Topic: Why they need a license if bitcon is not money? - page 12. (Read 3051 times)
For me, it's probably the appeal of legitimacy in the eyes of the government because if you look clean and legitimate and the government recognizes you then the people would be easy on you and they're comfortable because they know that you're a casino that's not going to cheat their players and that you'll not hold back on your word. Another reason is probably the crypto laws in the countries that the casinos originated from or they still probably convert their profits in fiat so they end up having to pay the tax department of their country, also it's unfair to build a uncertified casino because it's all going to be profit for you and the gap of the profit to your monthly expenditures is just so wide that the government can't just ignore them without having a piece of their pie.
If Bitcoin is not money, what would have been the fate of the exchanges, how either will the gambling platforms accept bitcoin for use or crypto, I don't even think we would have been all here making discussions like this and lastly, having an avenue to participate online gambling platforms would have been so tiring and frustrating to many of us if we are not having alternative to it.
That's right, that's what I think sometimes. If it's true what others say, that Bitcoin is not money, I hope there are no exchanges that appear in the crypto exchange or even in the stock exchange market that recognize and accept Bitcoin for trading activities.But Bitcoin is technological innovation asset that is very valuable and Bitcoin has become one of the digital currency assets with the best value.
If you equate Bitcoin with money it will clearly be different but the value of Bitcoin will be much greater than fiat currency, the trading exchange is the place to carry out every trading transaction.
This will be the same as traditional market with cryptocurrency market, both are places where each currency can be spent.
It just that in crypto we cannot produce goods that can clearly be seen in general because this is digital asset which is quite supported by technological developments.
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So, it just means that others who think that bitcoin is not money are people who don't know anything about it, and if a license is needed, it also helps for the security of the communities that enter regulated businesses. .
It is clear that license is really needed because Bitcoin is not of small value, Bitcoin and cryptocurrency have involved many users with very large value turnover.This will guarantee the security and comfort of every crypto user, especially Bitcoin, we exchange money into digital assets and we will need security to protect it so we will only use exchanges or platforms that are officially registered.
If Bitcoin is not money, what would have been the fate of the exchanges, how either will the gambling platforms accept bitcoin for use or crypto, I don't even think we would have been all here making discussions like this and lastly, having an avenue to participate online gambling platforms would have been so tiring and frustrating to many of us if we are not having alternative to it.
That's right, that's what I think sometimes. If it's true what others say, that Bitcoin is not money, I hope there are no exchanges that appear in the crypto exchange or even in the stock exchange market that recognize and accept Bitcoin for trading activities.
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So, it just means that others who think that bitcoin is not money are people who don't know anything about it, and if a license is needed, it also helps for the security of the communities that enter regulated businesses. .
Bitcoin isn't money but a digital currency because when you call Money it should be physical and since this is digitally use I believe it may be called currency. 
If Bitcoin is not money, what would have been the fate of the exchanges, how either will the gambling platforms accept bitcoin for use or crypto, I don't even think we would have been all here making discussions like this and lastly, having an avenue to participate online gambling platforms would have been so tiring and frustrating to many of us if we are not having alternative to it.
That's right, that's what I think sometimes. If it's true what others say, that Bitcoin is not money, I hope there are no exchanges that appear in the crypto exchange or even in the stock exchange market that recognize and accept Bitcoin for trading activities.
So, it just means that others who think that bitcoin is not money are people who don't know anything about it, and if a license is needed, it also helps for the security of the communities that enter regulated businesses. .
Why casinos have license even though bitcoin is not money? Because the casinos pay taxes, have employees that work legally. Imho these are two main reasons why there is a license. There might be a possibility, that license is only needed for reputation, for casino to show users they are not going to scam.
Well what most persons falls to note is that, casino is not all about bitcoin, or cryptocurrency who does not need license to be used, but casinos are business entities that operates under the guidelines of the law and will always act inline with that to secure their own business so for that, when the authorities comes for them, they will have to put everything in place to act accordingly and also being able make everything available to meet up with the demands of the law, this is why we have seen many of them that act according to regulations and it inputs on them, when we have chances to separate the fact and true nature of decentralisation Vs centralisation and in this regards, we have to note the place of the law and licensing for the casino.So for a centralised casino, there most be a need to present an operational guidelines and procedures that give them the chance to act within the law and and also according to the outline in the licensing of the casino and what the tend and stand to gain and lose at the same time this is very important for the casino to be able to meet legal requirements.
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.
Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Because the government only wants control and taxes. They absolutely cannot handle the fact that they cannot control cryptocurrencies so they go after the centralized parties (in this case; gambling casinos). Their methods of scaring the centralized parties into obeying their every word are two-faced and unjust. At some point, the government will have to give up and give back control to the people. Everything else is just temporary mental gymnastics.
