Hey, dont worry, this is on the right section and its 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 dont check IPs to ban people from those countries.
How long this will last, I dont know, but Im sure it wont 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.
Oh wonderful. That's much better news than I thought. ANd thank you for being willing to provide an answer. I assumed not many with the knowledge would be keen to answer as to limit potential competition raised by an answer like yours. Any countries you'd recommend? I know it is especially easy to incorporate in belize and their privacy is very good as well. I do not however, know their stance on gambling so I will have to look into it.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 dont check IPs to ban people from those countries.
How long this will last, I dont know, but Im sure it wont 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.
I really appreciate the answer. Are there any other pitfalls you'd recommend I watch out for, legal or otherwise when operating a crypto site. Perhaps specific terminology to avoid or things that may become a hinderence. 200btc bankroll capital should serve as enough to maintain playability at decently high volumes of users, should it not? I have a lot of resources, especially within advertising I'm willing to pool into this so I appreciate any advice greatly
Thanks aain for being so willing to inform me before I take further action.