Quote from: stomachgrowls on September 02, 2022, 10:11:34 PM

Quote from: johhnyUA on September 02, 2022, 09:47:39 PM

Quote from: Hispo on September 02, 2022, 03:49:17 PM

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

We know that casino tokens whether it would really be just good for internal usage or into the platform itself.It is really just depending if those coins would be listed
on some exchange platforms then it shouldnt really be that an issue.Also if it do talks about regulation then it would really vary into each country whether they would
really be that strict or not.

If UK does have that particular regulation or rules then so be it but we know that not all corners of the world would be having on the same regulation according to things.
Therefore, behavior and actions into each casinos or companies might really differ.

I agree that mostly depends on the country, for example, many crypto currencies have been accused by the SEC for allegedly being unregistered securities.
If these cases are solved in favor of these crypto-companies, that would create a precedent for a casino to mint their tokens with no fear the SEC will come after them.

On the other hand in the case these projects tokens are indeed clasified as securities, then casinos still have the option to move their operations to countries which allow them to mint tokens with no problem, there are even countries which do not have mention of cryptos or tokens in their laws whatsoever, so there are grey zones casinos could find in the meantime as the consider even better places to move to.