this is usually the norm for crypto casinos now, as much as I don't like KYC in gambling it can't be helped as these casinos want to operate legally and in order for them to do that they would need a license to operate and follow the regulation that comes with the license. it is also why gamblers should make it a habit to read a gambling site's ToS before registering or depositing on a gambling site.
Yeah! It's clear. I stilll can’t believe that KYC can be of any use when it comes to cryptocurrency payments. In my opinion, this only causes harm.
Firstly, you waste your precious time going through the KYC verification procedure. And sometimes this can take quite a long time. Who needs this anyway? No one! This waste of your time just irritates me.
Secondly, all this contradicts the very essence of cryptocurrency as a tool for anonymous payments. This is the most important property of cryptocurrency in general! In general, it is sad that the global banking lobby, through laws, has introduced this same KYC into cryptocurrency payments throughout the world, including in casinos.
Here, the progress in the development of blockchain technologies, in my opinion, has generally taken the wrong and false path. This is very upsetting.
I completely agree with you but whether KYC can't be of any use in cryptocurrency payment or it contradicts the "essence" of cryptocurrency doesn't really matter to a lot of them, the gambling sites need to comply with the regulations if they want to keep their license.Firstly, you waste your precious time going through the KYC verification procedure. And sometimes this can take quite a long time. Who needs this anyway? No one! This waste of your time just irritates me.
Secondly, all this contradicts the very essence of cryptocurrency as a tool for anonymous payments. This is the most important property of cryptocurrency in general! In general, it is sad that the global banking lobby, through laws, has introduced this same KYC into cryptocurrency payments throughout the world, including in casinos.
Here, the progress in the development of blockchain technologies, in my opinion, has generally taken the wrong and false path. This is very upsetting.
And now, when everyone is accustomed to the fact that with large payments in cryptocurrency, and sometimes even with small winnings in a casino, KYC is constantly required from you.
I’m actually talking about those political forces, probably the banking lobby and the US security forces, who imposed on the entire world of cryptocurrencies the very need to undergo identity verification through the KYC procedure. And all casinos, and crypto exchanges, and in general all crypto projects now treat this as a necessity. But these are actually artificially created obstacles to the c irculation of Bitcoin and cryptocurrencies, which have nothing to do with the blockchain technology itself, but only destroy its advantage in the form of anonymous payments. And these obstacles are created by specific people and politicians, naturally belonging to a very small group of people.
They have ruined the entire blockchain technology due to the fact that they want to remain and be the main financial magnates in the world.
And with the widespread introduction of KYC in cryptocurrencies, they succeeded. I state this with regret because humanity has missed a great chance for financial freedom.
