What license is needed for 100% crypto casino?

I’m about 35. Recently married. Earned huge social capital.

But I’m eager to run a legal cryptocasino, and I have no clue how to do that.

This is a confession we heard many times. Since crypto became a mainstream tool, more and more entrepreneurs want to run a casino that totally or partly uses crypto. 

To begin with, doing that legally is possible. Many jurisdictions are crypto-friendly and issue licenses even for totally crypto-based projects. 

But in the fast-changing industry there is always a chance that a regulator will change the law or hike taxes by 20% next year, for crypto projects in particular. From this perspective, stability becomes the ultimate luxury. 

Here is the catch: in the search for "stability," many founders get lost in a sea of offshore jurisdictions. You’ve probably heard names like Anjouan, Kahnawake, and if you are our long-term follower you might even have heard about Nevis, Tuvalu and Liberia. 

All of these jurisdictions are completely crypto-friendly.

Anjouan is a famous “budget king” with zero GGR tax. Kahnawake is the veteran, with over 25 years of history and a stable regulatory environment that banks actually respect. Nevis offers more prestige than a standard offshore choice and has a solid framework for digital assets. Tuvalu and Liberia are the new challengers modernizing their laws to attract the "next wave" of crypto-native platforms.

It seems your crypto casino dream may come true. You just need to pick any of these jurisdictions and start the application process. The problem is that they are not created equal.

A license that costs €15,000 might look like a bargain today, but if no reliable PSP touches it, that "bargain" becomes a €15,000 paperweight. What works for a small p2p betting startup in LatAm with an Anjouan license will lead to a total banking "freeze" for a high-volume casino aiming for the EU market.

The reason why you do not see thousands of crypto casinos is that founders choose a jurisdiction based on the price tag, only to find out six months later that they can’t open a corporate account or integrate the games they want.

At MGL, we don’t let you guess. We’ve consulted over 700 operators in the last few years. We know which “crypto-friendly” regulators are actually responsive and which ones will leave you hanging when the laws change. 

Book a 15-minute call with us to start with a confidential case review. We’ll look at your business objectives, your target markets, and your budget to find the exact fit.