Post
Topic
Board Gambling
Re: A way to attract new users or a misunderstanding?
by
LUCKMCFLY
on 14/05/2023, 17:08:11 UTC
I want to understand one thing,I know that there is a lot of talk about money laundering, and that crypto is used and whatever they want, I can understand that part, because I know that in Colombia things are different, and that the "guerrillas" do use bitcoin and cryptocurrencies to move money, that was a story I saw on the news, which Shocked me but did not surprise me, just as crypto and fiat money are used for bad things, there are also good things, now for a casino I don't see it as viable that they can use it for money laundering, Especially with all the Security options they already have.
If a casino enforces kyc to all its customers plus having some other measures in place such as high wagering requirements before being able to withdraw, not allowing users to withdraw in other coins than the coin which was used when depositing (no internal exchange).. then, you are right, it won't be possible to use such casino for money laundering.
Regardless of how much privacy advocates hate kyc policies, but it's still needed to prevent illicit activities such as money laundering.
Yes, of course,what happens I know that the KYC issue is very open and lends itself to giving an opinion on a whole series of thoughts that are very valid, but if we go to the origin of all this, from Satochi, he created Bitcoin to Avoid these things , then through governments, banks, third parties, that is, whoever is obligated to give data when in reality the reason for which bitcoin and crypto was created should be respected,and one of those is to manage money,whatever, that the Transactions are Fast and apart from not giving Verification or data, because that is what the fiat system is for, which is what they control, well from that it is my idea.