Its funny, yesterday I was on Youtube and was watching this popular Youtuber who makes videos about counting cards in casinos. He normally does physical casinos but for fun, he decided to see if its possible to count cards at a virtual casino. He was based in UK if I recall.
Anyways he makes an account, makes a deposit, and starts to play and do his documentary. Long story short, you can't count cards at an online casino. He played some more and decided to withdraw the rest of his money because he started to lose. Thats when the problems started. To withdraw he needed to KYC. And this is not a crypto casino, he paid by credit card to fund the account.
He also said it was a hassle getting his KYC approved. He had to submit it multiple times before it went thru. Eventually he got his money back, but it was very stressful.
Why would that person be stressful, when he probably did not choose that casino randomly, but instead gambled on a reputed one. Also he did not violated anything. So this person in the end felt discomfort while being innocent (I dont think that counting cards while playing online is some kind of a crime). How I see it - person came up with some imaginary possible problem, convinced himself that problem is real and felt stressed.
Actually it doesnt really cost an arm and leg when making up some searches or simply Googling on which most people really just that too lazy and this is why they do really end up with these kind of conditions
because they've been really just that too lazy even with just doing the basics. They wont really be able to experience such shit condition if they had really just that done their assignment.
You would really be that likely to experience these conditions if you are really that fan on dealing with sites/platforms which are known or really that having that reputation on which we know
that this is something that would really be recommended to do since from the start.
As for KYC then this has become that a standard thing. Why? Government would really be loving on centralizing on everything and since these businesses are something that needs
licenses then this is where these regulations would really be that be applied.