Cryptocurrency Q&A
Are there any crypto-specific gambling licenses?
Are there any crypto-specific gambling licenses?
CryptoEnthusiast
Sun Jun 23 2024
|
6
answers
999
Could you elaborate on the existence of crypto-specific gambling licenses? I'm curious to know if there are any regulatory frameworks or licenses specifically tailored for the crypto gambling industry. With the rise of decentralized gambling platforms and cryptocurrencies, it seems there could be a need for specialized regulations. Do you know if any jurisdictions have introduced such licenses, and if so, what are the key requirements and benefits for operators? Clarifying this matter would greatly aid in understanding the legal landscape surrounding crypto gambling.
Previous
Is trade Republic a good platform for cryptocurrency trading in Germany?
Next
Did stablecoins grow in dominance in 2022?
6 answers
Riccardo
Tue Jun 25 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services including spot trading, futures, and digital wallets.
Was this helpful?
184
69
Ilaria
Tue Jun 25 2024
The stance on gambling with crypto varies among different gambling commissions.
Was this helpful?
70
69
Maria
Tue Jun 25 2024
For instance, the UK Gambling Commission has demonstrated a non-discriminatory approach towards fiat and crypto payments.
Was this helpful?
131
48
Maria
Tue Jun 25 2024
Their licensees are expected to adhere to the same regulations regardless of the payment method used.
Was this helpful?
229
37
HallyuHeroLegend
Tue Jun 25 2024
This suggests that gambling operators utilizing cryptocurrencies are still subject to the same rigorous oversight and compliance requirements as those using traditional fiat currencies.
Was this helpful?
181
27
Load 5 more related questions
