Topic: Casinos after the shutdowns of mixers - page 2. (Read 827 times)

That is not true, all of the casinos with their original payment systems or using a 3rd party payment gateway including with the deposit/withdrawal terms have a better AML protection than a mixer.

1. Money launderer will deposit with a big amount, the casino payment system must be alert someone on the finance when there is a big deposit.
2. The user must wager a certain amount before they able to withdraw.
3. Using the mixer = the swap almost instant (full amount) + no KYC, while on the casino there is a daily withdrawal limit and this one will definitely trigger a KYC.
4. Money laundering with a small amount + must wager first is not effective, it will cost time and money.

Money Laundering is not a new thing, all of the casinos already aware of that. Easier to money laundering on a land based casino (fiat) than an online crypto casino.
Any crypto casino must be aware of what happen with sinbad but I dont think they will or must implement something new.
Perhaps only ask their finance staff to be more cautious with big deposits and thats it.

I think you are mixing up the Casino and the mixers. Casinos are most of the time are platforms where different people come to play games and bet on those games but the contional approach has been mordernized to with the help of the internet where you can now play game from your phone and computers and privacy are usually low in this platforms even if the public doesn't know of your doings, the team that owns the casino teams knows your activity, there is no privacy in that place except for few of them that doesn't request for KYY verification.

As for the mixers, even the team that mixes your bitcoin might not know the destination of your bitcoin. The two are different and they are not related except for the fear of money laundering but they have ways of dealing with such people.


Well well, I don't blame the global moderators for fighting against Mixers because of the allegations that has been brought up from financial crime agency and it will be a threat to the forum in the long run.
Any platforms that is involve in finance will definitely has problem of money laundering but I don't think casinos are that completed like that with mixers, any criminal person can misuse the opportunity of privacy and abused it but since casinos has KYC, it will reduce the rate because even exchanges laundered money alot despite the KYC.

I think mixers will continue to be used in the other space as already mentioned here and that other space is dark/deep web (can't say anymore about it) so this means people will be able to use the mixers again,those people used to use mixers as for me personally I almost never used any of them because I never had the need to do so.

Also the casinos to make an analogy even if they are shutdown in "normal" web they will continue to exist in the deep web,so this news will not affect most of the users here who are knowledgeable enough to search and to find where the casinos will be.Again as already said here casinos are not risking to lose their multi million dollars just because some stupid law says so.

As long as we don't carry out illegal activities or cheat the casino, we will definitely remain safe and be able to enjoy our gambling activities well. We just need to pay attention to managing the money we will use for gambling and not deposit more than we can afford because gambling excessively will only give us problems.

Trusted casinos will still provide the best service to all their members unless some of their members are proven to have carried out money laundering activities. Casinos will definitely not tolerate it and will impose sanctions on them. The casino can even report it to regulators for further investigation.

They get worried to much on casino situation after the shutdown of mixer while they failed to realize that casino and mixer is totally a different platform. Casino right now is running in legitimate form and Mixer is just pure shady business that's why we see them got eliminated and for sure compliant casino would provably remain.

But for sure those mixers will continue its service but we don't know yet what's their next plan after their shutdown here in bitcointalk.

That's why there is nothing to worry about.

If someone is worried about the current casino that he's working with through a campaign, don't think of it as long as you see nothing wrong with them as most of them are licensed.

That's it, and true that ML are going to continue as this activity is almost everywhere even in real life casinos and other services that we don't know outside crypto world.

Those who launder money will continue to be careful in laundering their money. It will be a tough task for casinos to monitor each of their members because, for popular casinos, must always guard their casinos against illegal activities such as money laundering. Casinos may implement something new to avoid money launderers who may already often use casinos for their illegal activities.

Maybe governments that prohibit gambling could block gambling advertisements from their countries. This means that citizens cannot gamble freely like before. If the government finds that there are many cases of gambling addiction in the country, it will increase the government's vigilance, and maybe that's when there will be an appeal from the government to avoid gambling. For this forum, maybe the government has entered it and is monitoring gambling activities, but who knows? We don't know the truth either.

Money laundering will continue to occur, and the government will find it increasingly difficult to track it because money launderers may use many methods to continue their illegal activities. But of course, that hasn't stopped the government from continuing to try to track him down. They will use all means to find the money launderers and punish them.

We who are just ordinary gamblers can only gamble as usual, not use big money, and only use gambling as entertainment. That will keep us away from the suspicion of the casino, and we will still be free to gamble.

I believe these Casino platforms also have some system that is used to identify if you deposit some suspicious transaction, that's why some casinos are not that really strict but for sure, they are very carefully checking some of our transactions, especially the deposit. Just check their Terms and Conditions, they are totally different from mixers that you can easily use to money launder.

