Post
Topic
Board Gambling
Re: Why they need a license if bitcon is not money?
by
Dr.Bitcoin_Strange
on 13/10/2024, 16:31:52 UTC
Bitcoin users are supposed to be anonymous, and crypto casino users should be as well.
The main reason for regulating casinos is consumer protection.
I disagree! The main reason for regulating anything by the government is for proper accountability (which includes legal/illegal outflow and
security) and taxation. If the protection of the consumer is the main reason for government regulation in casinos, casinos would fear more than they do. How many customers has the government helped so far?

You are right, mate, @EarnOnVictor. The reason why casinos is being regulated is not to protect consumers. If it was for consumers sake, then what have they been doing to help those addicted gamblers and in which way are they helping to promote the knowledge of responsible gambling? I believe that their main reason for regulations is tax collection and monitoring of money laundering issues.