Topic: Casinos after the shutdowns of mixers - page 6. (Read 763 times)

The close of mixers to the forum was the bad news for us,because many people working for the mixer.But we should respect our admin rules,we should not allow the money laundering in any form.This will not affect the crypto based casinos and gambling sites.Because gambling had their own audience,So the demand for crypto currency is always their for the gambling site.The trading of the crypto currency also in peak now due to the crypto currency bull market now.The mixer ban will impact the price of the crypto currency,because all the mixer will cash out their huge crypto currency.So we can expect the crypto currency bear market in the short while,maximum the january month beginning.

what distinguishes between mixers and gambling platforms is that most gambling platforms are more open to regulators and they make kyc an important thing to their users. the gambling platform is also obedient to the anti -money laundering rules and other regulations, which all this action makes the gambling business more considered "friendly" by the government, different than the mixers who seem closed and difficult to crackndown by the government.

as long as the gambling platform is obedient to the regulations that have been set by the government and more open, it seems there is no reason for the government to disturb their business.

two different sites meaning two different businesses I think is not gonna move much. So they serve different purposes. Mixing service is to enhance the privacy but gambling is a game for fun that involves money, when the admin of the forum to banned any mixer site i think mixer is totally dead because of the rules but maybe the some mixer owner consider open new gambling sites but who knows.

Totally clear that he doesnt know on what he's talking, if he do just know that casinos are really that strict when it comes to huge transactions specially on deposits then for sure they would be mainly be asked for some verification and come to think that no money launderers that would be having on their right minds on making use of casinos to launder or cleanse up those funds considering that in every deposit you would really be needing to wager up x1 of your balance on which means that they cant really took up the risks on doing that and this is why it would be never a good idea for them to have that kind of option since they do know
that they could really be that ended up on blowing up all of those balances plus they cant really be just that too careless and too dumb on giving their information.

So i dont really see the connection about this current shutdown of mixers into gambling sites or platforms. For sure to those people who had been using mixers to launder money then they would really be
finding out places for them to clean those dirty money but pretty sure they wont really be making gambling platforms as their alternative options on which it cant
really be that so possible.

Wait a minute, what did you just say, money laundering through casino without a trace  

The big difference between the mixers and the casino is that the casino has made the KYC mandatory so in most of the cases, even if you try for money laundering your identity can be revealed on request by the authorities.

The second problem with the casino is that they won't just allow you to deposit and withdraw to another address. They will want you to wager (gamble) before cashing out. Think for a moment a money launder deposit in a casino, try to wager and lose everything and be unable to do the money laundering  

That's the purpose of the KYC, that's the best money laundering countermeasure that a crypto casino or a casino can offer against these syndicates, the problem with this one though is that it's going to cost the casino some of their patrons that may or may not be involved in a money laundering scheme which could be argued is bad for the business. That's the only way that casinos can be more strict about their rules, no water can be squeezed out as I like to say since KYC is already a good way to prevent these schemes, and whenever this happens, the casino has to choose between keeping their patrons or keeping the business because one has to go and the latter is the best one to keep from an entrepreneur's perspective unless you want the consequences of operating an illegal casino or license stripped casino then you can choose the former.

Money laundering. There's another topic about this. Upon checking on the timeline of when the topic was created, it's just 4 hours difference so I guess you have not bumped to that thread yet while creating this one.

Well, like what I answered on the other thread, it's not easy to do that in the gambling industry. The wagering amount will be the problem before withdrawal so, they cannot just go in and out without sacrificing some of that money that they entered. Now, the other way is buying accounts but again, this will be a problem because it could lead to scam attempts and fake sellers will definitely take advantage of them.
Also, for big amounts, KYC is mandatory. Gambling sites are more strict now and I think that's the other reason why those who love privacy doesn't want to gamble.

Unless people who wants to launder in casino approved their KYC. To be frank, casino's KYC procedure are more strict than exchanges to be precise and is really against to money laundering due to it's strict regulations.

Well, unless these launderers use unlicensed casinos who are more riskier to lost their funds after depositing there.

Maybe they respond to comply with new directives coming from administrators and for sure they would do some necessary measure like having a KYC on their platform so that they will not get banned the same with mixers. I also don't think that KYC compliant casino will be the main destination of people especially those criminals since those current running mixers are only banned in this forum and they can still operate outside so provably they continue and those people who always use their service would still use them to wash their dirty coins.

If there changes would happen here after January 1? Maybe we can't see it for now but let see what will happen next year.

I have seen lots of licensed casinos and have you ever seen a licensed mixer?  

Told those mixers to implement KYC for their customers and got a license from the regulator. It may make those mixers will be unbanned again. You are obviously talking nonsense here.

The casinos have always made sure to comply with regulations, as there are many of them. Casino will be banning your account if there will be a suspicious transaction in your account. Have you ever encountered the criminals getting banned when they were using mixer?

Even the hacked case of stake related to the criminal act by lazarus group. Open your eyes!

It's Theymos decision to ban crypto mixers here, but it doesn't mean that it's the end of the road for them, and so your title is misleading, there's no shutdown of mixers, they will continue to exist, not just being promoted here.


