Australia Banning Bitcoin

bebo67

Ueber Meister
PABnonaccred
MM
Joined
Jun 22, 2013
Location
Ontario Canada
Just giving heads up, nothing has been officially confirmed yet, but it just " broke" in the bitcoin community that Australia will be banning it.
 

fourwood

Newbie member
PABnonaccred
Joined
May 25, 2011
Location
UK
I have no skin in the game, but does it not stand to reason to make crypto money stronger if banks/establishment are seeing them as a threat.

stopping transactions from fiat to crypto mean the crypto has more use as a currency on its own rather than speculation.
 

Mr Wild

Senior Member
Joined
Mar 10, 2015
Location
Malta
Australians should just open an account with Entropay. There you get a virtual VISA card which is registered in Malta which you can deposit and withdraw from. Its very popular in Norway where they also have problems with payments to casinos. It works as a normal VISA, the money on your VISA is stored on an e-wallet.
 

azzagirt

Full Member
Joined
Apr 20, 2011
Location
Great Southern Land.
Just giving heads up, nothing has been officially confirmed yet, but it just " broke" in the bitcoin community that Australia will be banning it.

Thanks for the tip. Now I understand why I'm having trouble with ewallet registrations.

I just blew 1500 au at Videoslots because they have no way of paying me now. Deposited 50.00 ten days ago at VS and worked that up to 500 and tried to withdraw but suddenly without notice they had removed the skrill button as they stopped me doing bank transfers about a month earlier and my Visa card bank (anz)will not allow casino deposits. So my only alternative is Bitcoin. But here's the problem, I don't have a bitcoin account so back and forth emails from VS support they had said get a bitcoin account so I successfully opened a Blockchain account but can't get verified with Cubits as they don't accept Australian passports as id. The webcam chat verification was closed after he saw my aussie passport and they have not responded to two tickets of inquiry, as how to get verified but just completely ignored getting back to me. So I can't purchase bitcoins to fund my casino playing money.
So with my 500.au I can't withdraw I just decided it was dead money already to me but over the next 5 days it increased to 1500. au with no hope of cashing out so I just went ballistic on much higher bets and lost the lot, well now I don't have the problem of trying to withdraw it but rather angry that Videoslots couldn't find a solution to paying me.
After all I play allot there sometimes depositing up to 500 au per week over the year and half I've played there.

Bottom line is no point depositing anymore if I can't get paid should I win. I love VS and am annoyed and angry with the nanny state government dictating how and where I spend my money. So my 50. deposit turned into a 1500. loss with no cashout method.

Ps bebo67 do you have a link where I can read the article.
 

mina1929

Meister Member
Joined
Jun 13, 2015
Location
Universe
Thanks for the tip. Now I understand why I'm having trouble with ewallet registrations.

I just blew 1500 au at Videoslots because they have no way of paying me now. Deposited 50.00 ten days ago at VS and worked that up to 500 and tried to withdraw but suddenly without notice they had removed the skrill button as they stopped me doing bank transfers about a month earlier and my Visa card bank (anz)will not allow casino deposits. So my only alternative is Bitcoin. But here's the problem, I don't have a bitcoin account so back and forth emails from VS support they had said get a bitcoin account so I successfully opened a Blockchain account but can't get verified with Cubits as they don't accept Australian passports as id. The webcam chat verification was closed after he saw my aussie passport and they have not responded to two tickets of inquiry, as how to get verified but just completely ignored getting back to me. So I can't purchase bitcoins to fund my casino playing money.
So with my 500.au I can't withdraw I just decided it was dead money already to me but over the next 5 days it increased to 1500. au with no hope of cashing out so I just went ballistic on much higher bets and lost the lot, well now I don't have the problem of trying to withdraw it but rather angry that Videoslots couldn't find a solution to paying me.
After all I play allot there sometimes depositing up to 500 au per week over the year and half I've played there.

Bottom line is no point depositing anymore if I can't get paid should I win. I love VS and am annoyed and angry with the nanny state government dictating how and where I spend my money. So my 50. deposit turned into a 1500. loss with no cashout method.

Ps bebo67 do you have a link where I can read the article.

Hi azzagirt

I have Coinjar where I buy bitcoin, its Australian focused and then I transfer it to Blockchain.

Coinjar is good but you have to buy bitcoin by paying with Bpay they will send you all info after verifying you.

