We all know the recent issue about the mixer status here in the forum. Crypto casino is also being use for money laundering by some criminals that’s why every casino has AML policy.
I’m just curious what will be the fate of crypto casino once money laundering activity from mixer will jump to casino now that mixer will not be advertised here which means it has less exposure. Is there any possibility that crypto casino will be seized by the government just like what happened to mixers in case they failed to screen the laundering activity?
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.
It doesn't seem fair if the government's failure to trace money laundering cases has an impact on casino companies that have followed the rules. They must be objective to overcome this.
Because without us realizing there are quite a lot of workers who work for casino companies to earn a living for their families.
This is joined efforts between government and the casino itself. Since nothing will happen on those fraud cases if the casino doesn't want to get involve in the investigation. Also that's why we have this KYC and wagered requirement set by the casino sine this is their way to combat those money laundering issues happening in their casino.
For sure also that they won't have any issues with those casinos following their rules. They only sue those casino who insist to be regulated that's why there certain restriction happen since sometimes those casino didn't meet on what government required them to do.