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I ended a piece in which I compared the cryptocurrency with 17th-Century Dutch tulips or London houses in the 1980s with this thought: "Unless and until Bitcoin can be used to buy a sandwich, or be accepted by your friends when you pay them back for a restaurant meal, then it is likely to remain just a playground for geeks and gamblers." Leave your review Are bitcoin casinos legal?It really depends on the jurisdiction you’re in. In most cases the correct answer to this question will be that bitcoin casinos are NOT illegal. The laws regarding crypto are changing rapidly, usually they go in the favour of crypto as governments start to recognize the benefits of embracing crypto. Even if gambling is outside of the scope of local law the regulator almost never goes after the player but chooses to go after the provider of gambling services.
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New! Olive Oil & Caviar Learn the positive and negative aspects of using cryptocurrency to gamble with at online casinos. Canadian regulations are still trying to catch up to cryptocurrency, said Beitchman: around three years ago, there was essentially no regulation, but in June 2021, crypto exchanges will be officially considered money-services businesses, meaning they’ll be subject to the same oversight as other MSBs.




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