you to play bitcoin gambling in china. But there are still online gambling sites that are in china that are not yet banned because they are not yet discovered by their government.

Maybe some online gambling casinos that are not powered by any chinese organozation are the ones you can play with. Gambling is illegal in so many countries added that its also in the form of cryptocurrency where a lot of countries are banning it also. No law can stop an addict gambler though.

OP, It's official, blockchain technology has beat one of the biggest authorities on earth. The decentralized nature of what has become the backbone of the cryptocurrency craze has prove n its mettle. Bitcoin and a host of other highly speculative digital currencies live another day since you posted the thread at 2016. 

When China banned mainland residents from trading in cryptocurrencies on exchanges and made it illegal for Chinese start-ups to raise funds via initial coin offerings -- a hybrid of crowdfunding, venture capital, and initial public offerings, to put it simply. Bitcoin prices fell. Ether prices fell. And then cryptocurrency start-ups shook it all off. It was as if they were punched in the face, shook the cobwebs out of their head, and remembered that this whole blockchain thing is decentralized and autonomous. That's the point. Banned in one country, move to another. Now they're back on their feet in most cases, like a terminator cyborg hard to knock down.

There are ways around the ban, everyone will tell you. They include more peer-to-peer investing done in private rather than the traditional Kickstarter-esque crowdfunding method that some start-ups use on ICO platforms like KickICO in Moscow, now gathering hundreds of new tech companies, including American ones.

Non-Chinese ICOs didn't kill their start-up funding plans because of China bans (and subsequent bans in South Korea). Instead, most put their plans to launch on pause to figure out ways to legitimize their activity and find the right investors now that crowdfunding these things in China is illegal under the ban. Chinese with crypto wallet accounts in Singapore, Hong Kong, London and elsewhere are still buying tokens of companies listing on exchanges and still speculating in cryptocurrencies.
one big stumbling block currently facing all budding cryptocurrency gaming operators including my favorite online casino Vegascasino.io – how to run a crypto casino when tokens tend to be so volatile? 

I think bitcoin gambling is still not accepted in china because how would they buy bitcoin if it is illegal in china.

Sorry to bump the old one here, we used a bunch of bitcointalk threads and a few advertisers info on countries allowed to find the best options for playing from China though.

There are plenty of provably fair casinos and anonymous options for players from China to play slots, baccarat, blackjack, poker and bet on sports.

https://www.cryptogamblingsites.com/gambling-country-guides/china-gambling-guide/

Between Stake, Cryptogames, Bitvest and Nitrogen Sports, there are at least faucet options and every game type available for gambling from China (assuming everyone is using VPN there).

I am also hoping for it.

But as what I can see right now bitcoins do still have a long way before it depreciate or loss its value.

bitcoins are still not that known by most of people here in our country and to different countries out there and only the persons who regularly used an internet knows it, so you are right it still does have a good chance to become more popular as to what it is now.

yeah it is like this everywhere in the world.
there are many other countries that have laws against gambling and there are a couple of countries that even have laws against bitcoin.
but none of these matter since bitcoin is anonymous and anybody who wishes can use it as easy as possible.

Well this makes sense. This is very possible cause if you think about it. Every transaction in crypto are online and anonymous. It is not easy to trace sender and recipient.

i hve some friends from china who personally doing gambling in bitcoin currency. they says that alot of people are doing it here in the same way.

They've got a crazy firewall blocking out sites. I'm not a teach wizard though so I'm unsure if Tor or certain VPN's can find a way around this.

People here will make up crap & guess but only Chinese bitcoin users would really know.

yeah they are really accepting bitcoin but gambling is a very different thing and it has nothing to do with bitcoin and accepting it.

they may have accepted bitcoin and also they may have been very active in the bitcoin scene but gambling is not yet legal in their country.

my personal view is that bitcoin gambling will be acepted in Chine as China is really promoting and supporting bitcoin.

In communist china bitcoin is probably illegal xP
They want total and complete control of their people. That is why china is a sweat shop country. I don't think having gambling in such an unedcuated country is a good idea though anyway.

i have no clear area but i think they will accept gambling at all.

I am also hoping for it.

But as what I can see right now bitcoins do still have a long way before it depreciate or loss its value.

bitcoins are still not that known by most of people here in our country and to different countries out there and only the persons who regularly used an internet knows it, so you are right it still does have a good chance to become more popular as to what it is now.

I did not hear it which is odd, since from what i know the biggest group of gamblers I've ever seen has been chinese. They seem to gamble if their lifedepends their life on it?
Very odd.