Topic: The most liquid companies in the gambling industry - page 2. (Read 2820 times)
If we are choosing on criterial to use in making selection of a gambling platform, then we can take into consideration the most liquid gambling platforms, but however, we must never forget that there is nothing in using this indication as a means to having our satisfaction with them because that alone is not what should constitute the measure we are going to use in other to make our preferred gambling platform selection
I also think that the time will come when casino associations will achieve the legal possibility of anonymous payments in cryptocurrency. This is simply the logic of developments in the gaming market. You can’t just lose millions of potential customers who bring millions of dollars in revenue to the casino.
I think that this is just the most important thing because when you take things into consideration to make anonymous payments that is something viable that many will pursue, so when we are looking at how to establish something better to be able to generate better benefits for ourselves, we could talk Of privacy coins, there are many, of course the best known is Monero and that is the one we always have to see but in almost all exchanges they have eliminated it, which means that it is very good. , but there are others, so one solution will be to transact with at least one privacy currency.
There is no doubt about that, I personally could say that things can be very usable in terms of those who can put them to use, I know that in many cases corrupt rulers and people who have always done evil to the world have done so with fiat money, we cannot blame the fiat money for the crimes of some people, so sometimes seeing that they say that they have been robbed and that they have done things to be able to establish themselves better in terms of crypto, well it doesn't make much sense to me that they think Thanks to crypto, more thefts can be made these days, all of these are simply tools.
The things that are referred to crypto, the people who hate them invent all kinds of excuses to make them look bad, then based on anonymity and all this that they want to remove, well they simply want to remove it so that everything is exposed, and Those who use crypto, casinos and all this may be exposed.
The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Now that cryptocurrency was introduced, it became an added headache for them for obvious reasons, and if you were the top leader in the government, would you feel differently if you were genuine? As we know, it takes harder tasks to solve the puzzles of cryptocurrencies than fiats, and the common claims that criminals are using fiats are not even a contention here because the government will never deny that. But it seems people continue to reference it which is supposed not to be so because the primary concern of any responsible government is to build and maintain a sane system where illicit flows will not happen talkless of causing the financing of terrorism, trafficking and others. The only way they can do this is to get better control of cryptocurrency which is what they're trying to do these days through various regulations, and this is for the good of all as decentralisation will always come with its danger whether we like it or not.
There is a dual effect on bitcoin holdings and crypto that is difficult to remove. On one side you are using it because it attracks a certain kind of use that uses crypto to play over and over and sometime they might be linked with crime. However the effect also plays against in the sense of the seriousness and credibility of the flows and that is the con to the pro.
That alone should ring a huge bell in the head of any right-thinking person that this industry needs more regulation. It is such an industry that was created with the intention of making the government have no say, but now, with its loose ends, the government is making improvements in doing its best for the sanity of the world, which I am 100% in support of. Or else, it becomes worse issues over time if such menace is not checked now. Regulation is the key, and I implore strict regulation still, after all, if anyone has nothing to hide, there can't be fear. The fear of what? So long as cryptocurrency is legal in your country, then leave the government alone to do what they need to do. That's my advice for everyone, by the way.
There is no doubt about that, I personally could say that things can be very usable in terms of those who can put them to use, I know that in many cases corrupt rulers and people who have always done evil to the world have done so with fiat money, we cannot blame the fiat money for the crimes of some people, so sometimes seeing that they say that they have been robbed and that they have done things to be able to establish themselves better in terms of crypto, well it doesn't make much sense to me that they think Thanks to crypto, more thefts can be made these days, all of these are simply tools.
The things that are referred to crypto, the people who hate them invent all kinds of excuses to make them look bad, then based on anonymity and all this that they want to remove, well they simply want to remove it so that everything is exposed, and Those who use crypto, casinos and all this may be exposed.
The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Now that cryptocurrency was introduced, it became an added headache for them for obvious reasons, and if you were the top leader in the government, would you feel differently if you were genuine? As we know, it takes harder tasks to solve the puzzles of cryptocurrencies than fiats, and the common claims that criminals are using fiats are not even a contention here because the government will never deny that. But it seems people continue to reference it which is supposed not to be so because the primary concern of any responsible government is to build and maintain a sane system where illicit flows will not happen talkless of causing the financing of terrorism, trafficking and others. The only way they can do this is to get better control of cryptocurrency which is what they're trying to do these days through various regulations, and this is for the good of all as decentralisation will always come with its danger whether we like it or not.
