Casinos after the shutdowns of mixers

[Ever-young]

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.

Well first of all, mixers would still very much in operation but just not in this forum, so people would still use mixers to go about their businesses. And then secondly, before the mixers were introduced, casinos were already existing and they didn't have to face any of such threats or fear of being used for malicious activities so I believe they'll just be fine, and then again, most casinos has regulations that tackles situations that relates to this so even if mixers would completely be banned from operation, I doubt that casinos would be the next place users would divert their attentions as alternatives.

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[wiss19]

Casinos and mixers are in no way related to each other or have any similarities. A mixer would allow a user to mix their coins and receive coins with no traces or identities whereas a gambling platform wouldn't have an issue finding the person behind a certain transaction since they have the user data available at their disposal. So, the fact that casinos require KYC from users at some point proves that transactions coming out from a casino aren't untraceable because you are the one who made the withdrawal and the casino knows who you are.

If there is anything suspicious about a certain user and if the authorities reach out to the casino, they can easily check all your transactions and gambling history and since you have done KYC with them, they can reach you without a problem. So, I don't think casinos have a threat at all.

Only the casinos that don't ask their users for KYC verification might get in trouble in such situations.

[348Judah]

We should not assume that gambling casinos are having the same service or functions as mixers, what may comes next as well after these is what we remain perplexed about, mixers were only banned on this forum and not on every other platforms online, crypto casinos are also doing well in their businesses offering gambling services and shouldn't be taken for mixers as well, at the end of it all, the government cannot take over the responsibility of making these eradication completely because the more they are shutting them down the more others are coming out and people finding alternatives.

[darkangel11]

potentially leading to money laundering.

Does that justify all the actions take against casinos?
Analogically, you have the potential to kill someone, either using your hands, or a car for that, or a firearm. I don't see countries banning people from using firearm or cars simply because there's a chance they might someone. It's possible that someone will abuse the casino, but there's a chance someone will abuse your computer by sending you a virus that makes your computer send spam. With enough knowledge and dedication you can abuse and damage any of the existing systems, be it financial, political, social...

[letteredhub]

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!

mixer service  is absolutely about privacy and implementing the requirements of KYC for customers does rubbish the usefulness and  purpose for inventing and introducing mixer into cryptocurrency. However, that's the only condition with which the government may likely reconsider their operation again but only that it doesn't make sense at all and it's unacceptable if we're talking upholding privacy.  
Casino from inception are known for eventual requesting of KYC even if they never did at registration they will at a point certain size of amount of money is to be withdrawn, this they do in line with the conditions of the  license given by the government. Imo, should mixer accept to implement KYC any mixing activity done by a customer is nothing but a facade. What is the need for  mixing when you're already KYCed?

[Nwada001]

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.

If casinos can be able to do the work of a mixer inside a casino, then that's not just a casino, but could be called something else – or we will say, it's a casino with an inbuilt mixing service enabled.
 
Let's just use it as a casino, but it's not a casino. Let's use something like any form of business, where someone opens a legitimate business and gets it licensed under a government, but behind that business they are running an illegal business, which they are using the real one to cover up. So any casino which has such features could also be brought down, if they get big enough to attract government attention.
 
So to me, few casinos might try to add such feature, but I don't think that will be the next moves for those who are in the mixing industry, they will not want to take that part, and beside, casinos are mostly licensed and when they gets knocked out, they could easily trace the owners of such, so they won't want to do such.

[boyptc]

~snip~

Okay lets try to assess things on here;

Are there any casinos that had been shut down by the government just because of some privacy issues here on this market or into this forum itself?
I didnt remember any platforms who had been able to experience such thing but rather those platforms or companies had closed their doors usually in speaking or pertaining
about on not being profitable and not into some legal issues. They had been existing for a while but i dont see any situations that do connects out with legality
or some culprits in between the government.

I also don't remember one and that's why I am not thinking of it any single inch because there's a little to no chance that it will happen.

So i dont really see any connections in regarding with the recent mixers situations into these gambling platforms or businesses. They do function out differently
on which it is really just that a common approach.

Yes, and that's why we should just leave it there because it's not going to happen at least for now and let's just have that confidence that it will not going to come close unless for those that don't do their compliance that's asked to do.

[xLays]

I think there's nothing different. Mixers only use BitcoinTalk for marketing to target their potential customers. Users can use Google or any search engine or do their own research to determine which mixer to use. There are many ways to go about mixing your bitcoin they were just limited or banned here in BitcoinTalk. They can still operate if they want. The thing is, their potential customer base just got lower and BitcoinTalk just wants to warn their community about what bitcoin mixers can do to their community life.

[goxcraft]

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.

[dothebeats]

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.

[Litzki1990]

We should not assume that gambling casinos are having the same service or functions as mixers, what may comes next as well after these is what we remain perplexed about, mixers were only banned on this forum and not on every other platforms online, crypto casinos are also doing well in their businesses offering gambling services and shouldn't be taken for mixers as well, at the end of it all, the government cannot take over the responsibility of making these eradication completely because the more they are shutting them down the more others are coming out and people finding alternatives.

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.

[retreat]

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.

[davis196]

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.

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).

[Jawhead999]

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.

[Z390]

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.

[Saisher]

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.

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.

[irhact]

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.

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.

[arwin100]

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.

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.

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.

[Synchronice]

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.

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.

[maydna]

Let's hope it's not related to crypto casinos. However, casinos may take serious action to address the recent incidents at mixers by increasing supervision of their users. Crypto casinos will tighten their regulations, and casinos may immediately implement KYC on their users. By implementing this verification, the casino can at least monitor its members who deposit and withdraw large amounts of money. If the government asks questions about money laundering cases, the casino can provide its data for further investigation. Current conditions are increasingly difficult for crypto casinos because they are being monitored more closely by the government, so they have to be more careful in running their business.

All of those are possibiities.

But I don't think that they're going to take it seriously when majority of them are registered and have a trademark unlike the mixers that have unknown developers or owners behind.

Maybe they'll take it as a precaution to do their jobs better and monitor more players accurately. Other than that, I don't see something serious that shall go with the casinos.

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.