Post
Topic
Board Gambling
Re: 🎲BetFury.io|🎉BetFury Affiliate Program is live| 💸Earn with RevShare up to 60%
by
Slow death
on 03/04/2023, 22:44:40 UTC
On the norm, casinos do not need a token of their own, but because crypto is not regulated, any body or business can wake up anytime and create a token, list it on an exchange, and then it becomes a speculative token to investors, where as for real, the token as no usecase.

I also don't see any need for a casino to create its own token. Today I was thinking about this: "would the curacao regulators responsible for granting licenses to casinos allow a casino to create tokens and distribute them to customers?". because in my opinion when curacao licenses a casino they are counting on the casino to receive deposits of cryptocurrencies and therefore each customer will have to go through KYC to prevent money laundering and I also believe that the casino to obtain a license must submit documents the authority of curacao

now let's see, when the casino creates its own token and distributes it to customers, could it be that with that the casino would no longer be circumventing money laundering laws? because with this movement the casino owners could already be laundering money, so I think that the guys from curacao would not license a casino that has its own token, someone correct me if I'm wrong, curacao allows to license the casino that has created its own token? maybe people who understand very well about curacao licenses and token laws can correct me in case i am wrong