There is a dual effect on bitcoin holdings and crypto that is difficult to remove. On one side you are using it because it attracks a certain kind of use that uses crypto to play over and over and sometime they might be linked with crime. However the effect also plays against in the sense of the seriousness and credibility of the flows and that is the con to the pro.
Once you provide your kyc forget about you identity, it might not be revealed to large number of people but what I do know is they know about you already .
That's one of the biggest fear on why some cannot pass on the KYC policy, but eventually all casinos will require KYC and we have no choice. They are regulated, therefore we have to trust them, yes, the trust is very important, otherwise we'll just choose a decentralized gambling which I don't know if there are games that are popular in their.
And @Russlenat, you are certainly on the right point, you've said what any reasonable person should say. In the world we live in, had it been that there was no crime, there would not have been a thing like the KYC completion, it had never existed decades ago. But due to the reality of the world we are in now, it exists, it is we who should support the course and not complain even as we find means to protect ourselves. As it is now, good centralised systems do not have a choice, they would ask you for it. But if the gambler is so determined to preserve his details against KYC sharing, he can opt for the decentralised system, it is not by force.
The points of view that you spoke are very good, yes, and they should be repeated. However, I do not see this KYC as a big deal, I see it as something bad, it is not good to give your data on any platform, only on those that are already known. It is very difficult for a trap, scam or something improper to happen but the majority of casinos ask for KYC in response to the regulatory processes, so in this case everything possible should be done to hardly leave our data anywhere because if We leave our IDs, who defends us from our data? We are leaving the damage to the hand of God and let it be what God wants, and that does not seem to me, every platform can be compromised, hacked and that can later generate problems.
Once you provide your kyc forget about you identity, it might not be revealed to large number of people but what I do know is they know about you already .
That's one of the biggest fear on why some cannot pass on the KYC policy, but eventually all casinos will require KYC and we have no choice. They are regulated, therefore we have to trust them, yes, the trust is very important, otherwise we'll just choose a decentralized gambling which I don't know if there are games that are popular in their.
And @Russlenat, you are certainly on the right point, you've said what any reasonable person should say. In the world we live in, had it been that there was no crime, there would not have been a thing like the KYC completion, it had never existed decades ago. But due to the reality of the world we are in now, it exists, it is we who should support the course and not complain even as we find means to protect ourselves. As it is now, good centralised systems do not have a choice, they would ask you for it. But if the gambler is so determined to preserve his details against KYC sharing, he can opt for the decentralised system, it is not by force.
In addition to Monero, there are several other privacy coins, but they are not so popular and promoted in the cryptocurrency payment markets.
But indeed, by the actions that regulators in different countries apply to Monero, one can judge the general direction of the fight against privacy and anonymous payments in general. Monero is simply the most famous such cryptocurrency and the vector for its application of indicators in all respects.
But, yeah, this type of ban on different exchanges in different countries clearly shows an attack on confidentiality and, in general, on the right of players and cryptocurrency users in general to anonymous payments. Unfortunately, the argument about the need to combat money laundering and KYC / AML is indeed a very powerful argument in the fight against crime, and such a right to confidentiality can only weakly resist such a general reason for stopping anonymous payments.
For now, anyway, that's how it is.
But indeed, by the actions that regulators in different countries apply to Monero, one can judge the general direction of the fight against privacy and anonymous payments in general. Monero is simply the most famous such cryptocurrency and the vector for its application of indicators in all respects.
But, yeah, this type of ban on different exchanges in different countries clearly shows an attack on confidentiality and, in general, on the right of players and cryptocurrency users in general to anonymous payments. Unfortunately, the argument about the need to combat money laundering and KYC / AML is indeed a very powerful argument in the fight against crime, and such a right to confidentiality can only weakly resist such a general reason for stopping anonymous payments.
For now, anyway, that's how it is.
You are right, but I think that over time the problems with privacy coins should improve, because since people no longer want to play with Coins like bitcoin or others because they are tracked, well, I think the industry should Adapt to those demands. , then it is one of the things that has to happen, the casinos have to give in and assume that they have to do things as they want in their Community, because there will come a time when they will not play anymore, because nobody likes to be taxed worse by betting in a casino , or because of a casino and its KYC things get out of control and maybe the players don't like this.
