How are you going to prevent the underage gambling?
How an underage person is going to buy bitcoin?
All the exchanges who accept fiat to buy bitcoin require KYC and if they see a minor the exchange is just going to close the account
I have seen adults get scam with P2P exchanges so the probabilities of an underage using a P2P exchange is low
Also is the responsibility of the parents to see what their child do online they can also be accessing adult sites
Well, you are very right, and I agree that it is indeed the duty of the parents to make sure of what their under-aged wards do online, personally, if not that the world we live in today have really changed, I don't see what or why an under-aged should even own a smart phone in the first place.
There are several under-aged gamblers in my area here, how do they buy bitcoin, or any other type of cypto? They simply register and pass kyc on the exchange using a document belonging to an older relative who is not into crypto, and this are the type of persons who always avoid casinos where kyc is mandatory, so in as much as I agree with you, i think that question is very important.
By that same logic they can use the same older relative documents in a KYC casino
Also if a parent or an older relative let their kid use their credit card to buy bitcoin that parent should be asking questions or holding that bitcoin if the child said is for invest
Well, it still all boils down to the fact that many parents don't know what their kids do online, and as for how they get the money to buy bitcoin, I wouldnt know, but what I do know is that, if they can own a smart phone, be rest assured they can own a bank account, most especially in a country like mine where authorities dont really pay attention to this things..
There are several online bankings in my country that only need a name, and email address and a phone number verification to own and operate an account..
In one of the states here in my country, the richest kid is a boy over 20 years of age now, he was said to buy bitcoin in 2012 when he was just about 15 years old, how did he do it? Different stories I don't know which to believe and which not to, but the fact remains that he's a bitcoin millionaire, and he bought bitcoin when he was less than 18 years old.