Topic: chinese bookmakers with tf gaming platform NO KYC - page 4. (Read 3202 times)

therefore it is important to use small funds first when trying out a new casino. with small deposits and bets, the casino will not force gamblers to submit KYC documents. although some may indeed require KYC for all members to make withdrawals.

some gamblers are indeed more comfortable with their anonymity. but some will not consider KYC. even those who are hunting for referral bonuses or even new casino user event bonuses also consciously do KYC to claim bonuses. it all depends on the perception of each.

for now almost all licensed crypto casinos ask customers to do KYC on their gambling sites, especially gamblers who use large funds. well, casinos implement KYC to check whether the large funds are from money laundering or indeed from personal money owned by gamblers.
but unfortunately KYC can be abused by gambling company owners to sell to bad people. that is what some anonymous gamblers fear.
actually doing KYC on a gambling site that is popular and has a good reputation a long time ago, for me is fine. unless doing KYC on a new gambling site I am very careful to do that.

There are many things that can be said about KYC, obviously many endorse the benefits of complying with this requirement, when it comes to player protection it's kind of sweet on the ear, but I really see KYC as a double edged sword.

 Most players don't agree to give KYC and it's understandable, I guess if we use cryptocurrencies and bitcoin there should be no need to identify ourselves as if we are using fiat, and that reason is not more than enough to end all KYC stuff , KYC is required by the government and other entities for control, so it provokes more irreverence.

The management of any casino or bookmaker is now always faced with a rather difficult choice - either to introduce a mandatory KYC procedure, and, accordingly, lose some of the players, those players who are important to remain anonymous, and lose some of the profits from their game.  
Or take a chance and keep this category of players, and possibly get trouble and problems from government regulators.  All the same, most of the casinos prefer not to take risks and strictly comply with the laws.  But still, the mass of players who do not want to reveal their identity should be able to play.
 And casinos without KYC will still exist and new such casinos will appear in benevolent jurisdictions and countries.  

I hope so!

If we do not have black money, if we are not involved in shady activities, and if there is no restriction on gambling in our country, then there is no need to hide the KYC. However, my only concern is that is there any check and balance at the casino end that they will not misuse our KYC documents and sell them to agencies or even on dark web?



We understand that it is more of a government demand that they want casinos to operate with enforcing KYC and casino have to obey them to comply with the local rules but things in China are operated differently. That's why if any bookmaker is able to provide gambling services without enforcing KYC, we should not be surprised.

Currently, casinos must comply with certain conditions due to licenses or for governmental reasons and that is that they must comply with KYC, if they do not, they can take away the concession or permission to practice, so we as players do not understand that, The fact of setting up a casino company is not easy, for that reason these conditions must be met in order to emerge, it is unfortunate because we all have the idea that casinos that use cryptocurrencies should not demand these conditions, much less kneel before third parties and governments .

Governments always find a way to enforce their demands, that's something I don't like either, those are things that bother me.

This is precisely where the almost insoluble contradiction lies between the very idea of ​​cryptocurrency, which was laid down by the creator of bitcoin and, by the way, the still anonymous Satoshi Nakamoto, and which consists in the complete anonymity of the owner of the cryptocurrency and payments in cryptocurrencies. 

On the other hand, the world is increasingly moving away from payments in cash that can also be partly anonymous (for example, through intermediaries or through a cell in a left-luggage office).  But in cash, the level of anonymity is of course much lower than that of cryptocurrencies. 
I don’t even think about bank cards and transfers, where there is generally “0” anonymity. 
But for calculations, anonymity is often needed by people for various reasons.  So Satoshi came up with an ingenious invention. 
And now the banking lobby all over the world is trying their best to stop the anonymity of payments and all people would be under the control of government agencies, tax, fiscal, security agencies and so on. 
This is, in a sense, a modern version of enslavement, even slavery, of the entire population of the country by some kind of local establishment that imagines itself to be Gods on Earth. 
And on a global scale - the American establishment. 
All of them are parasites and reptiles on the body of our beautiful Planet.

Maybe it is to find out the background of users who use big money to play gambling, including their job and where they live. If this is later reported to the local government, the local government can monitor them, especially if they win a lot of money. And if they often win big money, the local government will know and maybe eventually, it will have something to do with the taxes they must pay. We really don't know why the government asked many sites to implement KYC on their users, especially crypto users and we can only guess.