Now I even think that exactly more than half of all online gambling players in cryptocurrency in the world will not bother with identity verification. And this is a huge customer market that casinos should not ignore and lose. After all, they compete and fight for customers. On the other hand, all of them, if they are a legitimate business, are influenced by laws and regulators. And accordingly, law-abiding casinos are forced to require KYC from clients. By the way, for the casino this is an extra expense for maintaining confidential customer data and its security.
I also think that the time will come when casino associations will achieve the legal possibility of anonymous payments in cryptocurrency. This is simply the logic of developments in the gaming market. You can’t just lose millions of potential customers who bring millions of dollars in revenue to the casino.
In addition to Monero, there are several other privacy coins, but they are not so popular and promoted in the cryptocurrency payment markets.
But indeed, by the actions that regulators in different countries apply to Monero, one can judge the general direction of the fight against privacy and anonymous payments in general. Monero is simply the most famous such cryptocurrency and the vector for its application of indicators in all respects.
But, yeah, this type of ban on different exchanges in different countries clearly shows an attack on confidentiality and, in general, on the right of players and cryptocurrency users in general to anonymous payments. Unfortunately, the argument about the need to combat money laundering and KYC / AML is indeed a very powerful argument in the fight against crime, and such a right to confidentiality can only weakly resist such a general reason for stopping anonymous payments.
For now, anyway, that's how it is.
But indeed, by the actions that regulators in different countries apply to Monero, one can judge the general direction of the fight against privacy and anonymous payments in general. Monero is simply the most famous such cryptocurrency and the vector for its application of indicators in all respects.
But, yeah, this type of ban on different exchanges in different countries clearly shows an attack on confidentiality and, in general, on the right of players and cryptocurrency users in general to anonymous payments. Unfortunately, the argument about the need to combat money laundering and KYC / AML is indeed a very powerful argument in the fight against crime, and such a right to confidentiality can only weakly resist such a general reason for stopping anonymous payments.
For now, anyway, that's how it is.
You are right, but I think that over time the problems with privacy coins should improve, because since people no longer want to play with Coins like bitcoin or others because they are tracked, well, I think the industry should Adapt to those demands. , then it is one of the things that has to happen, the casinos have to give in and assume that they have to do things as they want in their Community, because there will come a time when they will not play anymore, because nobody likes to be taxed worse by betting in a casino , or because of a casino and its KYC things get out of control and maybe the players don't like this.
If we talk about Monero, I only read two days ago that trading of this confidential coin on the exchanges of Belgium and Ireland is actually prohibited. Here is another example of such an attack on human rights to privacy and confidentiality of information about personal life.
It’s a shame, of course, that such an invention as Bitcoin and cryptocurrency is increasingly losing confidentiality. But I still hope that over time, for these payment options in the world, the issue of the existence of a separate sector of anonymous payments will still be formed and the issue of the existence of a separate sector of anonymous payments will be resolved by law. It seems to me that this is a necessary part of the lives of many people and regulation in this area should still be done.
Now, of course, the process is going in the wrong direction, but it will slow down and win back its rights to confidentiality. It's just a long process. It is unclear when this will be.
Well, you are absolutely right about that, I did not know that in those markets they had removed Monero from that situation, because knowing what governments are like and the actions they can take, it is very obvious that they wanted to silence all these projects, because it obviously goes against of their interests, and this is something that they want to have more control, they know that with Monero they lose control, there is more leakage of information that they will not see, and this is something that will not end now, this will be more and more persecution, I am sure that In the near future they will threaten that those who transact with Monero will sanction them.
But indeed, by the actions that regulators in different countries apply to Monero, one can judge the general direction of the fight against privacy and anonymous payments in general. Monero is simply the most famous such cryptocurrency and the vector for its application of indicators in all respects.
But, yeah, this type of ban on different exchanges in different countries clearly shows an attack on confidentiality and, in general, on the right of players and cryptocurrency users in general to anonymous payments. Unfortunately, the argument about the need to combat money laundering and KYC / AML is indeed a very powerful argument in the fight against crime, and such a right to confidentiality can only weakly resist such a general reason for stopping anonymous payments.
For now, anyway, that's how it is.
If we talk about Monero, I only read two days ago that trading of this confidential coin on the exchanges of Belgium and Ireland is actually prohibited. Here is another example of such an attack on human rights to privacy and confidentiality of information about personal life.
