The numbers don’t lie: huge transactions are coming from the gambling industry.
Following Bitcoin adoption, the number of online casinos has increased, targeting not only gamblers but also Bitcoin holders.
I'm considering this.
What if a gambling casino also employed those bad actors to launder their Bitcoin?
They deposit a large amount of Bitcoin, meet the wagering requirements, and then withdraw the remainder that comes from the casino. That's possible, right?
As cryptocurrencies, including Bitcoin, have gained popularity, the growth of digital payments has also increased, particularly in the gambling industry. One reason for this could be that crypto enables faster and cheaper cross-border payments, reducing processing times and fees compared to credit cards, e-wallets, and international bank transfers.