Casinos after the shutdowns of mixers - page 7.

GxSTxV

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Quote from: Wiwo on December 03, 2023, 03:15:22 PM

We already have a discussion going on and i believe this topic is a duplicate of that other topic as relates to the banning of Bitcoin mixers services here on bitcointalk, and its implications on gambling sites which are much more widely different in nature and operations.

You may like to take a look at that thread:
https://bitcointalksearch.org/topic/m.63263816

True, there’s a discussion already going there about money laundering but it’s different as the OP of the topic is talking about the risks of shutting down casinos as well by authorities, in case they found any money laundering activities. It’s more risky now as they started with mixers, those usual users will go to casinos, we can’t really know the next move of this US anti decentralization.

Casinos now should go full secure and careful about any suspicious activities, probably more users will start depositing unusual amounts and gamble very safely. Smart and strong strategies to avoid such activities are needed in casinos at least so regular gamblers play safely without worrying.

notblox1

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Quote from: GxSTxV on December 03, 2023, 03:05:53 PM

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

I think this news will benefit casinos in bitcointalk forum, as long they dont break any rules they are going to be more visible with campaigns.
Most casinos are legal and registered to operate and they are advertising everywhere, not just in forum, you can see them on stadiums, youtube, club shirts and on many other places.
Maybe we are going to see some new big casinos joining bitcointalk to use this chance, and I see this as a good thing.

Hamphser

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Quote from: BenCodie on December 03, 2023, 04:29:01 PM

Quote from: GxSTxV on December 03, 2023, 03:05:53 PM

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

The answer: more stringent KYC.

Is that right? Yes. Casinos are not designed for people to try and achieve privacy. By going to a casino with the primary and only intention to achieve privacy, fill in the blanks. It's not compliant.

How will casinos respond?
How they've responded before. Tighter KYC requirements.

...and as always, even legitimate players will be blindsided and held hostage to sacrifice their identity, their privacy, their sensitive personal information and so much more, just because they chose to deposit into a casino and then tried to withdraw after playing legitimately.

There is one way to keep legitimate privacy and security discussion alive on bitcointalk:
By adding a privacy and cyber security board to the forum

However, it seems theymos doesn't want to do that or even make a comment on it. My guess is because he is closer with LE's and what they want, over what the community wants. I don't blame him as it would come with the forum and it wouldn't be personal choice. It's still disappointing.

For sure it had been tried for ages but money launderers cant really be easily be able to penetrate with gambling business or platforms out there if they would really be planning on making it as a medium
to launder money. Those are regulated businesses on which it they are really that getting in line with government rules and terms on which it is really just that a common thing
that they would really be that putting emphasis on whats been mandated and wont really be totally opposing on whats been put up if they do really want to run the business.
We've seen those KYC implementations and its not something new, launderers cant really be possibly be able to penetrate this.

Strict KYC rules? for sure it would be strenghten on the time that there would really be some focus in correlation to this specially Mixers are on the hotseat as of this moment.
Possible mediums for money laundering would really be monitored for now.

komisariatku

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Quote from: Wiwo on December 03, 2023, 03:15:22 PM

You may like to take a look at that thread:
https://bitcointalksearch.org/topic/m.63263816

Yes, the topic in this thread is actually almost the same as the thread you attached the link to

Quote from: GxSTxV on December 03, 2023, 03:05:53 PM

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

Casinos are not effective for money laundering. Although there are some casinos that allow deposits and withdrawals without KYC, I am sure if the amount is large then the casino will ask for KYC. If an account has been KYCed then money laundering is deemed to have failed

I tend to be more confident that mixers will eventually require KYC for the security of their platforms. Additionally, there is another option using monero (XMR) which has higher privacy. However, getting monero without going through an exchange is also difficult unless using a decentralized exchange. However, I don't mind if money laundering is increasingly difficult to do in crypto because so far what has given crypto a bad image is that it is considered a place for money laundering. If crypto is no longer used as a place for money laundering then that would be great

BenCodie

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Quote from: GxSTxV on December 03, 2023, 03:05:53 PM

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

The answer: more stringent KYC.

Is that right? Yes. Casinos are not designed for people to try and achieve privacy. By going to a casino with the primary and only intention to achieve privacy, fill in the blanks. It's not compliant.

How will casinos respond?
How they've responded before. Tighter KYC requirements.

...and as always, even legitimate players will be blindsided and held hostage to sacrifice their identity, their privacy, their sensitive personal information and so much more, just because they chose to deposit into a casino and then tried to withdraw after playing legitimately.

There is one way to keep legitimate privacy and security discussion alive on bitcointalk:
By adding a privacy and cyber security board to the forum

However, it seems theymos doesn't want to do that or even make a comment on it. My guess is because he is closer with LE's and what they want, over what the community wants. I don't blame him as it would come with the forum and it wouldn't be personal choice. It's still disappointing.

acroman08

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Quote from: GxSTxV on December 03, 2023, 03:05:53 PM

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

don't they already have preventive measures to battle possible money laundering that are acceptable to the regulation(which is also provided to them) whatever license they have or wherever their gambling site's headquarters are? anyway, what I think they can only do here is be more strict on the money laundering rules they already have.

Wiwo

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We already have a discussion going on and i believe this topic is a duplicate of that other topic as relates to the banning of Bitcoin mixers services here on bitcointalk, and its implications on gambling sites which are much more widely different in nature and operations.

You may like to take a look at that thread:
https://bitcointalksearch.org/topic/m.63263816

GxSTxV

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Numerous bad news and developments unfolded this past week, mainly impacting privacy and decentralization. The recent crackdown by United States authorities on well known mixers has serious implications for users and even businesses or projects. Mixers were originally designed to keep users anonymity, and the current situation appears to be so harming for both sides and a slap for bitcoin users as well.

The worse news, is mixers will no longer be allowed in Bitcointalk for any kind of promotions or even discussions. Along with the risk of getting banned because of that means ; Mixers are dead here in BTT.

Now, you may be wondering about the connection between mixers related issues and casinos. The thing lies in casinos capability to facilitate untraceable transactions, enabling scenarios like depositing and withdrawing without a trace, potentially leading to money laundering.

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

Topic: Casinos after the shutdowns of mixers - page 7. (Read 828 times)