I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.
I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.
That is possible yes since you can trace which wallet that an illegal or flagged wallet address is coming from. This is also as it happens with the banks, they can trace a flagged account and in their case restrict it or limit the transaction that goes there. In cryptocurrency, whether KYC or not, government can mandate a casino on a flagged wallet if they suspect any transaction from it
This is interesting because i thought that in crypto casinos the essence of kyc was to know their customers and being able to help law enforcement agencies if need be to identify gamblers whose KYC information is available in their database, but saying that the gambler wallet could be flagged may seem and sound impossible to me and the only possible way to stop wallet is to block the user account in the casino.
You are also very correct sincea wallet can bee placed on hold, but also we must note how hard that could possibly be in a crypto casino if it traditional casino then the user bank could be restricted but the online crypto casino, the case may differ.
Whatever you do or whenever we are pertaining into neither bank account or your online platform account then it would really be just giving out on the same result on which it would really be locked up on funds.
In speaking about KYC then it would be pertaining about taxation, regulation, tracking or whatever that these regulators are really that trying out to do or have some plans which in overall we could really be able to generalized that they dont really like on missing something knowing that gambling platforms or companies does generate out tons then it would really be that subjective to such regulation or other things correlated to it.
So far we do still have platforms that doesnt ask out some KYC as long you arent doing or violating something inside their terms then you could actually say that you do able to make yourself that somewhat safe
and also if you dont able to reach out that kind of amount threshold in speaking about deposits or withdrawal then they wont really be asking out but of course expect the unexpected on which there's always a tendency
that they would be asking out which its not really that shocking anymore.