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In a statement distributed to the media, Ivey, who is 40 now, said of the case: “Last November’s Court of Appeal ruling made no sense to me. All bitcoin deposits are converted to USD and automatically added to players’ balances.”According to some legal experts, the point at issue could have far-reaching implications as it deals with whether or not dishonesty is a necessary element for cheating at gambling....

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Your transactions will be processed over SSL encryption. Just navigate to a Bitcoin exchange like Coinbase and sign up, connect and verify your bank account, purchase bitcoin, and you are ready to deposit to your casino account. As more people warm up to the cryptocurrency more online casinos are offering it as an option for deposits and withdrawals....

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”According to some legal experts, the point at issue could have far-reaching implications as it deals with whether or not dishonesty is a necessary element for cheating at gambling. “Deposits are instantly credited and withdrawals are processed the very next business day following the approval of the withdrawal. In October 2014 the High Court denied him proceeds from the games which he won ...

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They contend that without an element of dishonesty there can be no cheating and Ivey should be paid.“Bitcoins are fast,” said WinADay Manager Michael Hilary.”The case has been in the UK courts since Ivey issued proceedings against Crockfords Club (Genting Casinos UK Ltd) in May 2013....

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Every 15 minutes the facility averages out the rate over the top three exchanges and updates the conversion rate for USD.”For those who don’t have a digital wallet yet, it’s good to know that the process is quite simple and only takes a few minutes to set up. The original trial judge ruled that I was not dishonest and none of the three Appeal Court judges disagreed, and yet the decision went against me by a majority of 2 to 1....