It’s a shame, of course, that such an invention as Bitcoin and cryptocurrency is increasingly losing confidentiality. But I still hope that over time, for these payment options in the world, the issue of the existence of a separate sector of anonymous payments will still be formed and the issue of the existence of a separate sector of anonymous payments will be resolved by law. It seems to me that this is a necessary part of the lives of many people and regulation in this area should still be done.
Now, of course, the process is going in the wrong direction, but it will slow down and win back its rights to confidentiality. It's just a long process. It is unclear when this will be.
Well, you are absolutely right about that, I did not know that in those markets they had removed Monero from that situation, because knowing what governments are like and the actions they can take, it is very obvious that they wanted to silence all these projects, because it obviously goes against of their interests, and this is something that they want to have more control, they know that with Monero they lose control, there is more leakage of information that they will not see, and this is something that will not end now, this will be more and more persecution, I am sure that In the near future they will threaten that those who transact with Monero will sanction them.
Once you provide your kyc forget about you identity, it might not be revealed to large number of people but what I do know is they know about you already .
That's one of the biggest fear on why some cannot pass on the KYC policy, but eventually all casinos will require KYC and we have no choice. They are regulated, therefore we have to trust them, yes, the trust is very important, otherwise we'll just choose a decentralized gambling which I don't know if there are games that are popular in their.
Apart from leakage, if a company later becomes a scam I guess that sucks even more 
, although we have nothing to do about it maybe someday inches future the system of Kyc will be completely scrapped but for now we have no choice than to continue paying our kyc debts.... and for the companies they will also continue obeying the government once they need some details about a kyc in as much they are under the government unless they don't want to lose their licence and go off business.
When they are regulated and they scam, the government will go after them. There's nothing we can do about that anymore as even those gambling sites that have the best reputation now can become a scam something, so like what I've mentioned, that's the risk of KYC. , although we have nothing to do about it maybe someday inches future the system of Kyc will be completely scrapped but for now we have no choice than to continue paying our kyc debts.... and for the companies they will also continue obeying the government once they need some details about a kyc in as much they are under the government unless they don't want to lose their licence and go off business. There have always been alot of misconceptions and propaganda again cryptocurrency and bitcoin most especially which is why we see alot of attacks from various government a and some of it agencies around the world, even though all the criminal who use the fiat monetary process have been left unchecked and uncaught until now, but their are quick to sponsor hate statements against the industry today.
The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Cryptos are a tool, and when tools are good enough, they can be used for good and evil. But i wouldn't pretend that no one would use it for money laundering etc. Just because i am not doing anything shady with it, i definitely see how it's possible. Especially nft markets opened my eyes on that and trying to hide origins of the crypto and mixers were quite a giveaway. Also i am certain that some people try to use some non-kyc casinos for money trail obfuscation.The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Some propaganda against cryptos is based on pure ignorance and can be easily shot down as fud, and no matter who is spreading that i wouldn't be that worried about it. Cryptos probably will stay misunderstood until i die, but i don't see mandatory KYCs for example as hatred towards crypto. I see it as governments acknowledging it as a wealth transferring tool, and this is their way to validate it, by regulating it. And even though people think it's an attact towards privacy, until ZK solution for IDs is out there, transparency and auditability for all is best way to tackle corruption. While pure anonymity would feed it.
Well, the problem of all the casinos with the clients has been the KYC, the cryptocurrencies now do not give privacy, the only coin that I see that gives privacy and anonymity is Monero and you can't even find it on Binanace, so this type of coins They are the ones that can give us that privacy, but everyone has already aligned themselves so that they do not give privacy or anonymity, that is already ending, there are only the decentralized casinos that do not require this requirement, but the governments are already there and have the Look at these casinos, they don't want to leave us alone, they want to control absolutely everything, I believe there will come a time where crypto methods will be managed from wallet to site and from site to wallet so that these things no longer get out of control with the KYC and only with casinos that are decentralized.
If we talk about Monero, I only read two days ago that trading of this confidential coin on the exchanges of Belgium and Ireland is actually prohibited. Here is another example of such an attack on human rights to privacy and confidentiality of information about personal life.
It’s a shame, of course, that such an invention as Bitcoin and cryptocurrency is increasingly losing confidentiality. But I still hope that over time, for these payment options in the world, the issue of the existence of a separate sector of anonymous payments will still be formed and the issue of the existence of a separate sector of anonymous payments will be resolved by law. It seems to me that this is a necessary part of the lives of many people and regulation in this area should still be done.