I have won at Videoslots withdrew to Blockchain and then to Coinjar from Coinjar to my bank which only took about 2 days :)

I hope this helps, if you have any questions feel free to ask as I am new to Bitcoin as well I am still learning :)
 

azzagirt

Full Member
Joined
Apr 20, 2011
Location
Great Southern Land.
Hi azzagirt

I have Coinjar where I buy bitcoin, its Australian focused and then I transfer it to Blockchain.

Coinjar is good but you have to buy bitcoin by paying with Bpay they will send you all info after verifying you.

I have won at Videoslots withdrew to Blockchain and then to Coinjar from Coinjar to my bank which only took about 2 days :)

I hope this helps, if you have any questions feel free to ask as I am new to Bitcoin as well I am still learning :)
Thanks heaps mina1929.
I'll try an account at coinjar if they haven't by now banned aussies. I'll update. :)
 

Mr Wild

Senior Member
Joined
Mar 10, 2015
Location
Malta
Thanks for the tip. Now I understand why I'm having trouble with ewallet registrations.

I just blew 1500 au at Videoslots because they have no way of paying me now. Deposited 50.00 ten days ago at VS and worked that up to 500 and tried to withdraw but suddenly without notice they had removed the skrill button as they stopped me doing bank transfers about a month earlier and my Visa card bank (anz)will not allow casino deposits. So my only alternative is Bitcoin. But here's the problem, I don't have a bitcoin account so back and forth emails from VS support they had said get a bitcoin account so I successfully opened a Blockchain account but can't get verified with Cubits as they don't accept Australian passports as id. The webcam chat verification was closed after he saw my aussie passport and they have not responded to two tickets of inquiry, as how to get verified but just completely ignored getting back to me. So I can't purchase bitcoins to fund my casino playing money.
So with my 500.au I can't withdraw I just decided it was dead money already to me but over the next 5 days it increased to 1500. au with no hope of cashing out so I just went ballistic on much higher bets and lost the lot, well now I don't have the problem of trying to withdraw it but rather angry that Videoslots couldn't find a solution to paying me.
After all I play allot there sometimes depositing up to 500 au per week over the year and half I've played there.

Bottom line is no point depositing anymore if I can't get paid should I win. I love VS and am annoyed and angry with the nanny state government dictating how and where I spend my money. So my 50. deposit turned into a 1500. loss with no cashout method.

Ps bebo67 do you have a link where I can read the article.

Open an account with Entropay and you can do VISA withdrawals.
 

illu88

Dormant account
Joined
Dec 21, 2016
Location
Aachen / Germany
The BannHammer is "Out of Control" in your country I guess :eek2: when i see the News the latest Weeks !!!

May be the BannHammer gets now also a Australian Nationality + ID so he can t get lost :D
 

mina1929

Meister Member
Joined
Jun 13, 2015
Location
Universe
Australia is not banning Bitcoin they just going to be regulated.

This is what I got from ABC news from October 24th

  • New laws part of Government's efforts to combat money laundering and terrorism financing
  • AUSTRAC would be given new powers to monitor digital currency exchanges
  • These exchanges would be required to identify customers more stringently and report suspicious transactions
 

SpinUk

Meister Member
PABnonaccred
MM
Joined
Oct 10, 2012
Location
London
Look at the way its being relayed by the Australian Banks, its clear there is no formal legislation in place to justify freezing the accounts, they are just chancing their arm (and blatantly acting under Government instruction) awaiting legislation to come into place - watch this space. I dont know why the public there (and some of the Bitcoin wallet portals) dont pool together some resources and mount a formal legal defense - its outrageous.

Too many powerful bodies that monopolise the economy feeling threatened there. The same happened with the online Casinos to protect the cronyism of the landbased casinos that have dominated gaming there for decades. Canada’s gone down the same route already for the same reasons.

Disgrace.
 

bebo67

Ueber Meister
PABnonaccred
MM
Joined
Jun 22, 2013
Location
Ontario Canada
Look at the way its being relayed by the Australian Banks, its clear there is no formal legislation in place to justify freezing the accounts, they are just chancing their arm (and blatantly acting under Government instruction) awaiting legislation to come into place - watch this space. I dont know why the public there (and some of the Bitcoin wallet portals) dont pool together some resources and mount a formal legal defense - its outrageous.

Too many powerful bodies that monopolise the economy feeling threatened there. The same happened with the online Casinos to protect the cronyism of the landbased casinos that have dominated gaming there for decades. Canada’s gone down the same route already for the same reasons.

