Post
Topic
Board Gambling
Re: Regulations & Gambling projects
by
qwertyup23
on 17/10/2022, 15:25:54 UTC
When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

With toleration comes regulation by the government. Bearing this in mind, the government might implement some sort of taxing scheme where they could either tax your gambling winnings or the online gambling website itself. Expect these gambling websites to be more strict when it comes to KYC.

In the Philippines, our local exchange has become very stringent to the point that it asks for extra KYC documents in order to use their features. In addition, they can also lock your BTC wallet if they discover that you receive funds coming from an online gambling website.

With your question OP, expect that the TOS of these gambling websites to include certain prohibitions and regulations due to the implementation of the government of taxing laws.