Now, of course, the process is going in the wrong direction, but it will slow down and win back its rights to confidentiality. It's just a long process. It is unclear when this will be.
There have always been alot of misconceptions and propaganda again cryptocurrency and bitcoin most especially which is why we see alot of attacks from various government a and some of it agencies around the world, even though all the criminal who use the fiat monetary process have been left unchecked and uncaught until now, but their are quick to sponsor hate statements against the industry today.
The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Cryptos are a tool, and when tools are good enough, they can be used for good and evil. But i wouldn't pretend that no one would use it for money laundering etc. Just because i am not doing anything shady with it, i definitely see how it's possible. Especially nft markets opened my eyes on that and trying to hide origins of the crypto and mixers were quite a giveaway. Also i am certain that some people try to use some non-kyc casinos for money trail obfuscation.The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Some propaganda against cryptos is based on pure ignorance and can be easily shot down as fud, and no matter who is spreading that i wouldn't be that worried about it. Cryptos probably will stay misunderstood until i die, but i don't see mandatory KYCs for example as hatred towards crypto. I see it as governments acknowledging it as a wealth transferring tool, and this is their way to validate it, by regulating it. And even though people think it's an attact towards privacy, until ZK solution for IDs is out there, transparency and auditability for all is best way to tackle corruption. While pure anonymity would feed it.
Well, the problem of all the casinos with the clients has been the KYC, the cryptocurrencies now do not give privacy, the only coin that I see that gives privacy and anonymity is Monero and you can't even find it on Binanace, so this type of coins They are the ones that can give us that privacy, but everyone has already aligned themselves so that they do not give privacy or anonymity, that is already ending, there are only the decentralized casinos that do not require this requirement, but the governments are already there and have the Look at these casinos, they don't want to leave us alone, they want to control absolutely everything, I believe there will come a time where crypto methods will be managed from wallet to site and from site to wallet so that these things no longer get out of control with the KYC and only with casinos that are decentralized.
There have always been alot of misconceptions and propaganda again cryptocurrency and bitcoin most especially which is why we see alot of attacks from various government a and some of it agencies around the world, even though all the criminal who use the fiat monetary process have been left unchecked and uncaught until now, but their are quick to sponsor hate statements against the industry today.
The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Cryptos are a tool, and when tools are good enough, they can be used for good and evil. But i wouldn't pretend that no one would use it for money laundering etc. Just because i am not doing anything shady with it, i definitely see how it's possible. Especially nft markets opened my eyes on that and trying to hide origins of the crypto and mixers were quite a giveaway. Also i am certain that some people try to use some non-kyc casinos for money trail obfuscation.The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Some propaganda against cryptos is based on pure ignorance and can be easily shot down as fud, and no matter who is spreading that i wouldn't be that worried about it. Cryptos probably will stay misunderstood until i die, but i don't see mandatory KYCs for example as hatred towards crypto. I see it as governments acknowledging it as a wealth transferring tool, and this is their way to validate it, by regulating it. And even though people think it's an attact towards privacy, until ZK solution for IDs is out there, transparency and auditability for all is best way to tackle corruption. While pure anonymity would feed it.
We know quite alright that gambling companies have this money but they have decided not to go loud about it because they don't want the eye on them to set target from the government regulations and the likes,
we knew the government and also know how they are working to take money from every businesses so what more in gambling business that they knew how money is flowing each minute.
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there are some as well in which this category of gambling platforms are just coming up in building an environment of trust that will lead to their stay and with time they enlarge in coast with what they offers, this are the kinds that started small and mean business and later got developed whereby money is never a problem for them anymore.
but that is hard for the gamblers to trust a casino that has small capital or starting small because we are talking about winning or potential wins of each players most specially when they
hit jackpot it is the obligation that they need to face.
However, it is a means that can reveal our identities as well, which is the only valid issue people always point to. Because such identities revealed to the company through the KYC could be leaked, thereby compromising our privacy in one way or another. Nonetheless, once you are a centralised company, you must obey some regulations and rules, unless you are not answerable to any country or authority. This kind of arrangement will even make customers wary of such companies and might reduce patronage which can bring about liquidity to the companies that aspire growth.
