Topic: Casinos after the shutdowns of mixers - page 3. (Read 839 times)

Well, the casinos are not illegal nor they are declared illegal by the government and in many parts of the world running or playing at online or offline casinos is not considered a bad practice, so they are safe.

Maybe we should not compare the mixers with casinos, as both are different in terms of everything including the use cases. Also, if mixers start to ask for the KYC, then the whole purpose of mixing the coins goes in vain as we need to remain anonymous and do not want to link the coins and remove the traces and if we have done the KYC, then mixers lose their concept of mixing the coins.

Mixers can never cease to exist. It is for-profit business for people and they will keep finding a way to stay in business and remain profitable because they have a huge customer base. Casinos are not mixers, they thrive on being opened and transparent in their dealings because the bulk of their customers are not looking to high stolen funds rather they are looking to make money. It is going to be difficult to not get noticed if a large amount of money is deposited in your casino wallet either as a newly registered account or as a old time member that will not raise some dusts. Our casino accounts are being monitored.

Nothing will change people who want to anonymize their coins will still use mixers, because casinos as an alternative is a risky alternative, scam accusations is one of the section I posts and I have seen so many ridiculous way casinos ask their users when it comes to verifying the source of their account so its not something a money launderer will go through or risks doing because they think casino is a good alternative.
Casinos on your slight mistake will accuse you a money launderer so if you intend to launder they can easily flag your account

Remember that gambling contributes to the overall revenue of a certain country.

To give you an example: in the Philippines, the Philippine Amusement and Gaming Corporation (PAGCOR) is a government-owned corporation in which it presents itself as a gambling institution. It is responsible for providing a revenue of around $904 million, which is the largest among all the income streams generated by the government.¹ Not only does the government benefit from gambling, it also creates a mechanism which enables them to create certain activities and programs for the society.

While mixers are going to be prohibited, I doubt that gambling companies would be affected in this move.

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1 https://igamingbusiness.com/finance/pagcor-revenue-first-nine-months/#:~:text=95bn%20(%C2%A3811.4m%2F%E2%82%AC,through%20to%2030%20September%202023.

Mixers do not pay taxes, no license even though they are dealing with money so it is an unregulated industry, and since it unregulated it's free for all good users and bad actors like hackers and scammers can avail of their service, and the authorities will shut any mixers that deals with scammers and mixers cannot do anything about it since they have no parameters to make their platform safe from bad actors.
And I don't think mixers will ask for KYC from their clients.
If one mixer changes their terms and asks for KYC to keep their platform safe, I don't think all the other mixers will follow their lead, they are going to lose clients who want to anonymize their transactions.

Casinos are friendly to the government and that's why they will never have any problem with the law unless they don't register the casino, also I think you should know that the governments are also benefiting out of casinos, there are some countries that casinos are play a big role in development of the countries, you might not have hear this a lot but it is happening even in my country.

Some of the casinos can be doing something illegally, even the those regulators can know about it and refuse to keep shut since the casinos are paying them some huge amount of money, but the same can't be with mixers, because mixers are not transparent to the government and they will never like the idea, the government always want to know what happening, they always want to be in control of everything, that's why mixers will always have problem with the law.

Many said that Mixer users are not all criminal, but honestly there is no way to know if they are or they are not, because nothing is opened to the public when it comes to mixers, it's why the government are pissed with mixers and believe that it's a good place for moving illegal funds for illegal activities, mixer isn't made for someone like me, as I don't see why I will want to hide my transaction, when the money isn't dirty money.

People who are involved in illegal activities will always find loopholes and ways to successfully transfer any amount of money intended for any illegal activities or simply just bribes. If SEC will find any traces of unusual activities from casino accounts I think owners of these platforms knew what will happen to their businesses. We all know that legitimate gambling sites is following the rules and regulations given to them by SEC.

Of course, a casino will only be close or "something will happen to them" if they'll violate the law. Others that are in compliance with the law, they can continue to operate.

That doesn't make sense, if they will investigate and find some activites that are against the TOS, KYC would not save an account from being freeze or confiscated as casinos won't tolerate cheating, a way to protect their asset to run profitably.


Thave have already tighten their supervision, this is to prevent money laundering, and if a casino does not comply on the regulation, simple, they'll close shop and will face lawsuit.

Hopefully, nothing serious will happen to the casino, and the crypto casino can still run as usual. We can also use crypto casinos for gambling, as we have used before. But when the casino finds something suspicious in a gambler's account, they will investigate it thoroughly, and the casino may ask the gambler to verify their account to ensure that their suspicions are no longer necessary.

But the government can do something about casinos, especially casinos that are suspected of being places for money laundering. The government will tighten its supervision of the casino in case there are illegal activities carried out by members of the casino so that the government can follow up by contacting the casino. The government could require casinos to ensure that their members do not do anything illegal.

There is no connection between mixers and casinos despite the fact that both of them are crypto businesses. Casinos are highly regulated by governments all around the world and you can't start a casino business without acquiring a license. Any casino that runs without a license will be closed. But mixers are different, they mix your coins, i.e. do financial transactions without asking you for KYC documents and at the same time they improve your privacy while casinos ask you for KYC when you try to withdraw money. There is a difference, right? So no one should be worried about crypto casinos, they'll be able to operate legally without any problems and I believe this business will grow further over time.