No, casino's don't facilitate untraceable transactions because of KYC so I guess you are wrong in assumptions again.


Again, how can it be casinos become the new mixer? The criminals would rather uses fly by night exchanges, and if you are not aware of, there are a lot of exchanges that was established to do that kind of thing, not casino.

This is a non-issue for casinos in my view.
There's very few of them that have zero KYC and among those you'd still have to find the ones that are pretty permissive with how they let you withdraw.
Most require to withdraw on the same currency after wagering your whole balance. But even if you find a casino that has no wager requirement for deposits...
So you deposit in a casino and withdraw back your BTC. What now?
Casino addresses are pretty easy to identify. So unless this casino has some epic volumes in the currency of your deposit, it's still possible to kind of approximate your address of destination. That's because casinos don't particularly deploy and coin mixing techniques. Just bi virtue of depositing to a custodial address and withdrawing to a new address doesn't mean that you have completely closed your trace. It might help a little on that regard, but is no mixer.

I sincerely hope not because that would essentially break the service. I would much rather use a no-kyc privacy oriented exchange like exch.cx.

They have been taking a lot of preventive measures, casinos are legitimate businesses, and some casinos are even abusing the power they received from the Anti-money Laundering Council, I don't know how an abuser can cheat or manipulate casinos to launder money can cheat the system once but not all the time, the casino has a system that can trace manipulating that falls into money laundering.

Everything you do in casinos are traceable and detect all your deposits, withdrawals, your IP just about everything so if you're going to launder money using casinos they have all your fingerprint and they can trace your location and who you are and the authorities can easily catch you.

You are correct there.
The main difference between casinos and those mixers if that mixers do not intend to comply with regulators and the KYC policy whatsoever, because it would go against the very own service they try to promote and advertise to potential users. On the other hand, privacy is not necessarily a feature which casinos center around, people go to a casino to wager money and have fun and as long as casinos continue to comply and ask for KYC, they are very unlikely to face problems like those faced by mixers. Though, even though I have never used a mixer (beyond some review campaign I participated in several months ago) I believe I will miss to see them around here in the forum, they had been an important part of our local culture as fas as I remember. Hopefully Monero won't be next in the list of things we will have to give up on.

Casinos must take risks, the solution may be to make the Monero currency available, because it is the only currency that can provide privacy, but you see that if you continue to accept what is imposed, they will prohibit us from anything and We will have to say that yes, anonymity and privacy should be rights that cannot be compromised nor should governments or third parties intervene. The day will come when, if we want to buy bitocin, we will have to ask the government of the country for permission to see if it is approved and if Thus the government must receive a cut of what is purchased, because that is how we all are, in a world of mere submission.

Casinos that are decentralized have to improve their charging policies because they charge for everything. If the centralized casinos continue, I don't know what will happen to the forum because the companies leave and don't come back, and that doesn't look good. Some do not give importance to this but it is very important, privacy and anonymity, as it happens, it will already be a thing of the past, it is already being demonstrated.

Mixers will still exist, just not in this space. Someone isn't going to risk a 5 million dollar bet to launder their money I wouldn't think either and also risk the casino confiscating their money due to not being able to provide proof of income.

I talked about this in another thread and I'll repeat myself again, how the hell are people who use a mixer, a website that doesn't do kyc, people don't put their phone numbers, people don't run the risk of losing in a game because there isn't one no games on the mixer site, there is no obligation for the person to have to play because there is no game, so there is no such thing as a wagering requirement, so the person puts 1 btc and will receive close to 1 btc due to fees, the person did not run risk of losing every 1 btc, you would only take that risk of losing everything if you used a scam mixer. Another important point is that money launderers like to do things quickly

they put a lot of bitcoins in the mixer and in a short time they have their bitcoins cleaned, now look at the casinos, they are places with license, kyc and betting requirements and with that people who put money in the casino are forced to play in the casino, so An intelligent person who is in the world of money laundering crime would not waste time and would not be stupid to use a casino to launder money, it would be the same as asking to be arrested. I think we have to look at current casinos that are kyc, they are very different from past casinos that did not ask for kyc and as a result some criminals used casinos for bad activities

I have to agree with this comment,  casino are proactive on their approach to things and their for sees a lot of development and have put measure in place to checkmate all the possible challenges that may come along the way such as casino being accused for money laundering or being used to mix money,  this was check and mechanism was put in place to prevent such occurrence and such as the wagering requirements.

Take also another possible unrealistic attempt that did not work in casinos,  such as AI usage,  just as there have been some developments of AI in the trading market,  but when it comes to casinos,  the use of both or any form of external actors aside from the gambler is seen as a violation of their rules and that could result into account closer.

So for sure casino is always a step ahead of them all and that can be seen in their ability to safeguard themselves all through this time.

There is nothing special that has to happen, the casinos are prepared for this type of situation even before perhaps this news had any relevance, everything is defined in that you must read the TOC, there they establish maximum deposits and maximum withdrawals for 24 hours, weekly or monthly and in what amounts KYC is required, that is there in the crypto casinos and I don't think it will change in the short term due to this recent news about the mix.