Could Italy be the first country to ban anonymous crypto gambling?

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Oct 31, 2016.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    If you have any interest in crypto-currencies you will be aware that a new crypto-currency called Zcash launched on Friday. The first mined Zcash coins sold on Poloniex for in excess of 500 BTC, although the price has substantially dropped since then. The reason Zcash is garnering so many headlines is because transactions are completely anonymous. While many online gamblers think bitcoin is also completely anonymous, that is incorrect. Bitcoin is an open ledger where anyone can see every transaction every made on the blockchain, which makes BTC pseudonymous. However, the level of anonymity offered by BTC is sufficient for most sports bettors and poker players.

    Zcash transactions are 100% untraceable and guarantees anonymity for its users, which has made legislators in Italy a little nervous. In a move designed to coincide with the Zcash launch, 14 members of the Italian parliament proposed in a bill to outlaw digital currencies that are totally anonymous. If other countries follow Italy's lead then Zcash could be banned at regulated and licensed online gambling sites throughout the world. This comes at a time when regulators in the United Kingdom and the Isle of Man are finally beginning to warm to bitcoin as a banking option.
  2. Spud

    Spud Member

    how is zcash doing in terms of price? is this just another pump-and-dump or will it be around in the future?
  3. Humble Servant

    Humble Servant Active Member Staff Member

    Venezuela tried to ban bitcoin last week by shutting down the biggest Venezuelan exchange and all that happened was the number of sales skyrocketed.
  4. 2damoon

    2damoon Member

    this is so dumb. when will governments realise that prohibition doesn't work.
  5. uglymug

    uglymug Member

    The Italian banking system is crumbling. Two large banks, Banca Popolare di Vicenza and Veneto Banca, had to be bailed out to the tune of €17 billion as they were about to fail. Other Italian banks are going to implode soon so I think the Italian population is pretty soon going to learn the importance of bitcoin and the benefits of sound money once the bank-ins start and they lose a large chunk of their life savings.

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