Topic: Is bitcoin gambling really accepted in China ? - page 6. (Read 15998 times)

I never heard that bitcoin is legal in china and i think if there's gambling there its illegal..  its a long journey before we will see that bitcoin will be legal in country. so i think its illegal their if they are accepting bitcoin.

It seems bitcoin is very popular in China and recent rise of price cause of Chinese people, that is why i am quite sure it is really most favorite currency in China.

Bitcoin is making its space in China easy by easy.I think Chinese elite class has realized that their capital is safer in Bitcoin and they have poured lot of money into Bitcoin.Once Bitcoin will be popular in China there will be no restriction or it will not be illegal anymore to gamble with it even in China.This will happen for sure in future sooner or later.

At this time I don't have any authentic news which shows China has allowed gambling with Bitcoin.There is still tight regulation even about Bitcoin in spite of all the recent price spike which is caused of Chinese money.Chinese investors don't represent government and government is not going to make gambling with Bitcoin legal soon.

Bitcoin is pretty known to me, my family and a lot of friends I have, but none of the reasons for knowing it are good. Most of them have heard of it in context of an illegal activity and a lot of them still think bitcoin as a whole is illegal. Media doesn't do a good job is portraying bitcoin as a good alternative. I actually asked a friend yestrday, and even he said he knows it as drug money, so definitely not a good reputation.

I do not think that China has delivered its citizens to gamble looks like something that can be taken for common sense, I believe it is unlikely to happen.

One thing I wish for BTC now would be.. For it to be more renowned and used worldwide. Well it is now but I believe it can still go a long way. Like what you said, no really point to argue about it being legal or not etc.

I think gambling in china using bitcoin is legal,

And another thing, who cares if they put an illegal note on it that gambling using bitcoins are illegal, First of all bitcoin are a decentralized currency, and are not controlled by any government treasury, and another thing, you can make your self anonymous to it because in bitcoins transactions or in ledger as what we call it, only wallet address are shown, so if you tried to change your locations to different countries like maybe using a tor then you cannot be traced easily, even with the feds.

may be gambling is illegal in many countries but still the most common fact of the world. i think china must accept bitcoin gambling.

it is not about "bitcoin gambling" it is "gambling" that is illegal. and if i am not mistaken gambling is not allowed in the US and many other countries either.
and it doesn't matter with bitcoin because you can always use it because it is not like fiat that you have to use a bank that can block you, it is on yourself.

Gambling is different from exchanges. Dollar exchanges are legal in US or other countries but not all gambling sites are. They are not making bitcoin illegal but the gambling which is illegal with or without bitcoin.

Its actually surprising that China has all these restrictions specially when gambling sort of goes with their culture. I would also be surprised to here that they have bitcoin gambling sites banned as not a lot of traffic usually goes on those sites. Despite being illegal, people can have access to these sites without any issues.

If bitcoin exchanges and regular casino gambling is accepted in China, then why wouldn't bitcoin gambling be accepted as well?

Why would China only "protect" its citizens from bitcoin gambling and not other forms of gambling? Well, I guess I could understand why China would "protect" its citizens just like the US "protects" its citizens - "Protecting" citizens basically means banning whatever it is they are "protecting" the people from until the government gets its cut of whatever it is.

Not every countries make bitcoin as illegal currency, only small number of country recognize bitcoin as an illegal currency . For reference look at this list  https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country . Several countries considered bitcoin as money but not legalized it. And in china itself it's prohibited but strangely a lot of bitcoinerr born on China, grow fast in china.  That's awesome china! They don't need to be legalized they just keep moving.

Yes this is not possible in China. Not only in china i any country the government will not allow us to open bitcoin casino because it is illegal currency. So once the govt accept this currency as legal then we can try there. But i am not sure that china people are that much poor because they are very intelligent guys in the world so they are poor means i can not believe. 

I don't think people are poor in china as if so how they could have managed to buy bitcoin in such a volume that can effect global bitcoin trading. And also communism doesn't mean the people will be poor, it means the financial difference between the citizen will be lower, however i don't know this is true or not in case of china.

Its illegal to gamble in china and that is also why a lot of Chinese people love gambling when they are in other country's...
The rules of china are very strict!

I don't think this could be further from the truth. Gambling, in general, is illegal, but like the US, there are gambling hubs in China (Macao and Hong Kong), which behave similarly to Las Vegas. Gambling is deeply ingrained in the culture of China, there are also many opportunities to gamble in state run lotteries and other options.

That's a good idea. No doubt the Chinese Bitcoin online gambling is a huge market share that somebody could get in and dominate if they speak or have good Chinese translation. Even if it's not legal they can still play just fine.

Fair to say nothing is 'legit' in China, least of all the government. Remember, the Chinese Communist Party came to power by stealing land and property from the ruling class. The CCP continues to loot the country to this day. Many ordinary Chinese understand this; in many ways they are just people like you and me. A couple more examples:

Particularly near the ubiquitous construction sites: in the evenings and holidays/weekends you will find construction workers playing 3-card poker openly on the sidewalks. I never saw police harass them, but the players do not want their pictures taken.

High stakes mahjong gambling is insane in some parts of the country. Cities in Sichuan shut down on the weekends so that everyone can play mahjong for money: they play openly in 'tea houses' that plainly exist to facilitate mahjong gambling, and bigger stakes are played, again, in private apartments run by individuals and syndicates.

For example, I met a woman who regularly lost US$10-30k each weekend playing mahjong. (Her family owned a brokerage, and she was an executive/principal).But she explained to me that she lost the money to her friends, who needed it more than her, so she saw it as a way to support her friends.

Gambling is rampant in China. Most gambling is live. The online gambling is heavily concentrated on sketchy, Chinese-only websites that a westerner would have difficulty finding.