Quote from: kotajikikox on Today at 12:50:50 PM

Quote from: pinggoki on Today at 02:21:20 AM

Quote from: viljj on February 26, 2024, 09:54:59 PM

How could you possibly launder money with cryptos?

Let me tell you how, you buy crypto with your dirty money^[1], you can use a mule or smurf to split the bulk amount of crypto that you've bought from your dirty money with and those smurfs will register on a casino and put their crypto in their and depending on your instruction, the smurfs can play a part of that crypto and then they withdraw that money or they can just withdraw it after depositing I'm not sure about this part though but I think that's the reason why casinos are restricting people from withdrawing without playing or withdrawing without a KYC and then they might also use some mixer to further muddle their tracks of the laundering and there you can enjoy your "clean" money. I think I'm wrong with my process but if anyone will correct me, feel free to do so.

^[1] You buy the crypto either with P2P online or physically, it depends on where the dirty money is but I believe that most of them do a P2P physically.

This is the main reason why nowadays almost every crypto casino is requiring their players to provide KYC even after complying to the required wagering because if they sense that there is a possible launder , but also this is how other casino abused the system to even asking for more tight security to at least have a chance to the players never comply and yes to remain the funds inside the casino.

Ummmm... So yes, dirty money and you turn it into Crypto currency. Or dirty Crypto currency deposited into casino wallet.. Then you wager it once and withdraw. Even with KYC, how is that laundering and what exactly are you laundering here?

Why do you have to wash it off in a casino wallet, why cant you just use some other vendor that doesnt include risking it of losing dirty money value..
Who are you trying to fool here, police or the tax officials? Or online crypto visa wallet companies?
The dirty funds cant be washed up like this.