“While casinos and junkets have for years served as vehicles for regional underground banking and money laundering, the proliferation of … underregulated cryptocurrency exchanges has changed the game, allowing for faster anonymized movement of funds"
From a 2024 UN report on money-laundering in casinos in South East Asia
Money laundering with casinos and with crypto aren’t necessarily separate issues, particularly with the rise of online and digital gambling.
Casinos can be and often are fined if regulators suspect money laundering - the majority have systems in place to crack down on it. Crypto is part of this arms race between casinos and criminals.
Yes, crypto is rising to the level of corruption of the usd but isn’t there yet. One big difference, you can print more usd(and do all the time at a heafty rate). You can’t print more btc. Ever.
“While casinos and junkets have for years served as vehicles for regional underground banking and money laundering, the proliferation of … underregulated cryptocurrency exchanges has changed the game, allowing for faster anonymized movement of funds"
From a 2024 UN report on money-laundering in casinos in South East Asia
Money laundering with casinos and with crypto aren’t necessarily separate issues, particularly with the rise of online and digital gambling.
Casinos can be and often are fined if regulators suspect money laundering - the majority have systems in place to crack down on it. Crypto is part of this arms race between casinos and criminals.
Yes, crypto is rising to the level of corruption of the usd but isn’t there yet. One big difference, you can print more usd(and do all the time at a heafty rate). You can’t print more btc. Ever.