Post
Topic
Board Gambling discussion
Re: Money laundering in crypto casino
by
Smartvirus
on 16/12/2023, 18:19:40 UTC
Tracing money laundering is the responsibility of government agencies, not the casino's responsibility.
The highest policy lies with the government, casino companies only operate according to the rules that have been set.
This I agree with although, this doesn’t stop the cryptocasinos from being mindful of the activities or means by which their customers make use of the casino. Money laundering is a serious crime anywhere and being tangled in this doesn’t seem like the best spot to be for any casino. It just doesn’t tell well of their position against crime.
Casinos have done there but in place policies that requires you to withdraw only winnings and most times, you get to gamble with at least a good percent if not all of your deposit to be withdrawal eligible.
Most times we blame and ridicule casinos for this but, it’s a means to a solution such as the case with money laundering.