Quote from: Fivestar4everMVP on April 03, 2023, 10:58:24 PM

Quote from: Slow death on April 03, 2023, 10:44:40 PM

Quote from: Fivestar4everMVP on April 03, 2023, 10:14:50 PM

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

From what I've heard and learnt from research and other users of this forum, Curaçao license is the most simplest to get, I personally do not think a casino with only this license is qualified to be considered as a regulated casino, since from what I've leant, any casino can apply for a Curaçao license online, and get it in the shortest period of time, as long as the necessary fees is paid by the casino, I don't think casino owners are required to submit any documents proving their identity, before such Casino obtains Curaçao license.

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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

I don't know very much on how this thing works, but from my personal observations, and based on what I already explained about getting Curaçao license above, I don't think they really care whether the casino has their own crypto coin or not, the Casino will surly get its license as long as the fees required are paid, and on time.

Do not forget that the issuance of a Curacao license by any casino is a fairly successful commercial enterprise, which was originally conceived as a rather formal check of the casino's accounts and the issuance of a corresponding certificate, license. I don't think that the bosses of this commercial enterprise, even with the involvement of government officials of Curacao, will refuse to issue a license based on arguments such as issuing their own casino token. In general, I think they do not consider this as some kind of serious violation leading to the deception of the players of this casino.
And let's not forget that the bosses of the licensing authority themselves, on this basis, cannot receive and lose several tens of thousands of dollars for some beautiful piece of paper of a license - this is simply stupid.