I agree that gambling needs freedom. But that requires decentralized platforms. Ones that are truly decentralized and cannot be touched by the government. I am not sure if the current state of development of web3 casinos can hold a candle to traditional web2 casinos. If they even exist. From my experience, many casinos claiming to be decentralized are not actually so. And they just call themselves decentralized for marketing reasons.
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.
Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Well said, although these sites may not provide as many games to gamble as other sites yet they are truly non KYC sites.
It's good to have such non KYC gambling sites. On the other hand, while bitcoin may not have been accepted by many governments yet but they are starting to.
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.
Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Let`s be honest, you don`t get Bitcoin for free. The gold is not money too, but it has some cost. As the result we use for gambling something that costs money, they need to control it. Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
PS. I don`t believe in license. I think that license for casino is a fake - i`m sure that license can`t help gamblers when they have some problems with casino. But Bitcoin costs money.
If Bitcoin is not money, what would have been the fate of the exchanges, how either will the gambling platforms accept bitcoin for use or crypto, I don't even think we would have been all here making discussions like this and lastly, having an avenue to participate online gambling platforms would have been so tiring and frustrating to many of us if we are not having alternative to it.
Bitcoin is an alternative to money but many governments are afraid to legalize it in their country even if they believe in it. This is why the op expressed such anger. And site licenses carry the identity of a site's team. And when a casino site gets a status that they are licensed, the casino business is one step ahead of the competition. Because gamblers are attracted to sites that are reputable and licensed. Some governments do not accept Bitcoin as money, but gamblers trust crypto as money. So gamblers must look for licensed sites for their own safety 
If Bitcoin is not money, what would have been the fate of the exchanges, how either will the gambling platforms accept bitcoin for use or crypto, I don't even think we would have been all here making discussions like this and lastly, having an avenue to participate online gambling platforms would have been so tiring and frustrating to many of us if we are not having alternative to it.
It makes sense but standards from users and governments are changing that fast. Even if we as a community, don't actually need to rely on these licenses and things for compliance. A casino needs to secure it for themselves and not for us so that they'll be legally operating. As much as they want it to be, I guess that it's also a preference on their end. While for us, whichever we prefer as long as those basics you've mentioned are being met then that doesn't play a big deal at all. But when someone who's known and reputed prefers to go into a casino saying things that they should be licensed, I think that makes an impact to the audience that follows those people and will make that opinion as if it's the standard.
the sentiment over crypto-related businesses is changing. as users are trying not to get duped by fraudsters, they are looking for options on not to get wrecked by these scammers. hence, one way is to check if the casino is licensed or not. but if you happen to know the site long time or has proven good history even if they are not licensed, you can also play with them. after all, how many cases have you seen that someone is truly suing a casino because of not releasing their funds?
It makes sense but standards from users and governments are changing that fast. Even if we as a community, don't actually need to rely on these licenses and things for compliance. A casino needs to secure it for themselves and not for us so that they'll be legally operating. As much as they want it to be, I guess that it's also a preference on their end. While for us, whichever we prefer as long as those basics you've mentioned are being met then that doesn't play a big deal at all. But when someone who's known and reputed prefers to go into a casino saying things that they should be licensed, I think that makes an impact to the audience that follows those people and will make that opinion as if it's the standard.
the sentiment over crypto-related businesses is changing. as users are trying not to get duped by fraudsters, they are looking for options on not to get wrecked by these scammers. hence, one way is to check if the casino is licensed or not. but if you happen to know the site long time or has proven good history even if they are not licensed, you can also play with them. after all, how many cases have you seen that someone is truly suing a casino because of not releasing their funds?
Those that operate til now without licenses are in the game for years, and basically they don't need any piece of paper from any governments to appear legitimate. These new casinos getting licenses on Caribbean tax havens are doing so because they want to appear 'legally compliant' and make it look like they are not going to run with your funds because they are licensed. At the end of the day though, it's still a matter of choice on whether to play on unlicensed casinos or not.
There are a lot of licensed casinos out there that can't still serve lots of countries.
There are a lot of licensed casinos out there that can't still serve lots of countries.
in this forum alone, you can already see several unlicensed casinos and yet, they are still doing their business. at the end of the day, one important factor to consider is the reputation built throughout the years. so if they don't have existing valid complaints, usually, they can gain loyal patrons on their site.
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Why are you listing 'em casinos?? Isn't this just a way to create an awareness about them to everyone else? Including the gambling operational services like ...GCB, NLRC etc? Just asking anyways.Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
The governs are just exercising their sovereignty and there's little to what you can do in this situation... maybe apart from protesting?? Lol.. all they need is full accessibility into people's wallet, acc balances, transaction history etc... I don't know why but something tells them that monitoring individual funds is a way to mop out inflation...Quote
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Yes, ... That should make you understand why we've got grades and classes between other citizens..Sandra 🧑🦰
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
Or have a real crypto gambling firm that could offer licenses just for crypto, to make it more regulated. It doesn't mean it's not important but for those gamblers who wants it, it sure is important. To be honest, people still have that narrative to ask, "do you have a license somewhere?" even in this very forum. And, hands down to those crypto casinos that get huge without it, totally fascinating.
