Is Crypto Gambling legal?

December 21, 2021 Blockchain Industry Updates

You have probably heard the wonderful story about a guy who spent 10,000 bitcoins on pizza in 2010. Then it was only 25 bucks! Currently, one could buy a beautiful island off the coast of Florida for this amount of BTC, then use the remaining funds to build several high-end restaurants. Hopefully, that pizza was really tasty.

Bitcoin has become one of the most popular decentralized currencies in the iGaming industry today. However, the question of the legality of gambling with cryptocurrency in many countries remains open.

Operators who choose Bitcoin or any other cryptocurrency as their currency for their online casinos are often confused by conflicting facts and controversial decisions by the authorities.

Doing business legally is an understandable desire of all crypto operators. That is why the moment of licensing this type of casino is still actively discussed in the market.