Last week, two Las Vegas casinos said that they would start accepting Bitcoins in their restaurants and shops. But to date, no Vegas casino will accept the alternative currency to gamble with—and, regulators say, not one has even asked to do so.
Why? Bitcoin appears to at least violate one of the tenets of gambling culture: casinos feel that it can’t be held in the hand. And even that answer ignores what may have been the real nail in the coffin: two prominent executives in the Bitcoin community were charged with money laundering on Monday.
Bitcoins exist both as a store of value and a digital currency, with prices in dollars varying dramatically over the course of days or hours. Last week, the D Las Vegas and the Golden Gate Hotel & Casino of Las Vegas joined Overstock.com, Zynga, and Virgin Galactic in selling retail merchandise via Bitcoin.
To read this article in full or to leave a comment, please click here Reported by PC World 15 hours ago.
Why? Bitcoin appears to at least violate one of the tenets of gambling culture: casinos feel that it can’t be held in the hand. And even that answer ignores what may have been the real nail in the coffin: two prominent executives in the Bitcoin community were charged with money laundering on Monday.
Bitcoins exist both as a store of value and a digital currency, with prices in dollars varying dramatically over the course of days or hours. Last week, the D Las Vegas and the Golden Gate Hotel & Casino of Las Vegas joined Overstock.com, Zynga, and Virgin Galactic in selling retail merchandise via Bitcoin.
To read this article in full or to leave a comment, please click here Reported by PC World 15 hours ago.