Quote from: pawanjain on Today at 11:36:03 AM

Quote from: Frank_Holo on August 24, 2023, 10:58:53 AM

Hey guys, so I've been doing some digging into fiat-crypto casino payment gateways specifically. Right now Stake.com and Bc.game use Moonpay for their "buy crypto" function, however after contacting Moonpay, Transak and a few other major fiat-crypto payment gateways I've learned that these providers no longer accept new casino business.

In the case of Moonpay they are upholding their existing agreements with casino providers (for now I guess) but new operators are only being accepted with casino licenses in the UK and USA (both of which require their own unique gaming licenses) as well as a reputable international license (e.g. curacao, malta, antigua etc.).

Transak on the other hand are just straight up removing themselves from the gambling industry altogether.

I think it's a real shame that new providers won't have access to reputable fiat to crypto on-ramps, it creates an uneven playing field as the big guys get treated differently.

Do you know the reason why this is happening ?
I think it's because of the frauds that are taking place. Some people launder money, some people deposit illegal money etc...
May be it was becoming difficult for those payment gateways to distinguish between such activities and so they are considering to restrict it.

I agree into this point because if there would really be no such restriction and those kind of limitations or prohibitions then laundering money would really be that so simple and could really be easily done. So it

would really be just that a normal approach that these things would really be adjusting out basing on what are the things that might supposed to happen. This is why they do set out those kind of requirements or guidelines on what must follow and on whats not. If ever there would be some changes or acceptance or applying out something on the system, if its needed up for some verification or compliance then it
should be done and thats become the standard. We do really have that fiat-crypto or crypto-fiat payment processors or gateways which it isnt already shocking if ever they would really be
getting inline with those laws which they should need to abide. So dont expect about having that full anonymity and decentralized ways on this kind of transactions.You should expect the other way around.