Pages:
Author

Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 9. (Read 1842 times)

legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
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...
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
Its not right if they claim that they are 100% KYC free casino since if the case that they ask that when winning a huge amount then they must be up something and do delaying tactics to find an issue to the user so that they cannot possibly pay him. But now expect that casino will ask this KYC so people should read first the TOS of the casino so that they will not get surprise when certain requirements has been implemented nor asked to anyone who win a huge amount of cash.
Crypto casinos nowadays have changed a lot. They have started implementing a KYC policy for their users, especially those who deposit or withdraw large amounts of money. This is to avoid casino suspicion of users using money originating from illegal activities.

That should be expected.  A centralized casino that is licensed by a government will eventually implement regulations imposed by the government.  We should not be surprised if all the centralized casino will ask for our KYC, it is also one way of the casino to protect our account from being stolen.
And even crypto casinos also ask us to do KYC on their users. So we have to understand the purpose of the casino asking us to do KYC because the casino is in contact with the government, which will ask for reports on the players at the casino.

And that's why we often see users who are asked to do KYC before they can continue their activities in gambling. Casinos want to ensure that nothing related to illegal things is happening because regulators supervise casinos. And once the KYC process is complete, users can deposit or withdraw money unless the casino finds anything suspicious.

So users must read and confirm the TOS of the casino before registering so they understand that casinos can also ask users to do KYC at any time. And if users don't want to do KYC, they can look for other casinos. But it looks like this is also happening in other crypto casinos.

Yeah players like us must be responsible enough to read the term of service of a casino, if we have some question we can always reach out to their support in order to verify things and be cleared of it. On the other side, casino should be straight to implement KYC from the beginning so that players won't get confused.  the vague terms about KYC should be cleared out and implement it even before a player can deposit any amount of money in their platform.  This way, players won't get into trouble of not be able to withdraw their winnings because they need to submit KYC for verification.
Asking the support service is always recommended to understand the casino's wishes so that there are no misunderstandings between us and the casino.

But misunderstandings still often occur among players because many don't read the terms and regulations listed in the casino. But many crypto casinos still don't implement KYC from the start because they know that not all of their members are big players. So casinos have not implemented KYC for all their players and only players suspected of suspicious activity are asked to do KYC. The important thing is that we read the rules and ask the support service if we still don't understand.
newbie
Activity: 85
Merit: 0
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.
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.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.
While it is understandable that you think there's no longer anonymity because of the casinos asking KYC/identities and the same with the exchanges.

They have to do that to protect their business as what they're required by their country.

There are still casinos that allows people to gamble even without KYC but some conditions are applied like being limited in what you deposit and withdraw.

Choose a casino that won't force you to kyc but don't be surprised if all of a sudden, they ask you to.
sr. member
Activity: 546
Merit: 342
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?
legendary
Activity: 2702
Merit: 3045
Top Crypto Casino
A casino cannot be a no KYC casino and yet requires you to fill in for KYC along the process, since we make use of cryptocurrency in gambling, it gives us the advantage to make decision on what we want and how we wanted to get it done, if we think privacy is what we need while using any of the casinos, then we can make use of bitcoin in making casino deposit and we proceeds in gambling, when we bet and win, they will not require the KYC except if the casino is a KYC platform in which you have to provide all the necessary documents before they can process your request.
Sorry, but I didn't get your point! What are you trying to say?
Do you mean that even if the casino require kyc, we can remain anonymous by using bitcoin!
If so, then this is not correct. First, bitcoin is not anonymous, it's pseudo-anonymous. Second, the moment you send your documents to the casino for identity verification, you are no longer anonymous. Your identity has been revealed regardless of the payment method you will be using.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.
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.
hero member
Activity: 2730
Merit: 632
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.

