Anonymity is no longer a benefit of gambling with cryptocurrency. - page 8.

Distinctin

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Quote from: noormcs5 on August 11, 2023, 10:54:51 AM

Quote from: so98nn on August 11, 2023, 10:40:25 AM

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

The issue here is not whether a gambling site is centralized or not, as it cannot be argued that centralized casinos have been dominating the industry. The difference lies in the type of currency. For us crypto enthusiasts, we prefer gambling using crypto.

Speaking about centralized casinos automatically implies regulation; hence, KYC is required as a basic requirement. However, there are still gambling sites that do not implement it for all of their clients. This is something we can take advantage of if we are looking to gamble anonymously.

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Quote from: noormcs5 on August 11, 2023, 10:54:51 AM

Quote from: so98nn on August 11, 2023, 10:40:25 AM

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

Being anonymous is now a luxury on crypto caainos. Most reputable casinos are now collcting KYC for different reasons like abiding the law, can also be a precaution to abusers and cheaters. It's hard to find a keeper casino that doesn't full collect KYC. We can see new casinos offering no kyc collecting as some kimd of feature to lure people who want anonimity but the drawback is their legimitacy is not verified also given that they don't have a license knowing that they don't collect KYC. Being purely anonymous on an crypto casino right now has it's own risks.

noormcs5

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Quote from: so98nn on August 11, 2023, 10:40:25 AM

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

so98nn

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I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

Coin_trader

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Quote from: Dr.Bitcoin_Strange on August 11, 2023, 10:23:48 AM

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

You’re right on your take regarding the reason behind centralized services requiring KYC. IIRC the main reason why this centralized services aims to get licensed to operate legally is because they are accepting fiat as currency to their service which makes them legally obligated to follow the government law in regards with fiat AML.

Decentralized services such as DeFi and real decentralized casino usually doesn’t need license to operate since crypto currency is not a legal tender or nor regulated on most of the currency. It can be considered as play money only unless the specific country already have a rules on cryptocurrency regulation like US and EU.

Apocollapse

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Quote from: Dr.Bitcoin_Strange on August 11, 2023, 10:23:48 AM

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

After all it's about trust and there's a possibility of worst scenario could happen.

A legit no KYC casino is operated illegally, but the casino operated by good people, they will not scam. But there's a casino has license and ask KYC, they started to be a legit casino and then suddenly become a scam casino.

Similar like mixer where they're become the third party who mix the coins and know the input and output of the address, if they get caught, they could give the private information to the government.

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Quote from: Mahanton on August 10, 2023, 04:56:39 PM

So far we do still have platforms that doesnt ask out some KYC as long you arent doing or violating something inside their terms then you could actually say that you do able to make yourself that somewhat safe
and also if you dont able to reach out that kind of amount threshold in speaking about deposits or withdrawal then they wont really be asking out but of course expect the unexpected on which there's always a tendency
that they would be asking out which its not really that shocking anymore.

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

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The essence of cryptocurrency is being secured and anonymity. With the centralized platform, the players do not have any more rights because upon creating an account, they agree with the terms and conditions that there's the information needed for them to proceed to make a gamble, be entertained, and more. Some casinos offer a non-KYC or at least a level 1 KYC etc, which requires an email and phone number for part of the verification for account recoveries. The essence of being anonymous might not as we expect. Some trouble with accounts now requires a higher level of KYC that makes the player more expose with the data privacy.

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Quote from: bettercrypto on August 11, 2023, 04:41:31 AM

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

As long as they are not cheating and trying to launder money it seems like they don't need to send their identity and keep playing anonymously, without having to complete KYC as well, make sure to play honestly and know the requirements they apply, so far there are big casinos that don't ask for KYC to users who withdraw thousands of dollars like Stak.

So I think it depends on how the gambler plays, playing honestly will make him play anonymously without having to complete KYC on the gambling platform, even so there is nothing we can do to circumvent the existing regulations, because almost all licensed casinos definitely require an identity users if needed, playing on a KYC free site does not guarantee the safety of our money and that's something to think about, so I think it depends on whether the gambler plays fair or tries something that violates casino rules. i also gamble so far without KYC can withdraw money.

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Quote from: bettercrypto on August 11, 2023, 04:41:31 AM

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

It is precisely because gamblers just want to have fun that they think that they don't need to do KYC because they are not gambling for money. But now, crypto casinos have changed because of regulations from regulators who want every crypto gambler who plays at crypto casinos to be required to do KYC, especially for those who get big wins. There is a certain suspicion about their account.

