Are transactions between cryptocurrency exchanges and gambling platforms legal?.Do traditional gambling licenses cover the use of crypto?.Does accepting it through an online casino or online betting site come with the same restrictions and responsibilities as accepting local currencies?.Online gambling operators who are considering accepting crypto are left with quite a lot of questions. In fact, in many jurisdictions, there is no specific legislation that deals with cryptocurrencies in any shape or form, much less regulatory guidelines on legal cryptocurrency gambling. This is in most part down to the rather standoff approach that many governments have taken towards Bitcoin and its counterparts. This was particularly true in the iGaming industry where the possibilities of a truly decentralized currency were seemingly endless.īut it’s been over a decade since Satoshi Nakamoto mined the Genesis Block and while a number of industries have embraced cryptocurrencies wholeheartedly, introducing a decentralized currency into iGaming hasn’t been quite as easy as we first assumed. When the first Bitcoin was mined, the excitement around the very idea of a decentralized digital currency was palpable.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |