Given the anonymous nature of bitcoin transactions, online gamblers are no strangers to it operations. Bitcoin gambling is increasingly growing at a full stream due to proliferation of both licensed and unlicensed online markets.
Nothing goes without mentioning that bitcoin has been the preferred currency for underworld online transactions, according to www.casino.org, leading offshore betting sites like Ignition, Bovada, and Slots LV readily accepts bitcoin due to its incognito status and relatively low transaction fee.
Save for China and Australia, Japan has become one of the leading destinations in online betting if the number of bitcoin casinos is anything to go by. As good as it may sound; Japan will need to quickly figure out ways to track bitcoin transactions at least to be able to ascertain whether lawfully being used.
Legalities & Regulations
Gambling in Japan is prohibited by the Criminal Code, Chapter 23 with several exceptions on betting on horse racing, public s...!DOCTYPE>