It makes sense but standards from users and governments are changing that fast. Even if we as a community, don't actually need to rely on these licenses and things for compliance. A casino needs to secure it for themselves and not for us so that they'll be legally operating. As much as they want it to be, I guess that it's also a preference on their end. While for us, whichever we prefer as long as those basics you've mentioned are being met then that doesn't play a big deal at all. But when someone who's known and reputed prefers to go into a casino saying things that they should be licensed, I think that makes an impact to the audience that follows those people and will make that opinion as if it's the standard.
In some place, casino can not operate without a license and that is what have made it very hard for you to see an existence of a casino without having certificate to operate as an entity, although we have a pocket lf few of other casinos that operates without a license but all the same, it wont take long before authorities will close in on them and making it a end games by all means or being forced to get a license for the business.
So the reason why casinos seek after license is to gain legitimacy from their players and the society at large, and also being able to gain the recognition from the government also since the licenses are issued by the government.
Those are already the problem of a casino operator. But for us players, we still can see lots of casinos online even they are not licensed. They are still safe and other functions are still there like on what we saw on a licensed casino.So the reason why casinos seek after license is to gain legitimacy from their players and the society at large, and also being able to gain the recognition from the government also since the licenses are issued by the government.
I don't know if it's true that governments can be after them and shut them down one by one but I think that is mostly applicable to the fiat casinos. While for the crypto ones, I doubt that because cryptos are decentralized right? But if you are talking about the offline casinos, then you are right about that
. It will be a headache for us. There are underground casinos but they are illegal and it is risky to engage on them. 
Those that operate til now without licenses are in the game for years, and basically they don't need any piece of paper from any governments to appear legitimate. These new casinos getting licenses on Caribbean tax havens are doing so because they want to appear 'legally compliant' and make it look like they are not going to run with your funds because they are licensed. At the end of the day though, it's still a matter of choice on whether to play on unlicensed casinos or not.
There are a lot of licensed casinos out there that can't still serve lots of countries.
There are a lot of licensed casinos out there that can't still serve lots of countries.
Why casinos have license even though bitcoin is not money? Because the casinos pay taxes, have employees that work legally. Imho these are two main reasons why there is a license. There might be a possibility, that license is only needed for reputation, for casino to show users they are not going to scam.
I think to license the casino is all part of the gaming regulations and process and if not anything atleast it shows that the casino is for a steady ready and mean business because I know you have to pay a lot of money before your company get licensed, let's all think of it this way, imagine now that licensed isn't mandatory and important it would have been so easy for any company to come start offering such service and can easily discharge with the public money that have all been sent to the casino or website.
I agree that Curacao gambling licenses are useless. Having a useless gambling license creates the fake sense of legitimacy, but the casino can still find ways to scam the gamblers.
Decentralized gambling should become the future. Betting directly from your cold wallet and receiving the profits directly to your cold wallet (minus a certain fee)should become the new normal. If decentralized gambling becomes a thing, why the hell would you trust a third party, by depositing your precious coins there and conducting useless KYC.
The problem is that nobody wants to invest in truly decentralized gambling projects.
I definitely think decentralized gambling has potential to shake things up. Putting more control into players' hands about their money and personal info makes sense. And it'd be tougher for shady casinos to take advantage.
but the issue is that big, traditional gambling outfits still have all the power. Theyve got the cash and sway to lobby against decentralized gambling. Plus they know how to aggressively market their own products.
So, they face an uphill battle against the entrenched gambling industry giants. These big dogs won't go down without a fight.
Sooner or later, decentralized casino will find a way to make gamblers switch on their gambling site, one idea I'm thinking is incentivizing them with airdrops. This can replace the deposit bonuses of centralized casino if ever it happened.
I agree that Curacao gambling licenses are useless. Having a useless gambling license creates the fake sense of legitimacy, but the casino can still find ways to scam the gamblers.
Decentralized gambling should become the future. Betting directly from your cold wallet and receiving the profits directly to your cold wallet (minus a certain fee)should become the new normal. If decentralized gambling becomes a thing, why the hell would you trust a third party, by depositing your precious coins there and conducting useless KYC.
The problem is that nobody wants to invest in truly decentralized gambling projects.
I definitely think decentralized gambling has potential to shake things up. Putting more control into players' hands about their money and personal info makes sense. And it'd be tougher for shady casinos to take advantage.
but the issue is that big, traditional gambling outfits still have all the power. Theyve got the cash and sway to lobby against decentralized gambling. Plus they know how to aggressively market their own products.
So, they face an uphill battle against the entrenched gambling industry giants. These big dogs won't go down without a fight.
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