Quote from: Nrcewker on December 31, 2024, 04:44:10 PM

Quote from: AbuBhakar on December 03, 2023, 04:24:44 PM

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?

This is a very serious issue for all the gambling sites. This will be very challenging for the casinos, especially the ones that claim to be no-KYC casinos. I have seen many casinos have already started the adaptation. They have implemented wagering requirements if you just deposit money and do withdrawals. For now this rule is doing almost most of the jobs. The real legit users are sometimes facing problems due to this. As we sometimes use the casino’s wallet in case of emergency, now we are suffering with the wagering requirements.

There comes a time that every crypto casinos are already that KYC required and even into those known platforms that we do have today here on crypto space on which there are eventually platforms are really that starting to adopt or make out such changes on which this is really that indeed happening as of this moment. This is why it will be that up into a certain gambler whether they will really be complying out such changes or rules that will be applied into the platform and as a user then you dont have no choice but to comply on whats being asked. We do know that these companies will really be needing up to comply on whats being asked so that they will really be able to continue to operate, on the moment that they will be opposing such regulation the this will really be that become a problem on which they might not be able to operate. We do know that government will really be that doing up their very best on trying out to deal with those platforms that they can be able to tax out specially that deals up with crypto. We do know that revenues on where these businesses are making are indeed huge because if we do tend to consider and look out when it comes to taxes then this is something that government wont be letting it out to slip into their hands. We do really know that businesses will really be that sooner or later will be that regulated on which if they will oppose then they cant be able to operate as simple as that. There still some platforms that operate out without KYC but it wont be shocking that one day that every each of them will be going into this kind of path.