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.
It's only the government that can regulate the system of gambling, i want to put to you that gambling can be regulated, but it's the gamblling platforms that can't fully regulates the platform, any gambling platform who claims that they are in one way to another way regulate gambling, they should give you a prove that gambling of that intend platform be regulate, the people who has the authority to control gambling is the particular country government
It is given that only the government has the authority to regulate the gambling industry since the government has the power to implement a ban or allow a gambling company in a country. Gambling platforms may choose the follow the regulation in order for the platform to have a smooth operation or they can choose to be rouge platforms where they do not abide by the authority although they have the license to operate.
Whenever you do build a business then expect that taxes would really be imposed or already automatically part of it which it would really be just typical or something normal.There's no way that you could avoid taxes
specially on business which do generate huge income or making huge revenue.When it comes to laws and regulations then expect that regulated or centralized platforms will really be following some sort of rules or
guidelines so that they would really be able to continue to operate and if not then expect on what would be the violations that will be imposed or something
that they need to pay off due into that violation which is something that they dont really like for it to happen.
It is given that tax is required for the business in order to continue to operate. If any business establishment failed to pay taxes, it will either be fined or shut down. Tax is the main income of the government so obviously, they will not fail to monitor and apply regulations to it in order to maximize their income. Unless the people behind the tax office is corrupt and let the business establishment to evade taxes in exchange of some pocket money from these establishment.