Many people, including some of the largest banks and investment companies, are asking the question “Bitcoin Casino Legal or Illegal?”. What is a “Bitcoin Casino Legal” you ask? Is it legal to wager your money on the Internet and if so how?
A “Bitcoin Casino Legal” depends on how much you know about virtual money and what you do with it. The first thing to know is that when you go to a casino you are basically playing on the virtual land. Your virtual money is backed up in an electronic system, the “blockchain”. When you place a bet, you are literally betting on what is on the land. This is very similar to gambling on the virtual land in Las Vegas.
However you do not need to be on the virtual land to play any form of virtual money gambling. You can play using the virtual land if you wish. It is not an “offline” casino and does not need to be licensed in any way.
The question of whether or not you can legally gamble online is something that the financial industry is concerned with and has an agenda to promote. They see the Internet as a way to get around the laws that govern gambling. It is true that there are many “offline” casinos that still allow you to gamble, however they are usually the big boys. These types of casinos are the ones who will not tell you the truth about “Bitcoin Casino Legal” and just want to take your money.
If you visit an online casino, it will tell you that you can bet your money and that they are licensed to do business in the state or county in which you live. If this is the case, then you should go ahead and do it. If you do not know that information, then it is probably best to stay home and play your games at a casino online.
It is easy to get a hold of information about whether or not the virtual “money” that you are betting on is actually legal and whether or not it is gambling. All that you have to do is look it up in Google. In fact, the information is even easier if you search for the keyword phrase “Bitcoin Casino Legal Or Illegal? “.
In order to gamble online, it is not necessary to be a member of an online casino to play for virtual money. You can simply register with a poker room or a real casino and let them know that you are interested in playing virtual money. Most of the time the virtual poker rooms will provide you with a virtual account for you to sign up with so that you can deposit some money into it.
The answer to whether or not you can legally gamble on “Virtual land” is one that depends on your jurisdiction and the rules that govern gambling in that particular area. If you are serious about playing this virtual money you should really do your homework. If you have any doubts you should ask the people you trust about whether or not it is legal in your area. If they tell you yes then you can proceed and play your games.