But for those who have frequently encountered KYC in many casinos, of course, they will not mind doing KYC because they think that it should be done to reduce illegal activities that occur in casinos. They also realize that doing KYC at the casino can help them withdraw their big winnings.

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Quote from: Mr.suevie on August 10, 2023, 07:08:13 PM

Quote from: pakhitheboss on August 10, 2023, 01:13:22 AM

Quote from: DaNNy001 on August 10, 2023, 12:15:37 AM

Most of these casino just do all these because of the government rules that are tied to them operating their business. These casino are now implementing all these to avoid be sanctioned of money laundering law because most of the users deem their site to be a perfect spot for huge deposit and withdrawal which can cause lots of attention so that's why KYC is been called upon

In the past, the casinos were blamed by the government for harboring money laundering. A lot of them were either closed by the government or went offline, which caused issues for the users who had their deposits in these casinos. That is the reason why KYC is now being made mandatory in almost all online casinos. A few exceptions are there but sooner or later they will also implement KYC. With KYC you no longer are anonymous but as a user, you still have the anonymity factor with other users.

That's too bad though, and if am getting you correctly you are saying in few years time to come it would very difficult for any online gambler to actually see a casino whose system offer anonymity for the gambler? Online casinos have also gained reputation because of this popular feature but like every other good thing humans tend to abuse it and over use it benefits for negativity. Well am ok with sharing my info but the issue is that is my details safe with these online casinos?

The answer is that sharing information across all casinos is not secure. But there is nothing to do. For gambling, you have to choose the casino platform by looking at some good features. Even though the main purpose of gambling with cryptocurrencies was to remain anonymous, that opportunity no longer exists. Basically, this kind of restrictions comes for some people to abuse cryptocurrency. Now governments have made KYC mandatory for every casino. So, it will not be possible for anyone to keep themselves anonymous as before.

joniboini

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Quote from: Porfirii on August 11, 2023, 01:06:13 AM

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

Even if it is illegal, there is no way you can be sure that companies don't do that behind closed doors. I've seen many cases where personal data got leaked by some apps licensed by the government for various reasons in many countries, even if there is a clause that makes it illegal. Maybe you can encourage your government to punish them, but the cost is not worth it for most users. I believe this is the major reason why people want non-KYC services to begin with.

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Quote from: paxmao on August 11, 2023, 06:16:34 AM

Quote from: bettercrypto on August 11, 2023, 04:41:31 AM

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

Oh no, there are many gamblers out there that are very interested in anonymity for many reasons. To be fair, some of those reason may be related to the origin of the funds and that is why the KYC is implemented in any site that wants to allow users from certain countries to be users. But there are many legitimate reasons for anonymity as well.

Before many gamblers choose crypto casino because they can hide their identity for private reason. But case has became different when licensing and other legal matters has been implemented and anonymity has been erased due to this matter. And I guess this matter is not for people who want to be anonymous especially if they select those reputable casino since for sure they will be ask to provide their own identity. Its also risky to gamble our faith on unreputable casino or those small casino because scamming is maybe what we are facing there.

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Quote from: bettercrypto on August 11, 2023, 04:41:31 AM

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

Oh no, there are many gamblers out there that are very interested in anonymity for many reasons. To be fair, some of those reason may be related to the origin of the funds and that is why the KYC is implemented in any site that wants to allow users from certain countries to be users. But there are many legitimate reasons for anonymity as well.

bettercrypto

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the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

Sim_card

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Quote from: Mr.suevie on August 10, 2023, 07:08:13 PM

Quote from: pakhitheboss on August 10, 2023, 01:13:22 AM

Quote from: DaNNy001 on August 10, 2023, 12:15:37 AM

Most of these casino just do all these because of the government rules that are tied to them operating their business. These casino are now implementing all these to avoid be sanctioned of money laundering law because most of the users deem their site to be a perfect spot for huge deposit and withdrawal which can cause lots of attention so that's why KYC is been called upon

In the past, the casinos were blamed by the government for harboring money laundering. A lot of them were either closed by the government or went offline, which caused issues for the users who had their deposits in these casinos. That is the reason why KYC is now being made mandatory in almost all online casinos. A few exceptions are there but sooner or later they will also implement KYC. With KYC you no longer are anonymous but as a user, you still have the anonymity factor with other users.

That's too bad though, and if am getting you correctly you are saying in few years time to come it would very difficult for any online gambler to actually see a casino whose system offer anonymity for the gambler? Online casinos have also gained reputation because of this popular feature but like every other good thing humans tend to abuse it and over use it benefits for negativity. Well am ok with sharing my info but the issue is that is my details safe with these online casinos?

I wouldn't put the blame on these online casino asking for KYC because initially some of them wanted gamblers to remain anonymous but the pressure put on them by the government to know who exactly that they are dealing with so that if there is a big win or any problem that user can easily be known through your KYC information has left most casino with no choice but to follow the instruction of the government. I know that anything that the government is involved in must be centralized and nobody can say no to them or else you will lose your license and your business will be shut down. If I can provide KYC when using Cex,I don't think it will be a problem for me to do the same if I want to have fun.

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Quote from: Porfirii on August 11, 2023, 01:06:13 AM

Quote from: Magoo8 on August 11, 2023, 12:54:39 AM

Quote from: Porfirii on August 11, 2023, 12:51:57 AM

Quote from: Magoo8 on August 10, 2023, 09:12:21 PM

Quote from: Casdinyard on August 10, 2023, 06:59:24 PM

Quote from: Dr.Bitcoin_Strange on August 10, 2023, 10:53:35 AM

Quote from: Wapfika on August 10, 2023, 10:04:54 AM

<...>

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

-snip-

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

But who? and why!?

I can understand that they share the personal info with public agencies in order to fight against criminals, but third parties without further specification? Damn, I think that I will have to re-read some ToS just in case they added this clause.

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

Well, people are not enraged with submitting personal infos to companies and organizations because they share those infos with security agencies, but i think people are most angry and do not trust some of this companies because most times, they end up selling their customers private or personal information to advertising firms and companies for targeted ads, personal information are very expensive to companies looking for those to advertise their product or services to, and yes, such act without the consent of the user is highly illegal, but most of the time, this companies are protected from any kind of lawsuit by their terms of service, because they do include lines like "we have the right to share your personal info to any third party for whatever reason" that "what ever reason" and "and third party" already gives the company the power to do anything with their users personal information, but the thing is that, people don't read, and even for those that read, they sometimes do not understand what they are giving consent or agreeing to.

Magoo8

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Quote from: Porfirii on August 11, 2023, 01:06:13 AM

Quote from: Magoo8 on August 11, 2023, 12:54:39 AM

Quote from: Porfirii on August 11, 2023, 12:51:57 AM

Quote from: Magoo8 on August 10, 2023, 09:12:21 PM

Quote from: Casdinyard on August 10, 2023, 06:59:24 PM

Quote from: Dr.Bitcoin_Strange on August 10, 2023, 10:53:35 AM

Quote from: Wapfika on August 10, 2023, 10:04:54 AM

<...>

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

-snip-

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

But who? and why!?

I can understand that they share the personal info with public agencies in order to fight against criminals, but third parties without further specification? Damn, I think that I will have to re-read some ToS just in case they added this clause.

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

I'm not sure how many have this in ToS

Quote

Stake also reserves the right to disclose a Player’s information as appropriate to comply with legal process or as otherwise permitted by the privacy policy of Stake (owner and operator of Stake), and by using the Service, you acknowledge and consent to the possibility of such disclosure.

Porfirii

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Quote from: Magoo8 on August 11, 2023, 12:54:39 AM

Quote from: Porfirii on August 11, 2023, 12:51:57 AM

Quote from: Magoo8 on August 10, 2023, 09:12:21 PM

Quote from: Casdinyard on August 10, 2023, 06:59:24 PM

Quote from: Dr.Bitcoin_Strange on August 10, 2023, 10:53:35 AM

Quote from: Wapfika on August 10, 2023, 10:04:54 AM

<...>

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

-snip-

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

But who? and why!?

I can understand that they share the personal info with public agencies in order to fight against criminals, but third parties without further specification? Damn, I think that I will have to re-read some ToS just in case they added this clause.

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

Magoo8

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Quote from: Porfirii on August 11, 2023, 12:51:57 AM

Quote from: Magoo8 on August 10, 2023, 09:12:21 PM

Quote from: Casdinyard on August 10, 2023, 06:59:24 PM

Quote from: Dr.Bitcoin_Strange on August 10, 2023, 10:53:35 AM

Quote from: Wapfika on August 10, 2023, 10:04:54 AM

<...>

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

I agree that measures against money laundering must be taken, but I'm a bit afraid about a system where false positives might occur and, even more, where personal data can be handled dubiously by these businesses who ask for KYC.

In my country, for example, the Organization of Consumers and Users has recently sued some banks because they were asking too many personal data under the umbrella of the anti money laundering laws.

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 8. (Read 1760 times)