That is possible yes since you can trace which wallet that an illegal or flagged wallet address is coming from. This is also as it happens with the banks, they can trace a flagged account and in their case restrict it or limit the transaction that goes there. In cryptocurrency, whether KYC or not, government can mandate a casino on a flagged wallet if they suspect any transaction from it
This is interesting because i thought that in crypto casinos the essence of kyc was to know their customers and being able to help law enforcement agencies if need be to identify gamblers whose KYC information is available in their database, but saying that the gambler wallet could be flagged may seem and sound impossible to me and the only possible way to stop wallet is to block the user account in the casino.

You are also very correct sincea wallet can bee placed on hold, but also we must note how hard that could possibly be in a crypto casino if it traditional casino then the user bank could be restricted but the online crypto casino, the case may differ.
Whatever you do or whenever we are pertaining into neither bank account or your online platform account then it would really be just giving out on the same result on which it would really be locked up on funds.
In speaking about KYC then it would be pertaining about taxation, regulation, tracking or whatever that these regulators are really that trying out to do or have some plans which in overall we could really be able to generalized that they dont really like on missing something knowing that gambling platforms or companies does generate out tons then it would really be that subjective to such regulation or other things correlated to it.
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.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.

That is possible yes since you can trace which wallet that an illegal or flagged wallet address is coming from. This is also as it happens with the banks, they can trace a flagged account and in their case restrict it or limit the transaction that goes there. In cryptocurrency, whether KYC or not, government can mandate a casino on a flagged wallet if they suspect any transaction from it
This is interesting because i thought that in crypto casinos the essence of kyc was to know their customers and being able to help law enforcement agencies if need be to identify gamblers whose KYC information is available in their database, but saying that the gambler wallet could be flagged may seem and sound impossible to me and the only possible way to stop wallet is to block the user account in the casino.

You are also very correct sincea wallet can bee placed on hold, but also we must note how hard that could possibly be in a crypto casino if it traditional casino then the user bank could be restricted but the online crypto casino, the case may differ.
hero member
Activity: 1918
Merit: 564
Its not right if they claim that they are 100% KYC free casino since if the case that they ask that when winning a huge amount then they must be up something and do delaying tactics to find an issue to the user so that they cannot possibly pay him. But now expect that casino will ask this KYC so people should read first the TOS of the casino so that they will not get surprise when certain requirements has been implemented nor asked to anyone who win a huge amount of cash.
Crypto casinos nowadays have changed a lot. They have started implementing a KYC policy for their users, especially those who deposit or withdraw large amounts of money. This is to avoid casino suspicion of users using money originating from illegal activities.

That should be expected.  A centralized casino that is licensed by a government will eventually implement regulations imposed by the government.  We should not be surprised if all the centralized casino will ask for our KYC, it is also one way of the casino to protect our account from being stolen.

And that's why we often see users who are asked to do KYC before they can continue their activities in gambling. Casinos want to ensure that nothing related to illegal things is happening because regulators supervise casinos. And once the KYC process is complete, users can deposit or withdraw money unless the casino finds anything suspicious.

So users must read and confirm the TOS of the casino before registering so they understand that casinos can also ask users to do KYC at any time. And if users don't want to do KYC, they can look for other casinos. But it looks like this is also happening in other crypto casinos.

Yeah players like us must be responsible enough to read the term of service of a casino, if we have some question we can always reach out to their support in order to verify things and be cleared of it. On the other side, casino should be straight to implement KYC from the beginning so that players won't get confused.  the vague terms about KYC should be cleared out and implement it even before a player can deposit any amount of money in their platform.  This way, players won't get into trouble of not be able to withdraw their winnings because they need to submit KYC for verification.
hero member
Activity: 2828
Merit: 611
This is unavoidable since governments/organizations are concerned about unlawful activity and owners do not want to be involved in it. At the very least, we are only recognized by the owners or teams in charge of handling information, not the entire community of that gaming site, and won't be shared elsewhere. I don't need to be concerned as long as the site is reputable.
We don't know if they are truly legit. I remember Facebook leaked the data of their users before and many of us considered it to be trusted since they are a big and old company. But even if we say that they are truly legit, what about the hacks that can possibly happen to them? Our KYC will still be a risk once the hacker took them a long with the money. They know that they can sell it in the black market and make more money.

