Are Crypto Casinos Legal in Your Country?

Nowadays, crypto gambling sites operate internationally and they offer their services to a wide range of customers all around the world. However, due to the conflicting laws of both online gambling and cryptocurrencies in the world, some players are naturally confused about whether they are allowed to place bets and play casino games with digital assets.

Considering how rapidly the Bitcoin gambling sector moves and develops, it is of paramount importance that you understand the crypto gambling regulations in your country. Let’s walk you through everything you need from a legal point of view before you sign up at Cryptorush.

Key Laws and Regulations

When it comes to cryptocurrency gambling, you need to note two key elements. The first one is the legal status of cryptocurrencies themselves. There are some countries in the world, most notably China, that have placed total bans on crypto assets. So, as a result, there would be no point in talking about crypto gambling in the country if users cannot get their hands on digital assets.

Secondly, we must also be aware of the legality of online gambling platforms. Each country in the world will have its own regulatory framework—with the European ones having strict regulations surrounding online gambling.

However, the vast majority of countries in the world don’t have specific laws that cover online casino gaming, thus leaving the door open for offshore operators who don’t have their operations based in a specific country.

That way, international regulators such as the MGA and the Curaçao issue licenses to international gambling sites, which are also free to integrate crypto assets as payment methods.

Open for Interpretation

Well, there is no unanimous answer to the question of whether crypto casino sites are legal in the world. Even though the opinion of cryptocurrency gambling changes all the time, there is still no clear-cut answer to the question above.

There are no specific laws that regulate Bitcoin casinos, so we can say that it is neither legal nor prohibited in the world.

However, there is an increasing trend of countries in the world that adopt a more friendly and positive approach towards crypto transactions. On the other hand, most countries are still refusing to refer to Bitcoin as a real currency, so as a result, real money gambling laws would naturally not apply to it.

Issuing Crypto Gambling Licenses

Each gambling regulator in the world will have its own stance on gambling with digital currencies, but it seems that reputable crypto casinos around the world are mainly regulated by the Government of Curaçao, and there are good reasons for this.

Curaçao’s laws are a tad more flexible than what you will encounter in any other jurisdiction in the world. The licensing process is a bit more relaxed and what is more importantly – a Curaçao license allows Bitcoin gambling sites to operate all around the world, which is not often the case with traditional online casinos.

Key Countries and Their Crypto Gambling Laws

As stated beforehand, each country in the world will have different regulations for online gambling platforms that accept cryptocurrencies. Of course, we cannot go through them all here, but let’s walk you through a few examples so you know how versatile gambling laws can be.

USA

Let’s start with the US—a country where crypto trading is completely legal, but online gambling rules are not determined by federal law—instead, every state can constitute its own laws. As a result, residents in certain states cannot enjoy gambling services from local operators, but there are still numerous offshore operators that accept Bitcoin and allow users to play real money games.

UK

Crypto trading is legal in the UK as well, as is gambling online. The UK Gambling Commission is one of the most reputable regulators in the entire iGaming scene, so if a casino website is fully licensed by it, it can offer cryptocurrencies as payment methods for its registered users.

Nonetheless, note that UKGC-licensed online sports betting and gambling platforms must ask users to go through lengthy KYC processes, which contradicts the very nature of gambling with virtual currencies—anonymity.

Canada

Crypto gambling and trading are accepted in Canada, while the situation regarding online casinos is a bit more complicated. Sites need to be licensed at a provincial level, but the government doesn’t stop its users from playing casino games at offshore operators who accept crypto payments. As a result, Canadians are free to gamble online at crypto casinos, but they need to make sure to do so at reputable gambling platforms. Curaçao sites are the most widespread in Canada.

Australia

Finally, Australia also has a liberal approach towards crypto trading, but all forms of online gambling are strictly prohibited—apart from sports betting. The situation remains the same with cryptocurrency operators, as they are prohibited from offering services to Aussies, but residents in the country can bypass the legislation by using a VPN to mask their IP addresses.

Do Punters Need to Pay Crypto Gambling Tax on Gambling Winnings?