Disgrace.
I remember when I first started online, one of the wallets took Canadian Banks to court for the exact reason and they won. I agree, people should be fighting back!
 

azzagirt

Full Member
Joined
Apr 20, 2011
Location
Great Southern Land.
SpinUk, It's getting worse here. Would like to oppose the new bans on this and that but wouldn't know where to start.

Thanks bebo67 for the link. Turdbull is an ex investment banker, a master of manipulation. No-one voted him in he stole it from Abbott.

mina1929 Iv'e opened an account with coinjar just now waiting to confirm secret deposits to confirm bank details. :) And I have an account with Blockchain also. Just need another win so I can test it all out.
 

LoopsterAU

Experienced Member
MM
Joined
Oct 17, 2015
Location
Melbourne, Australia
Do you need to deposit to Videoslots via bitcoin before they allow it as a withdrawal option ?

I managed a withdrawal a couple of months ago from Joe Fortune to a GreenAddress bitcoin wallet (no ID required on the green address wallet). I had never deposited via Bitcoin at this casino prior to this withdrawal.

From there I deposited to my Neteller via Bitcoin and requested a withdrawal to my bank account from Neteller with no issues.

I believe the ID is required to purchase bitcoin using AUD though when using exchanges which is where you seem to have ran into the problem you have.
 

azzagirt

Full Member
Joined
Apr 20, 2011
Location
Great Southern Land.
Do you need to deposit to Videoslots via bitcoin before they allow it as a withdrawal option ?

I managed a withdrawal a couple of months ago from Joe Fortune to a GreenAddress bitcoin wallet (no ID required on the green address wallet). I had never deposited via Bitcoin at this casino prior to this withdrawal.

From there I deposited to my Neteller via Bitcoin and requested a withdrawal to my bank account from Neteller with no issues.

I believe the ID is required to purchase bitcoin using AUD though when using exchanges which is where you seem to have ran into the problem you have.
At VS I can deposit by M/C and chat assured me I can withdraw to Bitcoin. Just waiting to try. Might be today :)
 

azzagirt

Full Member
Joined
Apr 20, 2011
Location
Great Southern Land.
Update,
as I don't see an edit button now for my previous post.
I have been made aware I was given the wrong information regarding myself depositing with M/card and being able to withdraw via Bitcoin.
This is not the case.
I would need to deposit via Bitcoin to withdraw via Bitcoin and need to be verified for that also.
 

sassa

Experienced Member
Joined
Jul 4, 2017
Location
Norway
Australians should just open an account with Entropay. There you get a virtual VISA card which is registered in Malta which you can deposit and withdraw from. Its very popular in Norway where they also have problems with payments to casinos. It works as a normal VISA, the money on your VISA is stored on an e-wallet.
I can deposit with Norwegian visa on all casino, but not to neteller account with visa after the new law began.
 

goatwack

I’ll have the cleavage, I mean the special
CAG
Joined
Aug 29, 2012
Location
Londonia
Australia seems like such a swell place to live these days, what with that caring, solicitous government of theirs ensuring nothing but the very best for its denizens.

A shining light for progressive living standards, I hear that to further enhance living conditions they're thinking of outlawing sex in the not too distant future. Put a shrimp on the barbie and enjoy!
 

cass1071

Full Member
PABnoaccred
Joined
Aug 31, 2012
Location
Australia
Australians should just open an account with Entropay. There you get a virtual VISA card which is registered in Malta which you can deposit and withdraw from. Its very popular in Norway where they also have problems with payments to casinos. It works as a normal VISA, the money on your VISA is stored on an e-wallet.

Is it a straight forward verification process on the Virtual Visa with VS Mr Wild?

Dan from VS normally jumps on issues raised by their account holders.....where is he?
 
Last edited:

mina1929

Meister Member
Joined
Jun 13, 2015
Location
Universe
Update,
as I don't see an edit button now for my previous post.
I have been made aware I was given the wrong information regarding myself depositing with M/card and being able to withdraw via Bitcoin.
This is not the case.
I would need to deposit via Bitcoin to withdraw via Bitcoin and need to be verified for that also.

Hi, I have deposited via Mastercard and withdrew to my bitcoin wallet with no problem at Video Slots but first you have to deposit via Bitcoin so they have the address to withdraw to your Bitcoin wallet.
 

bebo67

Ueber Meister
PABnonaccred
MM
Joined
Jun 22, 2013
Location
Ontario Canada
Has anyone had any problems depositing into their bank accounts? I know I'm Canadian, but Im curious.
 
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