This is the reason why many of us here are too concerned when it comes to KYC talks and it took them a long time to decide, whether they will give their KYC or not to the platform that they will use or are already using.
sr. member
Activity: 1092
Merit: 342
Hire Bitcointalk Camp. Manager @ r7promotions.com
KYC, KYC and KYC  is the melody played in casinos. Additionally, governments are tapping their feet to the cadence. However, this is not the case for all casinos, merely a minority, though perhaps more. Consequently, it is somewhat perplexing, as if one were attempting to follow a recipe without all of the necessary ingredients
KYC is not a mandatory if governement was not pushing casino to be compliant with regulation. Government was the strongest entity that exist and controlling everything.
With people misusing the no KYC feature of the cryptocurrency casinos initially, this had to happen eventually. I remember the days when no cryptocurrency casino would ask you for KYC verification and you could deposit, gamble, and withdraw any amount you want without providing any personal information at all. Those were golden days, but as soon as people started misusing that freedom and started doing evil stuff, authorities and casinos had to go ahead and implement something to prevent that from happening.

And, here we are today, with regulations circling us from all sides, and it is all our own fault. I don't say that there wouldn't be regulations if there was nothing like that happening, but it might have taken some more time for this to happen, and the regulations might have been a bit easier.

In the casinos before a few years ago they did not have a function for games of chance, players could always place their bets without having to leave their documents, very rarely the player had to leave their comments and could withdraw, currently it is mandatory, The casinos that did not ask for kyc before are already asking for it, that is something that cannot be controlled anymore, and a decentralized casino has some ways of working that I do not like, I am one of those who does not like to leave documents everywhere Because it's not good to be around leaving identification documents around, because you don't know who they fall into and that's dangerous.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.

That is possible yes since you can trace which wallet that an illegal or flagged wallet address is coming from. This is also as it happens with the banks, they can trace a flagged account and in their case restrict it or limit the transaction that goes there. In cryptocurrency, whether KYC or not, government can mandate a casino on a flagged wallet if they suspect any transaction from it
sr. member
Activity: 938
Merit: 292
You are indeed right. Anonymity does not somehow a big issue at the moment since most of the casinos are actually requiring KYC most especially for big time players. Although there might be some few gambling casinos who are not into KYC verification, but I believe their system will definitely be updated and will require KYC sooner because that’s what the government requires them to do so.

However, there’s still some factors that we still become anonymous from others, but not from the casinos personal staffs. Maybe let’s just accept the reality that KYC will be compulsory in all centralized casinos all over the world. This is not only made out from the government wanting to control everything, but also for the sake of gamblers security and protection.
That's the sad reality as we push the government regulations, we are being forced to follow the KYC rules. Most of the casinos now are asking for KYC, but some are still not and they will only ask for KYC if they see some irregularities with your account. Somehow, KYC is indeed for the security purposes of both parties, let's just hope that secure our data with a highest priority or else, hackers might get our details.
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
Some people choose gambling platforms to legitimize the proceeds of money laundering and terrorist activities. If a person does not have KYC then it is not possible to identify them. If there is no other way to solve this illegal activity so no chance to ignore KYC. After all instead of making it mandatory for everyone, KYC should be done instead of those accounts whose activities are suspected. It is important to remember that it is not possible to ignore government restrictions.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
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.
Until now, Money launderer still using online casino to launder their dirty money. This criminal is very pesky because they mix their money like a normal gambler which menas there will be no reason for casino to suspect them as launderers that will make this KYC purpose useless since it cannot catch launderers but only it will just use to delay or freeze someone money when they win huge prize in the casino.