That's the reason why casino will never experience the government crackdown especially those license one since they are already been regulated by government and for sure they are less concern with them since provably they are paying taxes on where country they are registered or where they get their legal documents. And same with other I also doubt at current situation and more strict regulation if those criminals will choose a casino to wash their money since for sure as you said it will just confiscated and maybe the casino will benefit on it or they return it on right authorities. That's why we should not get any worried about that since casino will continue to exist and they will not be taken out unless if they have mixing features or some connection on darkweb and do this illegal actions.

There's a difference between casino and mixer, they're not offering the same service so casino doesn't have to be afraid of having the same problem as mixers. Mixers were use more by hackers than real individuals that what to hide their identity. Stolen money were moving through mixer without trace and it was becoming too much so shutting them down on this forum was right. Now that mixers are out of the picture, maybe casino will be the next target for laundering money.

Bit I think casino will be smart and not allow their platforms to be use for laundering money as they know the implications of allowing that. They might lose their licence and also get their casino shutdown. Casino have kyc so they can monitor anybody depositing huge amount of money to monitor any suspicious activity and alert the police when necessary. Casino will benefits from this ban on mixers on the forum as they'll get more good posters for promotion.

They have already very strict measures for that I have a friend who was asked for KYC because of an unusual movement of funds and they asked for a lot of documents and a money trail to prove that the funds were not being washed, in the end, he proved that the funds come from a local exchange the criminals will have second thought using reputable casinos to wash their money, once caught the casino will ask the money trail or if they ignore the casinos will confiscate the money, the casino will benefit if they caught money launderers, some casinos will confiscate the money or they will have a good reputation in the gambling industry.

This is dumb  

Casinos have no relationship with anonymity, it's not build for hiding any transaction on the block chain, and if all mixers are regulated they won't be having this issues right now, or maybe I can say that if mixers are regulated can they still be considered as mixers? Criminals will take a run if they know that mixers are regulated I believe.

Anyways, it's not hard to see that casinos are far ahead of mixers when it comes to relationship with the regulators and the government, nothing is hidden in the casinos, and all regulated casinos have KYC compliance that can never be avoided.

For a casino to run and function they have to be permitted and that's the work of regulators, you need to register your casino and get the right docs and proof to run the business, no such thing is happening with Mixers, and I bet nothing like this will ever happen with mixers.

It doesn't make senses at all to use casino for mixing, people behind the casino don't mind to share any information they collect to share with the government or organization. Mixer, isn't the only way to hide your trade, using Coinjoin or Monero are better option than wishing the casino will not freeze your coins.

Are you suggesting that the crypto casinos are involved in money laundering schemes by using BTC mixers?
This sounds ridiculous to me. Do you have any real evidence to prove your claim?
The crypto casinos can't respond to anything. BTC mixers aren't globally banned. The promotion of mixers will be banned on Bitcointalk in the next year.
Why do I have the feeling that many crypto users think that this is a global ban of mixing services? Why do so many people think that banning BTC mixers is something bad?
Many users joining casinos as an alternative to a mixer? This is plain stupid. You know that KYC is mandatory in most casinos, right?
You should know that there's a chance for the money launderers to lose their money, by betting in a casino(even with high odds).

Casinos whether offline or online will be fine and will not be disrupted by mixers being closed by the government. This is because the casino platform is an entertainment place where people play and look for entertainment. Even though there are several cases where money laundering often occurs, such as that carried out by criminals on mixer platforms, casinos are different because they are under government regulation. And they have provisions that players can only make withdrawals in a limited amount and within a time limit, and all transactions are also recorded in the casino database and the government can carry out an audit at any time if necessary. So it's different between mixers and casinos.

Some mixers may have done this kind of thing so all mixer companies are bad but not like this. There are many premium mixer campaigns running in the forum which are doing their job well and people are less likely to be cheated by such premium mixing campaigns, however the forum has seen the activities of some mixer organizations and has taken this decision on all mixer campaigns. Even if the mixer is banned in the forum, the mixer will not be closed, but they will do their marketing in another way. Some of the mixer companies have cheated which is why we are afraid that casino sites can do this to us, if we think like this then we are not wrong at all because it can happen. Chances are this will happen but no guarantee, I think the forum should be a little stricter allowing mixer campaigns to run.

It is inevitable. With the demise of huge mixers starting from ChipMixer after it has been found out that a lot of laundered money went through it, it's a no-brainer for huge platforms with similar service to be wary of being targeted by law enforcement. Knowing that cryptocurrencies are being used for money laundering (even though for sure artworks and fiat are more preferred), law enforcement agencies will keep a keen eye on these platforms to limit possible large-scale money laundering schemes. For casinos, I doubt there will be much changes anyway, though it is possible that they might require a stronger KYC requirement in order to move forward with the platform they are trying to build and to not get scouted by law enforcement agencies like a hawk.

I think casinos won't be affected. Casinos existed long before mixers came in. All the casinos are regulated with the government. So, I see no reason to ban it. Most of the casinos require KYC now. So if anything illegal happens the government can demand user credentials to identify criminals. But in mixers case, there is no log data nor KYC. That's the most common problem. They cannot identify criminals.