Bitcoin is immune to certain regulatory restrictions
since bitcoin gambling sites don't need to apply the same regulatory framework that traditional gambling sites need to follow.
Not exact matches
First off, this decision is going to affect the online
Bitcoin gambling companies in Spain big time,
since they should now apply for licenses in order to continue their operation in Spain.
Since bitcoin is new to the regulated
gambling industry in Europe, we've worked closely with NetBet to ensure that the addition of this new payment method meets their existing UK Gambling Commission regulatory requi
gambling industry in Europe, we've worked closely with NetBet to ensure that the addition of this new payment method meets their existing UK
Gambling Commission regulatory requi
Gambling Commission regulatory requirements.
The former
Bitcoin gambling website has
since shifted to accept only
Bitcoin Cash, which it described as the «true to the original spirit of Satoshi vision for a peer to peer electronic cash system.»
Since payments are made through a pseudo-anonymous
bitcoin wallet address, players can choose to remain anonymous when
gambling.
Bitcoin has proven to be an effective tool in ensuring that online
gambling operators will reliably deliver services to their customers, especially
since governments around the world have been blocking website domains or targeting operators» access to traditional payment processing channels in a bid to prevent these merchants from accessing their markets.
BetKing.io was launched in April 2013 (formerly Pocket Rockets Casino) and
since became a trusted and popular
Bitcoin gambling website allowing crowdfunded investment in the house bankroll.