The question of Bitcoin casinos legality has been standing since this industry was born. It’s understandable: traditional online casinos are banned in a number of countries, and Bitcoin casinos break these bans and open up a world of online gambling for everyone. Therefore, the debate about legit Bitcoin casino question deserves consideration.
Are they legal in general?
Bitcoin has already become famous as the most convenient payment instrument in modern online casinos, and it gradually becomes the most popular and used. Despite the greater number of fans, questions about the legality of financial transactions in the context of gambling are acute because of its decentralized nature of payments. It is about the complete independence of gambling.
But the central idea is similar to other currencies: the player not only donates his money to the account, but also gets the opportunity to play and win, and the casino allows you to withdraw the winnings for personal use. The only difference is the currency of operations.
Standards Bitcoin casino does not differ from traditional online casinos and licensing issues are similar. This means that you need to look for an honest and proven casino to guarantee yourself a safe game. Refusing to play Bitcoin because of prejudice is at least unreasonable.
What else do you need to know?
Today, casinos are beginning to block for use in a number of countries, where game currencies are approved as official means of payment for services. For this reason, the activity of online casinos in a particular country becomes formally illegal; Bitcoin casino becomes the only formally legitimate alternative. And you should not forget about the age limit for player too.
Bitcoin issue is not regulated in most countries of the world. This means that you can formally legally play on the Bitcoins almost everywhere. In this situation, the specifics mean that the country with unregulated legislation, perceives Bitcoin as a commodity, not a currency. Study the newest legislation terms and you most likely will not run into problems.
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