In recent years, the number of casinos accepting digital money as an alternative payment method has increased significantly.
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The online gambling industry's use of blockchain and cryptocurrency technologies greatly simplifies the gambling business operation.
It's been happening because the geographical location of the parties making crypto transactions does not matter, unlike the movement of fiat funds. Therefore, you can use transparent tariffs and commissions for players, in your online casino.
Also, gamblers consider blockchain in a casino a more reliable guarantor than basic software verification by a regulator or international certificates. Blockchain can bring safety in your casino to a whole new level. It can make the gambling business transparent and protected from fraud.
In other words, any blockchain-licensed casino can provide its players with a unique honesty control system.
But despite all the advantages, only a few online casinos use blockchain technology. Thus, we will happily help you create such a project from scratch or transform your existing platform into a full-fledged crypto-casino.
What license to choose to start your blockchain casino?
There are licenses allowing you to run your online casino on blockchain, and we can recommend you some of the best options.
Sublicensing
CURAÇAO GAMING LICENSE
Curaçao license gives you the right to operate business worldwide except for Curaçao, Belize, the UK, the USA, Germany, the Netherlands, France, and Singapore.
One license covers all gaming-related activities. Examples are game providers, software developers and providers, operators, sports betting, online casinos, bingo, online poker, sports competitions, live games, scratch cards, and other gambling.
The offer includes:
Pre-license filing
Company registration in the name of our representative
Registered office (1-year contract)
License issuance
Terms: approximately 2 months
Required documents
Proof of domain ownership
up to 2 URLs
Information about used software
contract with game provider/ RNG
Working website
up to 2 URLs
KYC
Documents for the founders
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Sublicensing
GAMBLING LICENSE IN THE ISLE OF MAN
The Isle of Man license covers all of the following activities
P2P games (like poker and bingo)
Сasino games, including slots
Live dealer games
Betting platforms
Financial exchanges
Binary options
Cyber sports betting
Lotteries, including messengers and resellers
Mobile, desktop, and tablet versions
Requirements
Gambling fees are calculated based on profits, and they range from 0.1% to 1.5%
It’s required to have a local Isle of Man office
It’s required to have at least 2 local directors
It’s required to have a local MLRO officer
Timing: Approximately 3 to 4 months after application
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COSTA RICA
registration of a local company with the ability to operate without a license
There is no legislation regulating gambling activities in Costa Rica or a regulatory body with a licensing function. It means that gambling does not require a special license; you just need to register a local company.
Required documents
Package of documents for the company’s founders
passports, proofs of addresses, etc.
KYC
Term of company registration — approximately 3-4 weeks.
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