I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

You might have misunderstood the implementation of the anti-money laundering council's regulations. While casinos might not have direct knowledge of the sources of their customers' funds, they are regulated entities and are obligated to comply with orders from the AMLC. If customers are suspected or proven to be involved in money laundering, the government agency can instruct the casino to close their accounts and confiscate the funds. Casinos don't take actions without a valid basis. That's the concise explanation.
legendary
Activity: 2128
Merit: 1775
Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.
If i'm not wrong some studies about increase of gamblers in online crypto casino, not based on Anonymity factor, quite the opposite.

In my opinion, there are other factors or things why many people choose crypto casinos in general, it is caused by convenience, in contrast to fiat and physical casinos.

The meaning of convenience if interpreted broadly, for example: crypto casinos make deposits without having to queue at the Bank/ATM, as well as playing safe and easy, most people don't like complicated, they want it to be super easy in all matters, identity is needed in KYC I think it's not a barrier and an advantage for most gamblers, it's the basis of convenience that crypto casinos have their own charm for most online gamblers, sometimes KYC can be engineered, for that, in my opinion, anonymity is not the main basis as a tool for gamblers.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
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.
Until now, Money launderer still using online casino to launder their dirty money. This criminal is very pesky because they mix their money like a normal gambler which menas there will be no reason for casino to suspect them as launderers that will make this KYC purpose useless since it cannot catch launderers but only it will just use to delay or freeze someone money when they win huge prize in the casino.

I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.
hero member
Activity: 1400
Merit: 674
KYC, KYC and KYC  is the melody played in casinos. Additionally, governments are tapping their feet to the cadence. However, this is not the case for all casinos, merely a minority, though perhaps more. Consequently, it is somewhat perplexing, as if one were attempting to follow a recipe without all of the necessary ingredients
KYC is not a mandatory if governement was not pushing casino to be compliant with regulation. Government was the strongest entity that exist and controlling everything.
With people misusing the no KYC feature of the cryptocurrency casinos initially, this had to happen eventually. I remember the days when no cryptocurrency casino would ask you for KYC verification and you could deposit, gamble, and withdraw any amount you want without providing any personal information at all. Those were golden days, but as soon as people started misusing that freedom and started doing evil stuff, authorities and casinos had to go ahead and implement something to prevent that from happening.

And, here we are today, with regulations circling us from all sides, and it is all our own fault. I don't say that there wouldn't be regulations if there was nothing like that happening, but it might have taken some more time for this to happen, and the regulations might have been a bit easier.
Regret increasingly whack at the end of the story, many people are irresponsible with what they do and use casinos as their tool to wash their hands from dirty work and make a country lose money due to money laundering that they are doing, that freedom is getting more and more limited, it feels like the world wants to know who we are and what we are doing to keep an eye on us, the anonymity that becomes calm in carrying out activities becomes a thing that is suspected, which forces them to impose KYC policies on casinos, even though today we can still avoid it because there are still some who may not implement KYC, but it's a question mark whether they can be trusted or not, because of the legality of casino operations having to apply KYC to their casino in order to get a license to operate.
sr. member
Activity: 672
Merit: 416
stead.builders
Its not right if they claim that they are 100% KYC free casino since if the case that they ask that when winning a huge amount then they must be up something and do delaying tactics to find an issue to the user so that they cannot possibly pay him. But now expect that casino will ask this KYC so people should read first the TOS of the casino so that they will not get surprise when certain requirements has been implemented nor asked to anyone who win a huge amount of cash.

A casino cannot be a no KYC casino and yet requires you to fill in for KYC along the process, since we make use of cryptocurrency in gambling, it gives us the advantage to make decision on what we want and how we wanted to get it done, if we think privacy is what we need while using any of the casinos, then we can make use of bitcoin in making casino deposit and we proceeds in gambling, when we bet and win, they will not require the KYC except if the casino is a KYC platform in which you have to provide all the necessary documents before they can process your request.
Pages:
Jump to: