Quote from: Smartvirus on December 16, 2023, 06:19:40 PM

Quote from: bitvalak on December 16, 2023, 05:59:01 PM

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.

That is true, casinos show be aware of that they can be used by money launderers as one shop to wash their dirty money. And this is the very reason why government or regulators are very strict as far as crypto base casinos and exchanges because they can be taken advantage of.

And for casinos, before they can get their license, for sure they have been briefed about this kind malicious intent by criminals and that they should be really educate and make aware of it. With that, it will take effort from them and the regulators to catch this criminals who's using the anonymity of crypto as vehicle to clean up their tainted money.