Quote from: BobK71 on Today at 05:39:41 AM

Quote from: smartaction on October 19, 2022, 06:39:13 AM

Quote from: seoincorporation on September 13, 2022, 08:56:20 PM

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

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

As almost every casino has KYC system where kyc is required when someone invests huge money or wins huge amount. In that case I don't think a crypto casino can be a big cause of money laundering. Because if someone is doing money laundering there then his identity will be revealed due to KYC so I don't think anyone will choose crypto casino as a money laundering route.

In this respect, KYC certainly the right direction. Anyone can't use the casino to launder as much money as they want. But those who join the casino are usually for the purpose of money laundering. They are thinking about how they can convert that money. That's why many prefer gambling or the casino site that don't require KYC.

If someone tries hard to do money laundering then he will definitely succeed because it is normal that the person doing money laundering will have huge amount of money so in today's world many things can be done based on money any money launderer can create his own casino site and He can control his own casino site as he wants and launder money through that site, but he has to work hard for it.