Quote from: rodskee on Today at 03:59:12 AM

Quote from: strunberg on Today at 02:42:55 AM

Quote from: WalkerIVIV on October 13, 2022, 11:17:32 PM

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

at some countries that gambling platform suspend especially from muslim countries , of course it will be serious problem , by regulation their position become more weaker. government and another stake holder that rellated with gambling statue will directly cut all access to this site. but for countries that allowed gambling platform , by this regulation they will parallely adopt bitcoin and also have legal standing.

but it is understandable though we also knew that not all of their people truly follows the suspension instead they are doing other ways just to gamble so meaning regulating is not 100% implemented.
but indeed that regulating some projects will add flavor to the strictness of each government and business owner needs to comply or at least deal with this closely .
as also we knew that there are lots of abuse from gambling businesses nowadays.

Well there is something that not everyone manages, and that is that the regulations are generally always in favor of making some kind of agreement with the government in power, it is nothing more, the business model is there and wants to develop, but the governments in part they understand and want to be proposed, others do not want anything because they want to be the only ones to always have control and those are the governments that are wrong, that is something and a behavior that is always seen, it cannot be avoided, for example Of course it's Venezuela, it's a country that always has its government with its hand in everything, and I think that people have already got used to it, and there you can't do anything else but make deals with them first, because that's the only way so that they can enter well.

Quote from: Finestream on Today at 09:58:50 AM

Quote from: acroman08 on October 09, 2022, 09:21:03 PM

just to be clear when you say "gambling project" you mean gambling casinos, right?

I don't know about "years from now" since, as far as I know, all casinos that have a license are already regulated, that includes Roobet.com and other casinos that have a license. are you perhaps talking about stricter regulations that gambling sites will have to follow? anyway, if you are thinking of gambling casinos will be affected by stricter regulation, yes, they will, but I don't the effect will necessarily be a bad thing.

AFAIK, regulations are made to improve the service of the casinos and of course to strengthen the security of the gamblers. So if those casinos have their hidden agendas towards their players, most likely their games are rigged or whatsoever, then they will surely be affected by those strict rules and regulations imposed by the government. However, for most of the reputable casinos that are strictly following the rules, I don’t think they’ll be affected by it as it could mean they will build more trust from the gamblers themselves.

Well that is why the casinos that are more reliable and reputable are the ones that we should always have faith that when they ask for KYC it is for something related to security, there are new casinos that require KYC, and well they may be authentic casinos, but that does to think that one is just getting to know the casino and that it may or may not lend itself to rigged games or something, I am not one to think badly about a casino, but you always have to be careful, most new casinos do not know how much effort they have made to be able to launch them, and they just want to have everything under the regulation that is required of them, in the same way you have to be careful and very preventive.

Quote from: Fivestar4everMVP on Today at 12:35:00 PM

Quote from: BitDane on October 13, 2022, 11:14:16 PM

Quote from: Fivestar4everMVP on October 13, 2022, 08:27:17 AM

Quote from: Z390 on October 09, 2022, 03:13:02 PM

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

The thing is, people with ill intention of hiding their money and get away from their financial obligation to government use crypto platform to launder money. They use the guise of decentralization and influence others to make believe that it is the right of a citizen to evade taxes Grin

.

You are absolutely correct bud, this is one of the reasons why I don't give much attention to peeps who complain about casinos requesting kyc verification, though most of this peeps won't tell you they are trying to evade tax by not passing kyc, but when we deeply look into their reasons for not wanting to submit their documents for verification, it's easy to discover that tax evasion is one of them.

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True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.

Exactly my point, it was and is never mandatory to jump from one casino to the other, if a user hates giving his or her documents to casinos for verification, then just choose one or two that is reputable and stick to them and their service, rather than being a user of multiple casinos and complain when they ask for kyc verification before they allow the user to withdraw his or her huge winnings.

Well, I think that this is a very common practice, I have seen that in many countries they try to do the same practice, I cannot see that in the country that I live in, which is a country that is full of many corrupt politicians that I accept that people want to evade taxes and they achieve it, even accountants know how to do it, but they do it because of the theft that governments do to people and how bad they can do and have.

This practice is not good, evading taxes does not seem like a good thing to me, the corresponding requirements must be met, on the other hand, in crypto they should not even demand taxes, but hey, that's another topic.