Post
Topic
Board Legal
Re: Faucets Legality
by
tiggytomb
on 01/10/2015, 10:33:39 UTC
the revenue is so low  that no one is going to bother with them, also they are completely in crypto currency , there is no fiat involved there, so not taxable and obviously legal
Exactly, faucets are operating on really low volume so they are irrelevant. The Governments mostly care about bitcoin exchanges, marketplaces and casinos since there is a bigger bitcoin volume.
But sometimes govt. do interfere in there business. Recently PD was banned in US.
And central banks keeps on releasing warnings saying stay away from these cryptocurrencies.

I think PD was banned in US because it's illegal to gamble online in the United States. If I'm wrong please someone correct me, but I always thought that was the case.

Think you are right, a lot of gambling sites have also stopped operating in the UK as they require a license to do so.