Post
Topic
Board Legal
Re: Bitcoin gambling laws
by
Don Pedro Dinero
on 01/05/2018, 13:05:32 UTC
Hey, don’t worry, this is on the right section and it’s not too much for a first post. I wish we had more first posts like this one! You are welcome!
To run a crypto site, you only need a license from the country where it is based, usually a tax haven. Then, in theory, to operate in some countries you would need a valid license from that country, but up until now, it seems regulated countries are turning a blind eye.

For the moment, crypto sites get away by putting on his terms and conditions something like: “The player guarantees at all times not to be a resident or located in...” Followed by a list of the regulated countries, but they don’t check IPs to ban people from those countries.

How long this will last, I don’t know, but I’m sure it won’t remain like that forever. When regulated countries get tougher, the best option will be in my opinion not to run the site on those countries because to get a license you need a lot of money.