Topic: Online Gambling could be used to pay for covid problems - page 12. (Read 81605 times)
Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict, so it's illegal per se. And now they are shifting focus and wanted to tighten it because it could be used to pay for covid problems? Double standard. I'm not down with this one, and it seems that they don't have any resources to help the covid pandemic and they will have to get it from online/offline gamblers.
What do you think ?
Is this essential? Would it affect the online casinos?
Is this essential? Would it affect the online casinos?
I think they started doing it locally first first Germany and some other countries, and I think they will add some extra tax and restrictions to try and cut some losses.
With added kyc verifications we can only see more taxes not just for casinos but also for regular people and customers.
It is all just one big money collecting machine and nothing will change until people start to complain in large numbers.
Sure we need some regulations but not total control of everything.
Essential for government since we know on how gambling sites do make out big money which would means that tax will also comes into play and its not a surprising thing that
government would always love to go in things on where they can see that they would able to benefit out.
Most government now do really having this kind of solution since this pandemic did really give out some massive hit in means of economic state.
They had already opened these establishments and do continue their operation.They know that it will really be useful in times like these.
When it comes to regulation then expect for something like that.Fiat casinos is much more centralized where KYC would always be a norm.
government would always love to go in things on where they can see that they would able to benefit out.
Most government now do really having this kind of solution since this pandemic did really give out some massive hit in means of economic state.
They had already opened these establishments and do continue their operation.They know that it will really be useful in times like these.
When it comes to regulation then expect for something like that.Fiat casinos is much more centralized where KYC would always be a norm.
The pandemic forces the government to find alternatives to get some funds, not just taxes from indivduals but also tp online businesses. Casinos are the easiest gateway for laundering I'm sure they have that in mind and they are not going to make it easy for casinos.
They make a lot of money considering that they are not affected with the pandemic and instead continue to enjoy making more money.
Regulation does not always necessarily mean taxation. Perhaps they just want to minimize the fraud and possibly restrict some activities active in the online gambling platforms but not in brick-and-mortar casinos. But given that we have been battered with the wrath of a pandemic, it's not really far off that we will see the government trying to tax online gambling platforms to collect something out of them and to complement their already depleting funds due to this pandemic.
Not really essential, though it is a step forward albeit the potential damaging effects of the regulations to the online gambling industry since KYC will be implemented that's for sure, plus a lot of other privacy-related concerns since we're talking about the government here.
What do you think ?
Is this essential? Would it affect the online casinos?
Is this essential? Would it affect the online casinos?
Not really essential, though it is a step forward albeit the potential damaging effects of the regulations to the online gambling industry since KYC will be implemented that's for sure, plus a lot of other privacy-related concerns since we're talking about the government here.
Essential for government since we know on how gambling sites do make out big money which would means that tax will also comes into play and its not a surprising thing that
government would always love to go in things on where they can see that they would able to benefit out.
Most government now do really having this kind of solution since this pandemic did really give out some massive hit in means of economic state.
They had already opened these establishments and do continue their operation.They know that it will really be useful in times like these.
When it comes to regulation then expect for something like that.Fiat casinos is much more centralized where KYC would always be a norm.
government would always love to go in things on where they can see that they would able to benefit out.
Most government now do really having this kind of solution since this pandemic did really give out some massive hit in means of economic state.
They had already opened these establishments and do continue their operation.They know that it will really be useful in times like these.
When it comes to regulation then expect for something like that.Fiat casinos is much more centralized where KYC would always be a norm.
What comes to my mind immediately if it was regulated for sure it would require to conduct a KYC which would violated on what most of us like which is Anonymity but we can't blame the government since I think they're just doing this to have some extra source of fund to sustain their economy due to this pandemic.
They don't need to impose KYC for that, with the blockchain governements could easily monitor the funds comitted on the platforms and tax them 
What comes to my mind immediately if it was regulated for sure it would require to conduct a KYC which would violated on what most of us like which is Anonymity but we can't blame the government since I think they're just doing this to have some extra source of fund to sustain their economy due to this pandemic.
New tax measures for online businesses have been proposed in almost every country because the Government needed new source of funds. They won't be able to collect much from traditional businesses (non-essentials) because we already know they've been hit hard by the pandemic too. Online selling and gambling have been the most profitable that's why these proposals are to be expected.
Most bitcoin/crypto casinos here are registered in Curacao, I guess the answer is no?
Is this essential?
For the Government, yes. For the gamblers, No.Would it affect the online casinos?
It depends on the jurisdiction. Casinos are only liable to the country where they got their license if I'm not mistaken. Changes in policies in countries like UK, Germany, or Malta won't affect online casinos approved by the Curacao Government.Most bitcoin/crypto casinos here are registered in Curacao, I guess the answer is no?
I do believe that even if most of the casinos are situated outside the country the rule will apply on people who are going to use them. Even if someone from Europe decides to use the casinos the rules will be applicable on them and therefore I believe this is important for all of us.
If someone is going to use them , they are going to pay for the extra charges related to the laws concerned. If the government decides that the casinos have to pay 5% of the total funds deposited or something like that , they will make sure that people have to at least pay 3.5% since the margin is not as good for them too.
Plus the registration of Curacao is weird since they don't even allow their own citizens to play , there was a whole topic about it .. anyways if it will affect people it will affect the casinos itself.
New tax measures for online businesses have been proposed in almost every country because the Government needed new source of funds. They won't be able to collect much from traditional businesses (non-essentials) because we already know they've been hit hard by the pandemic too. Online selling and gambling have been the most profitable that's why these proposals are to be expected.
Most bitcoin/crypto casinos here are registered in Curacao, I guess the answer is no?
Is this essential?
For the Government, yes. For the gamblers, No.Would it affect the online casinos?
It depends on the jurisdiction. Casinos are only liable to the country where they got their license if I'm not mistaken. Changes in policies in countries like UK, Germany, or Malta won't affect online casinos approved by the Curacao Government.Most bitcoin/crypto casinos here are registered in Curacao, I guess the answer is no?
I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.
https://www.euroweeklynews.com/2020/10/22/will-european-countries-regulate-online-gambling-to-pay-for-covid-19/
We already have laws regarding these casinos but I do believe for the government it is not enough.
Pros:
1. Can help regulate the spam casinos
2. People will have security
3. They will be protected by the laws
Cons:
1. People will have to actually pay up more indirectly for extra charges
2. No privacy
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What do you think ?
Is this essential? Would it affect the online casinos?
https://www.euroweeklynews.com/2020/10/22/will-european-countries-regulate-online-gambling-to-pay-for-covid-19/
We already have laws regarding these casinos but I do believe for the government it is not enough.
Pros:
1. Can help regulate the spam casinos
2. People will have security
3. They will be protected by the laws
Cons:
1. People will have to actually pay up more indirectly for extra charges
2. No privacy
`````````````````````````````````````````
What do you think ?
Is this essential? Would it affect the online casinos?
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