1. #1
    Hareeba!
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  2. #2
    Domestic
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    There's no denying it is certainly easier to do with bitcoin than with fiat.

  3. #3
    bilbaobaggins
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    Interesting article hareeba! But to me it seems a bit vague / lacking knowledge (unless I'm missing something regarding bitcoin). It states an athlete could open accounts anonymously - yes if he had access to other people's passports / documents. Just because bitcoin is anonymous, doesn't mean the account holder would be anonymous. They would still need to conform to KYC verification otherwise bitcoin gambling would be illegal surely?

  4. #4
    Domestic
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    Quote Originally Posted by bilbaobaggins View Post
    Interesting article hareeba! But to me it seems a bit vague / lacking knowledge (unless I'm missing something regarding bitcoin). It states an athlete could open accounts anonymously - yes if he had access to other people's passports / documents. Just because bitcoin is anonymous, doesn't mean the account holder would be anonymous. They would still need to conform to KYC verification otherwise bitcoin gambling would be illegal surely?
    I could go ahead an open a dozen different accounts at a bitcoin book like Nitrogen and they would never even know if I lived in Iceland or Egypt. No need to supply verification in order to withdraw. This is why I can't believe so many US bettors still bang their head against a wall paying outrageous withdrawal and West Union fees when an alternative exists.
    Last edited by Domestic; 08-01-14 at 05:54 AM.

  5. #5
    bilbaobaggins
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    Quote Originally Posted by Domestic View Post
    I could go ahead an open a dozen different accounts at a bitcoin book like Nitrogen and they would never even know if I lived in Iceland or Egypt. No need to supply verification in order to withdraw. This is why I can't believe so many US bettors still bang their head against a wall paying outrageous withdrawal and West Union fees when an alternative exists.
    Wouldn't that make bitcoin books illegal then?

  6. #6
    Hareeba!
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    Quote Originally Posted by bilbaobaggins View Post
    Wouldn't that make bitcoin books illegal then?
    Illegal?

    ummm, in the eyes of Uncle Sam, aren't all bookies online illegal anyway?

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