"UK Gambling Commission Views Bitcoin as Cash Equivalent"
https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent
https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent
well, it is not exactly a good publicity but it is a lot better than them calling bitcoin criminals money. so I guess it can have some effect on bitcoin's adoption in the future.
especially since the online gambling has been growing a lot in the past and bitcoin with online gambling has been growing a lot faster.
but I hope I can see more news about bitcoin in other areas that count like our day to day purchasing of groceries and stuff like that .
It is like more stories are connected to the gambling area. Why? Because it is the perfect one for them not to be known. It is easy also, just exchane your dollar into bitcoin and you can start playing. I remember a friend where he went to an other country to work
He loves playing poker so he tried it online. It is legal in this country as long as you are holding one of their ATM but when he got back to his own country he cant play anymore due to restrictions. This is why bitcoin is way more used than any other. There are some that restricts it if you dont use their items. But in bitcoin there is none.
This do not change with Bitcoin, those same countries where this is banned, would also stop people from converting BTC into fiat.. if they can determine the origin of those coins. I know Coinbase have
ToS against this kind of thing to prevent possible money laundering through Bitcoin casinos. If you still want to continue gambling you would have to do this through anonymous proxies and also make
use of mixer services to hide the origin of the coins.