Apart from leakage, if a company later becomes a scam I guess that sucks even more
, although we have nothing to do about it maybe someday inches future the system of Kyc will be completely scrapped but for now we have no choice than to continue paying our kyc debts.... and for the companies they will also continue obeying the government once they need some details about a kyc in as much they are under the government unless they don't want to lose their licence and go off business. These can only be possible through data leakage and the completion of KYC is responsible for that. But this can't end as you thought, it can only be done better. Perhaps, in the future, the government can restructure the way companies cheaply have assets to our details, what if they are bad? Each government might create their national data bank for this purpose where details and documents can be dumped in favour of a certain company and get verified instead of the companies themselves. By that, the companies would have satisfied the government's demand but not necessarily have to possess the documents of their customers directly, except for the communicating details like the email and phone number for security reasons.
However, it is a means that can reveal our identities as well, which is the only valid issue people always point to. Because such identities revealed to the company through the KYC could be leaked, thereby compromising our privacy in one way or another. Nonetheless, once you are a centralised company, you must obey some regulations and rules, unless you are not answerable to any country or authority. This kind of arrangement will even make customers wary of such companies and might reduce patronage which can bring about liquidity to the companies that aspire growth.
Apart from leakage, if a company later becomes a scam I guess that sucks even more
, although we have nothing to do about it maybe someday inches future the system of Kyc will be completely scrapped but for now we have no choice than to continue paying our kyc debts.... and for the companies they will also continue obeying the government once they need some details about a kyc in as much they are under the government unless they don't want to lose their licence and go off business. as decentralisation will always come with its danger whether we like it or not.
I also think that, everything brings its dangers, so the decentralization of industries can sometimes produce certain things that can be very difficult and counterproductive because I have always preferred things to be done centrally, but if there is no anonymity, you have to take the risk. Furthermore, other types of things have to be done, so the decentralized thing scares me, because if I have a problem, will they take care of it all at once?
When there is a centralized casino, the tension is immediate, the only bad thing is that they require KYC and that it be done all at once, that is what I cannot conceive, for that reason it is because centralized ones as a player trust more, which is the more liquid between centralized and decentralized cases? I don't know, it may be that the decentralized one is too honest, but the topic that encompasses everything is the blessed KYC.
However, it is a means that can reveal our identities as well, which is the only valid issue people always point to. Because such identities revealed to the company through the KYC could be leaked, thereby compromising our privacy in one way or another. Nonetheless, once you are a centralised company, you must obey some regulations and rules, unless you are not answerable to any country or authority. This kind of arrangement will even make customers wary of such companies and might reduce patronage which can bring about liquidity to the companies that aspire growth.
There is no doubt about that, I personally could say that things can be very usable in terms of those who can put them to use, I know that in many cases corrupt rulers and people who have always done evil to the world have done so with fiat money, we cannot blame the fiat money for the crimes of some people, so sometimes seeing that they say that they have been robbed and that they have done things to be able to establish themselves better in terms of crypto, well it doesn't make much sense to me that they think Thanks to crypto, more thefts can be made these days, all of these are simply tools.
The things that are referred to crypto, the people who hate them invent all kinds of excuses to make them look bad, then based on anonymity and all this that they want to remove, well they simply want to remove it so that everything is exposed, and Those who use crypto, casinos and all this may be exposed.
The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight.
Now that cryptocurrency was introduced, it became an added headache for them for obvious reasons, and if you were the top leader in the government, would you feel differently if you were genuine? As we know, it takes harder tasks to solve the puzzles of cryptocurrencies than fiats, and the common claims that criminals are using fiats are not even a contention here because the government will never deny that. But it seems people continue to reference it which is supposed not to be so because the primary concern of any responsible government is to build and maintain a sane system where illicit flows will not happen talkless of causing the financing of terrorism, trafficking and others. The only way they can do this is to get better control of cryptocurrency which is what they're trying to do these days through various regulations, and this is for the good of all as decentralisation will always come with its danger whether we like it or not.
It has always been like this with the problem of governments, there are many things that they always want to make profits from, they are very smart and want to see the profits for themselves, but I think this is something very common that all governments in the world are like this They want to take away something over which they have no control, that is the biggest problem of a government, apart from that they say that cryptocurrencies can decapitalize their economy but if this happens, is it that the fiat economy is so weak? I would believe so, that is why they make those decisions, apart from the fact that it is something in which we are always going to focus on doing things that do not make much sense, for example if we look at the most valuable industries such as the casino, in my country it is already They know the situation, they demand a good part of their profits to be able to operate, so in some way they are earning something, and we also do not know if the Kyc requirements are like that. That in the future they require more taxes, so sometimes industries have more liquidity, can bring these complications on the part of governments.
