Re: [PRESALE] Jarvis - Hybrid multi-asset exchange | DApp browser | Revenue token
I understand. Coming back to the gambling DApps. Do you know if Jarvis has to get a gambling licence in order to be allowed to run them on their site? Because I can imagine that - in case you need one - you should already start to apply for one because it might take time to get one granted.
I am not familiar with gambling licenses, malta was probably always first choice but lately there were some problems because of blockages of casino player funds at the SATA bank.
I not really understand what exactly this license is necessary for, which must be requested separately in the individual countries.
For example, if I get a license in Malta, can I run a server or a bank account there to deposit and withdraw client money or what do I need that license for?
In Switzerland the license will be used to ensure that the company complies with the rules, standards, security, prevention against misspending etc....
And so a tax levied in Switzerland, for players residing in Switzerland where the casino makes profits. In order to also protect unfair competition against casinos based in Switzerland that pay full taxes.
According to dubignyp's post also the country where the players residing can play a role.
From what Jarvis.Edge posted I understand that they won't need a licence because they are only offering P2P gambling and that they are only providing access to it and not doing them themselves. Aren't they kinda responsible for what will be offered on their site?
Yes we do not need license; a Dapp is basically a website; we just list website on ours, and in our app, so people can connect to these dapps from our wallet
If your website is the link to a dapp, I'd say you are still responsible and need to block countries that don't allow the use of this dapp