Post
Topic
Board Gambling discussion
Re: Crypto Casinos vs money laundering.
by
Cling18
on 28/09/2022, 15:22:11 UTC

So, what do you say, does crypto casinos really care about money laundering?

Yes, of course, the KYC requirement on the part of online casinos is not sufficient to counter money laundering, but also in many casinos, there is a requirement for a large win to provide documents confirming the legality of the origin of funds on your deposit.
Many gamblers might hate KYC but if they will only know its positive impact on their security as well as the protection of the casino against money laundering, they will appreciate its importance. Launderers are using casino sites as an escape from their crime so casinos are also trying to be careful.