What Is Crypto Gambling? Crypto gambling platforms are everything you have come to expect from traditional gambling sites, albeit with an unconventional business model, whereby users use digital assets like bitcoin to gamble. In other words, users get to gamble with crypto as opposed to fiat currencies utilized in conventional gambling sites. There are no specific laws relating to gambling with crypto. As such we assume that gambling with crypto falls in the same legal category as gambling with government currency. If online gambling with your local currency is legal where you are then online gambling with crypto is also legal where you are. If online gambling is illegal where you are gambling with crypto is also illegal. The crypto currency industry isn’t the regulator’s favourite friend. But all transactions are recorded on the blockchain giving the industry super transparency and fairness. All the gambling sites that we are advertising have gambling licenses and yes they do operate legally. For the most part, gambling online using Bitcoin or any other cryptocurrency from within the United States is perfectly legal as long as you acting within the boundaries of state laws. Contrary to popular belief, there are no federal laws that forbid online gambling. Welcome! Log into your account. your username. your password But cryptocurrencies are not regulated (which seems to mean they’re legal just because they’re not explicitly banned), so the decision of using alternative coins rests with the offshore service providers mainly. ... This allows cryptocurrencies to be considered as “private money” and taxed. One of the features crypto gambling sites is the benefit of anonymity. This makes it difficult for authorities to trace players, and tax their winnings. Here is the list of countries where Crypto Gambling is legal: 1. UK. 2. France. 3. Turkey. 4. China. 5. Israel. 6. UAE. 7. Korea. 8. Brunie. 9. Blockchain technology has brought innovations and improvements to the online gambling world that go beyond cryptocurrencies. Nowadays, it’s possible to play at provably fair casinos with game outcomes that are verifiable on the blockchain. What’s more, crypto casinos can often offer lower house margins and other financial benefits to their players. Is Bitcoin Gambling Legal? The US. Bitcoin gambling legality in the US is ambiguous at best. Many sites have opened their services for US citizens for many years without much issue. However, things changed when the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) was passed, and this changed the online market to an extent. Countries that have regulations for crypto gambling include Belgium, Poland, Greece, Netherlands, Italy and the United Kingdom. In the guidelines in place in many countries about payment methods that are acceptable in casinos, Bitcoin ...
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