Cryptocurrency is actively used in various sectors of the economy: finance, insurance, logistics, real estate, and tourism. Digital money has had a significant impact on the gambling niche as well. At the end of 2020, more than 50% of new Blockchain projects were gaming sites.
It is an excellent and timely decision to order a Bitcoin casino script and launch a profitable web gambling platform.
Employees of our company will help you to understand all the peculiarities of BTC business licensing in prestigious jurisdictions. Smart Money offers its clients to purchase a turnkey Bitcoin casino that already has a necessary permit and a powerful gambling system.
The development of a Bitcoin platform is based on a Blockchain system that contains information about billions of transactions all over the world. Data is stored in special cells — hash blocks — which form the global network.
Anyone can view the history of transfers but nobody can change or delete the contents in the cells. All information is encrypted using cryptography. Specifically, for Bitcoins, the SHA-256 mathematical algorithm is used, for Litecoins — Scrypt, and for Ethereum — Ethash.
Let us consider the key benefits of the decision to buy a Bitcoin casino:
The activity of any Blockchain business, including cryptocurrency projects, does not depend on the policies of government agencies, tax authorities, and interbank associations.
For stable work, entrepreneurs only need to create a BTC wallet and make sure that gamblers also have one
High speed of transactions
As a rule, transfers are made directly between the online casino and its clients, bypassing numerous intermediaries (banks and regulatory authorities).
All this reduces the time for crediting funds since it is possible to make a deposit or pay out winnings in BTC in just 2–3 minutes
Money transfers with no commission fees
The use of a cryptocurrency casino script significantly reduces the cost of financial transactions. Businessmen work without commissions for opening and maintaining accounts, verifying transactions, and managing chargebacks
High level of security
The decision to operate based on Blockchain is a guarantee of instant and secure payments. All data is encrypted using the SHA-256 mathematical model, and there are also virtual keys for accessing BTC wallets
Good feedback from gamblers
Players choose a Bitcoin casino solution because of the possibility to control the honesty of the results.
Gamblers can be confident in the fairness of the outcome of each game session and do not need to use external programs to check the validity of the results
Excellent growth prospects
The future of the gambling industry is associated with Blockchain projects.
Many entrepreneurs have already appreciated the benefits of the Bitcoin casino software and its profitability
Business owners can easily start a Bitcoin casino by opening a BTC wallet and installing several popular slot machines. Some difficulties may arise only when it is necessary to declare income received in digital funds.
There are 2 options: exchange Bitcoins for fiat money or show the profit earned in crypto tokens. In both cases, it is important to consider the legal status of virtual assets in a particular jurisdiction.
The leading countries have long appreciated the advantages of using digital money. Thus, China and India are planning to release their currency, which will replace both Bitcoin and the US dollar in the future. Other states have partially or completely legalised the use of such a type of funds, which facilitates the implementation of business projects based on Blockchain technology.
Currently, the legal status of digital assets is fixed in 94% of countries but there is still no unity in the global legislative practice. The main difficulty is diametrically opposite approaches to the Bitcoin valuation.
Jurisdictions interpret the nature of cryptocurrency differently, calling it:
When searching for a Bitcoin casino for sale, operators should focus on the region of distribution of gambling entertainment. Another important step is the refinement of the iGaming project depending on the specifics of local legislation in the selected country.
Crypto tokens entered the local legal field on January 1, 2021. The corresponding bill has been in the adoption stage since 2015. The deputies made changes, then returned the document for revision and consulted with business representatives.
Highlights of the law on digital assets:
The legalisation of cryptocurrency in Russia is an important milestone in the development of the country's digital economy. However, the law still needs some refinement.
Thus, the work of miners remained outside the regulation. The ban on paying with Bitcoin for the purchased goods and services received also causes certain difficulties.
In the CIS region, the status of digital assets is defined in almost all countries, except for Moldova and Kazakhstan. In Moldova, the issue of the legal circulation of cryptocurrency was not even raised at the legislative level, and in Kazakhstan, the use of Bitcoins and other tokens is strictly prohibited.
Let us consider how the digital currency environment is regulated in other CIS countries:
It was one of the first in the world to legalise BTC, comparing it with an alternative monetary unit. All cryptocurrency operations are allowed by the government, including mining, exchange, and payment for goods and services.
An undeniable advantage for those entrepreneurs who are planning to start a crypto casino in Estonia is the loyal fiscal policy.
Transactions of this type are not subject to VAT and income tax, and the entire financial burden falls on the end user: the gambler. Estonians pay 7% of the won prizes, and players from other countries — depending on the legislation in their jurisdictions.
It is worth noting that the circulation of digital currencies has not always been so cloudless. Until 2019, more than 500 crypto companies were operating in the country that conducted transactions all over the world. In 2019, after the international scandal with Danske Bank (with money laundering for about 200 billion dollars), the local government tightened the legislation.
Before buying a Bitcoin gambling script in Estonia, operators will need to obtain 2 licences:
This country is the largest provider of IT services in the European market, so it is not surprising that the circulation of Blockchain assets is legal here.
The main points of the Decree about the development of the digital economy, which was adopted in 2017:
The only controversial point is the ban on gambling in the country. Currently, only BTC casinos with a domain address in the .com zone are allowed to provide services.
The Digital Assets Bill is in the final stages of development. In April 2021, the Verkhovna Rada adopted the document in the first reading, and a second vote took place in early September.
It was important for the committees to study the new requirements of the FATF. International anti-money laundering rules are advisory but transnational companies and enterprises with foreign capital need to take them into account.
Today, operators can connect a crypto casino script to work with a .com domain address. Moreover, all types of casino entertainment with settlements in hryvnias are allowed in the country. Businessmen can launch virtual locations, betting shops, and poker rooms.
From Smart Money, you can buy a profitable Bitcoin casino on a turnkey basis. This is a ready-made project with a wide range of elements: a catalogue of dynamic video games, a CRM system, reliable payment tools, etc.
Just choose the jurisdiction where you want to provide services, and we will help you with licensing and the resolution of legal issues.
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