We help our clients with their Bitcoin casino licensing needs. If you own a Bitcoin casino or want to start one, then look no further, we can help you with your bitcoin casino licensing requirements as well as bitcoin hosting and related technical needs.
About bitcoin casino licensing
There is no difference between a traditional gambling license, for fiat currency casinos, and a license for a Bitcoin casino. What differs is the operation of the casino. With a traditional casino, you need your license to get a bank account, credit card processing, e-wallets etc. Without the license, financial institutions are not going to work with you.
We work with two jurisdictions for licensing, Malta and Curacao. Curacao is more an entry level gambling license which companies use for secondary markets and Malta is more a “blue chip” type license used to target Europe. Bring your Gold bars if you want a Maltese gambling license for your Bitcoin casino.
Do I need a Bitcoin casino license?
If you want to offer your clients security that you are a legitimate company, then yes you do need licensing.
If however you genuinely can not afford to get a license then perhaps look at partnering with GamblingTec.com which is a company working with small start up casino operations.
If GamblingTec.com is out of your budget then at the very least host your casino in a gambling friendly casino as you will be asking for trouble otherwise.
We have heard the arguments that Traditional casinos are controlled via banking relationships which is governed by the gambling license. Casinos that are not licensed can not accept payments as the banks will either freeze funds or refuse to move those funds. Clearly with Bitcoin based casinos, this is not an issue since Bitcoin is decentralised so you can run a casino without a license and there is not much that any authority can do to stop you. Will customers use your casino over someone elses? Some will and some wont…
Curacao legislation fully supports Bitcoin casinos with a few provisions one of which is that you may not act as a cryptocurrency exchange. So if a client deposits Bitcoin, they must play their games in Bitcoin.
What does Bitcoin casino license cost?
To provide a very brief answer. For Curacao you will spend around €30k in your first year. And for Malta, a LOT more.
Get in touch to discuss your Bitcoin casino licensing needs
We have extensive experience with licensing and company structures. It costs you nothing to start a conversation over Skpe of Email. In a single conversation we can advise you on all the options (we have heard them all and can support most of them).