Exactly, this is the argument that I've been looking for in a long time and I can't put it into words so thank you! Crypto casinos are not mixers that you don't have to identify yourself to use their services, they're an entertainment industry with the goal of having to milk as much money from you as possible and it's strange that people want this type of privacy casino like what? You're only playing with slotss and most of the names that you use in these sites are just usernames, it's not like they're forcing you to use your real name and most of the time, the KYC information that they've got of you is private and can't be viewed by other people checking your profile anyway.

Well, that's a fact that money laundering activities will keep on happening and those that with lots of money that came from bad activities will still continue to do it.

While for those that are just casual gamblers, want to have some fun will probably be accused by the casino where they gamble because it happened to some users that they've been falsely accused.

It will take time if they're going to do that but with automation and AI, maybe possible.

Money launderers is now very creative since they are betting like a regular gamblers and willing to take risk just mix their dirty money. I remember reading a post here coming from casino representatives that laundering is still happening in the casino industry despite being strict on stopping any possible laundering since their bonus and vip rewards is being exploited to help laundering money easier.

The only way casino can stop laundering is by checking every deposit source which is very hard to maintain especially if you have tons of player actively making deposits and withdrawal.

I think those who launder big time know their transactions are traceable if they do it on a blockchain. As long as cash can still be used, they will be doing it on cash on the traditional casinos too. Mix their money on the casino's stash, minus the tax, and it's clean.

What is worrisome in the forum is if the government will also try to regulate the advertisements of casinos on the internet including crypto which bitcointalk has heavily being the biggest crypto gamblers pad.

Yes, we should not think too much about it because well-known casinos will always try to comply with the regulations issued by the government. They won't try to break the rules even once because that could get the casino in trouble, and they might end up paying a fine for breaking the rules.

Money laundering cases will definitely continue, but people who launder money may also have found other ways or places to continue laundering money. We must stay at the casino that we have used to gamble, and that casino must be trusted and popular.

KYC and AML would prevent that, so I don't think the government would bother disclosing more facts if a lot of people were using casinos to money laundering activities. The casino will also do more research on it and will be more aggressive in warning users who have illegal activities, so things won't be easy even if casino money laundering exists.

Bitcoin is not for illegal actions, but some people who use it for illegal activities and that's difficult to stop. Bitcoin's bad image should disappear because mixers don't exist, but mixers are not for dealing with illegal activities, just like casinos too.

There is no way mixers will ask for KYC just like the centralized exchanges that love tracking there users and know how they really are.  Most of the mixers we have are working without license and they can easily still from users. We need to understand what the industry really is and what is ethical for users. Mixing coin at first is not bad but .any scammers had gain an opportunity for mix stolen coins that is why they are not afraid to mix the coin and sell it to whosoever they want to it to. We need to be careful about mixers even though that are not always having the intention of having scammers as users but they can be affected in a long run.

Don't think of it too much.

As long as they're paying their taxes, they're registered, they are licensed. There's nothing gonna happen to them just because some mixing company have been taken down.

I know that the worry is there because money laundering is no question in these casinos. But there should be a news already before if they're also on the hot seat of the regulators.

Yes, trusted casinos will follow the regulations because they definitely still want to continue their business and make a profit. They will be even more aggressive in promoting because there is a government that will protect them if there is a problem. After all, they have followed government regulations.

At least the casino can safeguard its business from activities that violate its TOS. Casinos can also investigate the accounts of gamblers who are considered or suspected of violating their rules. Moreover, there is supervision from the government. Casinos will not dare just let it go.

Yes, that is true, and it will make the casino always try to comply with the regulations that the government applies to its casinos. And the casino will also seek to tighten its oversight of all its members. So let's see what will happen after the mixer case.

Well everyone knows this and even the government knows and that's why they are also after the big casinos especially those that claim KYC free because thats the only way they can run this idea of looting big funds through the casino. So with this taught already there, the casino are now forced to implement a KYC for all their customers so as to track major big deposit and Withdrawal from their system so as to know the individual for record tracking.

Do you know?

Casino is a good business for money laundry, even our self can laundry on there without the lawforce take some action. The only problem, they just need to passed 1x Deposit Rules. With the recent mixer case.

It's not gonna to change anything and effecting casino, no need to worry.

Not all casinos are regulated, so maybe those are the ones who won't survive in the long run because after this sad news, the customers of the mixers could transfer on them. But regulators are smart enough to know this, and they can act as soon as possible.

Casino is a business but what about the mixers? Aren't they also a business? And maybe their main aim is only to provide more privacy to the users of Bitcoin and other cryptocurrencies which are not that anonymous as Monero and the likes. It is only sad that regulators and others think in advance and think that mixers are only helping the criminals to get away with their crimes fast. Sigh!