Post
Topic
Board Gambling
Re: Why they need a license if bitcon is not money?
by
Fortify
on 14/04/2024, 20:04:52 UTC
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.

Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...

Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?

Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else.  And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.

You seem completely clueless about how the industry works and who is actually making billions of dollars. Curacao is just selling licenses and probably making in the tens of thousands a year per casino, they are not involved in channeling the casino money in any way and that is an entirely distinct part of the operation that they have zero influence over. None of the casinos are sending money through this tiny island in any format and the government there does not wash money as you strangely think. The license is way for these casinos to claim jurisdiction in one location so they are not susceptible to certain regulators in other countries, but your anger is certainly misguided and you should do more research before making bizarre claims like that.