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UKGC vs Crypto casinos πŸ˜‚


ISlot

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I found that quite insightful and would not have otherwise seen it if you hadn't shared so thank you.

If you think about the problem - unlicenced gambling - they will never solve this by adopting a blocking approach.

It's clear they see the flow of money as being their best chances of success which is how I would tackle the problem. And I don't think this isn't going to play out well for the crypto fans because the government can and will use their leverage over the financial institutions to block / make those transactions much more difficult. Governments move slowly though and there will be always be workarounds but it'll come eventually.

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On 15/09/2023 at 06:11, PieGamble said:

I found that quite insightful and would not have otherwise seen it if you hadn't shared so thank you.

If you think about the problem - unlicenced gambling - they will never solve this by adopting a blocking approach.

It's clear they see the flow of money as being their best chances of success which is how I would tackle the problem. And I don't think this isn't going to play out well for the crypto fans because the government can and will use their leverage over the financial institutions to block / make those transactions much more difficult. Governments move slowly though and there will be always be workarounds but it'll come eventually.

Unlicensed casinos are not a new thing, they are just more popular now than before.

The UK won't block '' Crypto '' either. Neither do exchanges have a choice where / who you send funds to because EVERYTHING they regulate is always a bypass.

Exchange > Exodus wallet > Crypto site
Β 

Edited by ryans_slots
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14 hours ago, ryans_slots said:

Unlicensed casinos are not a new thing, they are just more popular now than before.

The UK won't block '' Crypto '' either. Neither do exchanges have a choice where / who you send funds to because EVERYTHING they regulate is always a bypass.

Exchange > Exodus wallet > Crypto site
Β 

I actually know some people that work in risk management for cryptos. Where a crypto is regulated as a financial institution the landscape is definitely changing and they are under increasing pressure to prevent/block certain transactions.

As for blocking crypto - that isn't exactly what I said - what I was meaning to imply is they will tighten up that flow of money in both directions but the pressure being put on the big financial institutions.

None of this will happen quickly but it's where I see things heading.

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