Quote from: Learn Bitcoin on Today at 11:32:35 AM

Quote from: freedomgo on October 02, 2024, 02:38:44 PM

The two can’t really work together. Yes, Bitcoin is decentralized, and we value anonymity, but gambling operates within an industry that is mostly regulated. Those that aren’t regulated will eventually be banned or deemed illegal. The main reason for regulating casinos is consumer protection. We can’t claim we want freedom in gambling but then turn to the government for help when issues arise. The government already sees the potential problems, and if casinos weren’t regulated, money laundering would become even more widespread. Do we really want casinos to be used as tools for laundering money, especially when those funds could be used for harmful activities like terrorism?

Do you think regulating the casinos helps stop money laundering in casinos? Do you think the government helps the people when they have some issues with the casinos? I have seen plenty of scam accusations on the forum against some casinos which is regulated, do you think victims get any sort of help from the government. The well-known scam website 1xbit is a regulated platform. But they are scamming people, and no one can do anything against them.

If you check online, hundreds of casinos do not have any licenses, and yet they are operating their business well. We are in the crypto casino. I don't care if the government bans casinos for not having a license. Nobody can stop me from using it because they also don't know me. I am not going to do KYC on casinos and not going to deposit fiat money.

Even though there's regulation happened this money laundering schemes and scamming still exist. Criminals have strong guts to do their thing without getting any fear to get caught by authorities. Since they know its hard for them to get tract since they are dealing multiple platforms online. But at least some casinos are doing collective efforts to combat money laundering schemes and they implement certain measures so that this activities if not totally erased will lessen.

Also its useless if they say something about regulated thing but they the authority didn't pay much attention on what's happening in the scene since its so hard for them to sue those scammers even if they are regulated and got their license from certain country.