It is likely that the massive offensive of financial clans and, after them, governments, which are not elected by the people at all, but who are put in charge of the countries by these very clans, will continue. Democracy in its classical sense can now apparently be forgotten and not remembered. And such an attack on human rights obviously leads to complete total control over the financial transactions of ordinary people. It is also obvious that as Bitcoin and cryptocurrencies become more and more common in legal payments, for example due to the legalization of spot Bitcoin ETFs, the implementation of KYC by these financial clans and authorities will intensify. And this primarily concerns the gambling industry, this goes without saying.
Even I don’t really imagine how to defend my right to anonymity in crypto payments in transactions such as cryptocurrency being exchanged for local fiat money.
Even I don’t really imagine how to defend my right to anonymity in crypto payments in transactions such as cryptocurrency being exchanged for local fiat money.
All this is very true, I personally always make any type of payment that involves taxes or something like that, and it is better to do it through normal payment with the same local currency, it is much better, sometimes paying with foreign currency It can be synonymous with They Subject us to a possible investigation, however I know that in many Countries in the world what matters is that they have dollars to be able to pay and carry out all these processes in the best way, I have always said something, yes I am in a sensitive country about it , it is best to pay with local currency to avoid future inconveniences.
For those who want to maintain anonymity, it is recommended to use normal fiat payment, for payments with crypto it is not highly recommended to do so because in general they always indicate or usually ask for the person's data, then this is recorded with all the data, and when it is payments that the person makes with bitcoin because it is an indication of monitoring them.
Of course, blockchain technology in general always allows you to accurately trace the entire sequence of data on where and where cryptocurrencies are moving, where and how they are exchanged, and in general the entire financial history of their use by a specific person or organization.
For this reason, in terms of maintaining anonymity, of course, cryptocurrency is inferior to cash and paper money. But cryptocurrency is significantly superior in anonymity to ordinary bank transfers and the use of plastic cards, even non-personal plastic cards. And as we found out, anonymity is sometimes needed by any person, and I’m not talking about some kind of money and transfers from scammers and criminal transactions. These also exist in large numbers, of course, but it seems to me that 99% of criminal payments use paper cash or complicated regular bank transfers.
But of course, I don’t know the real statistics on the use of cryptocurrencies by criminals.
I also think that its importance in the criminal world is clearly exaggerated by the representatives of the security forces themselves. This is logical and it kind of comes to mind when justifying the complexity of law enforcement work for their own marketing purposes. And therefore this is an excuse for receiving a lot of money from the country’s budget to combat such crimes.
There is no doubt about that, I personally could say that things can be very usable in terms of those who can put them to use, I know that in many cases corrupt rulers and people who have always done evil to the world have done so with fiat money, we cannot blame the fiat money for the crimes of some people, so sometimes seeing that they say that they have been robbed and that they have done things to be able to establish themselves better in terms of crypto, well it doesn't make much sense to me that they think Thanks to crypto, more thefts can be made these days, all of these are simply tools.
The things that are referred to crypto, the people who hate them invent all kinds of excuses to make them look bad, then based on anonymity and all this that they want to remove, well they simply want to remove it so that everything is exposed, and Those who use crypto, casinos and all this may be exposed.
I think that in fact, of course, cryptocurrency is used in fraudulent schemes no more often than ordinary fiat money, cash first of all. But the image of money for criminals has been thoroughly created for cryptocurrencies and it is clearly supported by all governments, which in turn are practically proxies of the global banking system. And of course, bankers treat cryptocurrency like a bone in the throat, and it must be dealt with once and for all, so that it does not interfere in the field where the bankers play. This is what results in constantly creating the image of cryptocurrency as criminal money for criminals, although in essence it is simply an alternative financial system. But in any case, she exists thanks to the genital invention of Satoshi and she is a clear competitor to the bankers with their dollars and she interferes with them, this is obvious. So everyone will continue to see such attacks with accusations.
Sometimes they also drag in a generally delusional argument about the dangers of Bitcoin mining for the environment. I won’t even comment on this frivolous nonsense invented by “green dreamers”.
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