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.
What happens is that it is a sensitive issue, obviously it is as the colleague has said, to some casinos that are highly reputable and very trustworthy if they care about money laundering and therefore use KYC, but it is well known that some casinos that are mostly relatively new, can be in this business camouflaged by the platform and take advantage of a large number of people and players who are very active in the game, so all these things are sometimes good for KYC, but at their Sometimes it is risky, because an apparent KYC can reveal everything about a person and make them even try on their life and leave them there on a silver platter to extort them or any kind of thing.