Bitcoin Casinos in Canada: Legalities & Regulations

Dec 26, 2017 Admin Regulation

Bitcoin has undoubtedly become the world first decentralized digital currency; it uses cryptographic techniques to ensure secure online transactions. Since its release in 2010, it has grown to be a leading player in online transactions and is rapidly gaining legitimacy across the world. USA, Canada, Australia, Iceland among others are actively involved in bitcoin trade. 

Among the more than 500 crypto-currencies available today, bitcoin still have the “first mover” advantage. Tax authorities and enforcement agencies worldwide are grappling with this phenomenon since its use has awakened the proliferation of online underworld activities like bitcoin casinos. This has been worsened by the fact that bitcoin is never issued, endorsed or regulated by any known commercial or central bank.

Just like their southern neighbors the USA, Canada has exhibited a rather bitcoin friendly stance since its release, laws have been enacted to ensure that crypto-currency are not used for money laundering p...

The Rise of Bitcoin and Other Cryptocurrencies in Liechtenstein

Dec 26, 2017 Admin Regulation

With the world finally realizing the immense technology that blockchain technology has, the use of bitcoin and other cryptocurrencies are on a rise. Countries like Germany, France, Sweden, Switzerland, and Finland have recognized the potential in the distributed ledger technology and embraced this technology and have incorporated it across various industries including, Banking, Healthcare, and various governmental establishments.

While bitcoin is the most commonly known and widely used currencies in most of the European nations, it is not the only cryptocurrency in the market. Other cryptocurrencies that are giving Bitcoin a tough competition are Dash, Ethereum, and Ripple. Dash’s main strategy is to give more privacy and offer more user-friendly options to its users. Ethereum is a cryptocurrency on which industries, that are involved in financial services have always had an eye on, mainly due to the automation options that this digital currency offers. Ripple is also a cryptocurrency that mainly co...

Legality And Regulation Of Bitcoin And Other Cryptocurrencies In France

Dec 26, 2017 Admin Regulation

The people of France are popularly known for a gamut of things. The eating of frogs, the Eiffel tower, the largest romantics, superb soccer skills and much more are popular iconic assets of France. Have you seen or imagine the appearance of the beautiful scenery of Paris? The truth is that bitcoin and other cryptocurrencies will not find it difficult to thrive in France. France is at the juncture of making a decision on how to control the initial coin offerings. Some positive hints about this decision have been leaked to some media sources for people to be aware. If your quest for French bitcoin exchanges and regulations? This article will help you discover some amazing hints about the freshest bitcoin rules in France. 

France Gets Closer To Bitcoin Regulation:

The latest report from the French Senate has been released concentrating on the kind of rules the government will adopt for bitcoin payments. The report stated that the bitcoin regulation policy is in the innovative stage. In a communiqu&ea...

Legality and regulation of Bitcoin around the world

Dec 26, 2017 Admin Regulation
Australia Estonia South Korea Germany Argentina Nigeria USA China

Nobody gave Bitcoin the chance to become as phenomenal as it is today. During its nascent days, there were doomsday warnings of how the cryptocurrency is going to crash. Fast forward to the present, and Bitcoins fortune has changed. It is the hottest topic in the financial world and with Blockchain disrupting the industry.

Of course, with this buzz around Bitcoin, governments and regulators have to take a look. Hence, to some, it was scary, and they banned it, to others, it’s better to keep a close eye while allowing market forces to regulate it, while to others, it’s better to rein this charging digital currency through regulation.

So, in this article we’ll examine the regulations and rules concerning Bitcoin around the globe and how it is affecting countries where Bitcoin is legal and illegal.


A new regulation came into effect in July 1st 2017 that will see the government treat bitcoin as ‘just money’ and this will definitely place it among taxable catego...

Bitcoin casinos regulation and licences

Dec 26, 2017 Admin Gambling

At times there is some confusion relating to the legal aspects of bitcoin, and other cryptocurrencies. This is mostly due to the fact that many countries have yet to accept bitcoin as a real currency. Consequently the legal framework on regulating them is not yet in place. 

But bitcoin casinos have found a way around such restrictions. They have or, can have, an in-house payment processing mechanism. They offer bitcoin wallets, and the player’s withdrawals and deposits. 

In addition, there are now technologies that are resistant to any censorship. The companies that have received the license to start such online gambling casinos believe that they are answerable only to the jurisdiction of the country or region from where they received the license, defeating the purpose of a ban on gambling as is applicable in the US.

 Licenses, and regulations, however, inspire confidence that there is a safety net to depend upon, and that there is a mechanism in place for addressing grievances. ...

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