Is it legal to play games for Bitcoin?
If you're curious about the legality of earning Bitcoin through gaming, this article is for you. It’s a growing genre with plenty of games to choose from, so you want to be prepared. We’ll explore where and why Bitcoin gaming is legitimate, and highlight some important considerations when collecting Bitcoin rewards.
Disclaimer: This article is not legal advice and should not be considered as such.
Quick Facts:
Bitcoin gaming in the ZBD ecosystem is fully compliant with legal standards. At Roamer Games, we exclusively partner with ZBD because of their rigorous legal protocols.
Our games and ZBD's services are supported in numerous countries worldwide.
We adhere to all legal requirements to ensure the legitimacy of the funds within our games.
Bitcoin is considered money, so tax obligations apply – consult local authorities for guidance.
Where regulations exist, there are no concerns.
The Legal Landscape of Bitcoin Gaming
In the past, cryptocurrencies like Bitcoin occupied a legal gray area. It took some time for authorities to establish clear regulations. Today, Bitcoin is as accepted and regulated as traditional currencies like USD or EUR. This regulation is beneficial, as it ensures companies maintain high standards of security and accountability.
At Roamer Games, we aim to demonstrate our commitment to being a reputable business by achieving full regulatory compliance wherever we operate globally. You don’t have to take our word for it – we only partner with ZBD, who strive to gain official approval for distributing Bitcoin and providing a secure app for storing it. ZBD is also an effective means to ensure that games actually payout their rewards.
Where Can You Legally Play Games for Bitcoin?
While many places welcome Bitcoin gaming, some countries still have restrictions. In these regions, we can’t yet offer the benefits of Bitcoin gaming.
Treat Bitcoin like regular money:
Tax Compliance: Just as you wouldn't evade taxes on your property, belongings, or income, the same applies to Bitcoin. If you earn significant amounts, the government may impose taxes on your Bitcoin income. It's advisable to consult local authorities to understand your tax obligations and how to handle Bitcoin transactions.
For most of our games, the earnings are typically small amounts that accrue after conquering dungeons or crashing planes. However, if you’re a professional gamer earning a substantial income, it's essential to check with local authorities about any tax requirements.
Playing to Earn
Playing Bitcoin games within the ZBD and Roamer Games ecosystem is legal in all the countries where we operate. Always ensure you follow local regulations and tax requirements to stay on the right side of the law.