When it comes to gambling winnings with crypto, as one would expect, there is very little guidance from a tax perspective. Each country has its own guidelines and laws for crypto gambling taxes. For example, in the US, gambling winnings are subject to federal and state income tax, while the UK and Australia have made crypto gambling winnings tax-free.

Therefore, you must familiarize yourself with the taxation regime in your country before you start playing games with cryptocurrencies.

Using a VPN—A Powerful Tool for Accessing Bitcoin Casino Online Sites

So, even if the crypto online gaming site is not available in your country, you can still bypass these restrictions by using a VPN. A secure and reliable VPN can help you mask your IP address and location, thus giving you access to crypto gambling services you normally wouldn’t be able to reach.

Apart from hiding your location, using a secure VPN will provide you with an additional line of defense against viruses and malware.

Thankfully, Cryptorush is a VPN-friendly crypto casino, so you can always improve your security and bypass any unnecessary restrictions just by using a reputable VPN to register and play real money games.

Cryptocurrencies You Can Use for Gambling

If you are already keen on the idea of diving into the crypto gambling industry, you will be happy to know that you will get to use several cryptocurrencies for your gambling endeavors. Here are the most used ones:

• Bitcoin: The most used and popular crypto in the world that dominates the decentralized gambling industry as well. Some estimates say that over 70% of casino punters prefer playing at a Bitcoin casino compared to other crypto-powered platforms, which is a staggering number.
• Ethereum: Another well-renowned crypto payment method, which, due to its smart contracts functionality, offers much more transparency and faster and cheaper transactions than BTC. Therefore, it is no coincidence to see that ETH is the second largest token by market cap.
• Litecoin: Often referred to as Bitcoin’s baby brother, Litecoin has many similarities to BTC. It was originally created as an upgrade to Bitcoin. Litecoin has much faster transaction times and is more affordable due to the lower transaction fees.
• Tether: Not everyone may be fond of the market volatility of cryptocurrencies, so that leaves them with one option—Tether. This is a stablecoin that has its value linked to the US dollar, but it also has the same perks as any other cryptocurrency—fast transactions and anonymous payments.

KYC at Crypto Casinos

If you have played at casinos that only accept fiat money for transactions, then you are surely used to completing KYC procedures. These processes entail lengthy verification checks where you need to submit government and/or bank-issued documents to confirm your ID and age.

The reasons for that are quite obvious—prevent underage gambling, money laundering, and any other illegal activities.

However, players have grown fed up with these processes, as they can be very time-consuming and can leave a negative mark on their gambling activities. So, enter no-KYC crypto casino sites—operators that won’t require you to verify your ID, which creates a much smoother and private online gaming experience.

Besides enhancing the anonymity of users and improving the user experience, no-KYC cryptocurrency gambling sites cater to a wider range of users.

Many punters are drawn to the prospect of immediate crypto gameplay without needing to submit documents to verify their ID. Some of these punters are scared of data breaches and misuse of their personal information, so if you value privacy while gambling, you are at the right place!

Why Play at Crypto Casinos?

Crypto gambling sites come with a string of great advantages that casinos with traditional payment methods will struggle to even match:

• Faster Deposits and Withdrawals: There are no intermediaries in the process, so the transaction processing times are much faster.
• Many Supported Cryptocurrencies: You can play games with any digital asset, and such assets are available for purchase at various crypto exchanges in the world.
• Increased Accessibility: Cryptocurrency gambling operators are international sites, so chances are that you will be able to access them, regardless of your location.
• Anonymity: Finally, as there is no KYC process involved and crypto transactions are near-anonymous by nature, you will get to enjoy higher levels of privacy while playing online.

Crypto Online Gambling—The Future Looks Bright

With all of the above-mentioned in mind, it is easy to see why the appeal of Bitcoin gambling operators grows with each passing day. Enjoying fast, cheap, and near-anonymous transactions is the stuff of dreams for all punters online. Luckily, there is one place where you get to enjoy it all—Cryptorush Casino.

So, make sure to get all the necessary information about crypto gambling in your country, register at Cryptorush, and get access to hefty bonuses and play the latest games from the best providers!