I want to understand one thing,I know that there is a lot of talk about money laundering, and that crypto is used and whatever they want, I can understand that part, because I know that in Colombia things are different, and that the "guerrillas" do use bitcoin and cryptocurrencies to move money, that was a story I saw on the news, which Shocked me but did not surprise me, just as crypto and fiat money are used for bad things, there are also good things, now for a casino I don't see it as viable that they can use it for money laundering, Especially with all the Security options they already have.
If a casino enforces kyc to all its customers plus having some other measures in place such as high wagering requirements before being able to withdraw, not allowing users to withdraw in other coins than the coin which was used when depositing (no internal exchange).. then, you are right, it won't be possible to use such casino for money laundering.Regardless of how much privacy advocates hate kyc policies, but it's still needed to prevent illicit activities such as money laundering.
this is why most licensed gambling sites are requiring kyc from their customers especially if they are exceeding their limits. to maintain their license from the jurisdiction of operations, they will surely apply the kyc procedure. because with their license, and when it comes to audit and they saw big numbers without kyc, for sure their license will be put into question.
Basically let's be clear, the kyc are a Requirement of governments and third Parties to know who are the ones who Play and how much they play, how much money they have available to play, spend and win, in order to have them on a list where in the future it can be used to apply Certain taxes that have not been paid during the Duration of what that person has played,that's the Way I see it, a leak of those Documents and that's it, with that they have so that they have the necessary Information for them to do or extort Someone.
We have to learn to live that to enjoy a good casino we have to give our data, that is something that is already like the law, it is something that is not pleasant, but since things are changing so much, good casinos have those demands,b and if it is something that we have to adapt to, at least a good casino with a high reputation guarantees us security, the bad thing is that when we want to handle high amounts of money, the casinos are not more demanding with their kyc, but it is something that They are very particular cases , normally the biggest problem goes to those who are Considered Whale.
just kidding. Most of us here are not money launderers so we have no experience about it but we only have an idea on how it works.