But I feel that with the development of crypto in many countries, which will also make a lot of people who are getting rich from crypto, the government should know who these people are. Moreover, the government is also getting tighter against these crypto users.

KYC is like the bouncer at the club, ya know what I mean? It's a necessary evil to keep the riff-raff out of the online gamblin and crypto world. The government's gotta do their part to make sure these industries are runnin' smoothly and ain't involved in any shady money laundering schemes. And yeah, taxes on crypto profits might be a drag, but it's like payin your dues to be part of the club. We gotta embrace the growin' importance of the crypto industry and work towards makin it more accessible to all.

That is because a casino is different from a solo coin project. They can support different cryptos and then they can enforce different rules but a solo coin project can only have one vision and one of it is to push anonymity because this is something that a local currency doesn't have.

I think people who deal with huge amount of money are the ones that must be protected and not exposed because someone might threaten them. Also, not all who deals with a small amount of money are clean. You mentioned tax there, but tax might be another reason on why KYC are suddenly being introduced on the crypto space and the rates will depend per country as I heard some countries like India has a higher charging rate.

Currently, some casinos must implement KYC for their members, especially those who frequently use large sums of money to gamble. This is to ensure that the user is not someone who gambles using money derived from illegal activities and the casino wants to know who the people are playing for big money. KYC has become necessary for many websites, including gambling and exchanges because the government has entered into the crypto circle and noticed large transactions on exchanges or in gambling. We don't know if the tax that the government will apply to everyone who uses crypto will increase because of the profit factor people get.

Here I agree and agree with you because after all a casino that has KYC can definitely be relied on and trusted.
After all, as long as I have used several casinos with KYC, I have never experienced any problems with my account. And of course, if casinos with more KYC give me more trust and there are no worries of fraud against me.
So far, casinos that are well-known and have a good reputation, almost all of which provide KYC requirements, whether when we just register or when we make a large withdrawal, KYC is sure to apply to every user in it.
I myself actually don't believe and believe in new casinos that state that they don't need KYC because I'm looking for and using casinos for the long term so I don't want when I get a big win I'm even made difficult by them.

Anyone around here has some expectation on the future of the Asian market for crypto gambling, specially in Hong Kong?
I ask having in context the apparent acceptation and clear rules that the authorities of Hong Kong are planning to set, some people there can access crypto currency and services related.

https://www.coindesk.com/policy/2023/02/20/hong-kong-proposes-rules-for-crypto-trading-platforms/

Even though, some may argue that this kind of regulation could be negative, it may benefit future exchanges and gambling platforms based there.

Thoughts?

So do you think Biden can meet Trump again? is it likely to happen again? who could win here? I don't know how the American people feel about Biden's mandate right now, if they are happy or just satisfied or maybe neither, but based on what they have experienced in these years with Biden, I think they have not felt as wrong, of course I do not live in the USA, but with respect to the news that I have seen I have been able to perceive that.

 Now, Trump would change everything that Biden has done, there is no doubt about that and he would impose his law and make himself felt, and that is not to mention that he is going to change a lot the laws for entry to the USA by people from other countries. , but not everything would be so bad, because you could say Trump can be an intermediary to end the war between Russia and Ukraine and that would be something very positive, I speculate this because Trump gets along better with Putin than Biden. I would like to understand more about politics in the USA, but really things always focus on power, it always is.

kyc is a personal matter and some casinos make kyc mandatory.  But it is true that kyc is only used for the protection of one's personal account and on the other hand casino sites use kyc to prevent users from doing other bad things like money laundering. so doing kyc is not bad.  But must choose a trusted and reputable casino for doing kyc.  Otherwise it is not impossible that kyc documents can be sold in the black market

For users' own protection, KYC is essential. But I'm also aware of the need for discretion and privacy in the gambling industry, especially when dealing with cryptocurrencies. Casinos should provide players with some anonymity and privacy while still adhering to KYC standards. In the future, there will be a non-kyc gambling based 100% on blockchain or technology. However, it need to be trustworthy enough  that can accommodate a large number of customers in a secure environment.

When I first started learning about cryptocurrencies, I was involved in a privacy and anonymity cryptocurrency project, at the time it had nothing to do with casinos, it was just a cryptocurrency but privacy and anonymity meant everything to that great community. The casinos that exist now, the thing is different because they should guarantee privacy and anonymity but it is not like that, I can only imagine the people of that time when they see the KYC requirements of the casinos, they simply will not play, and I understand them, that community It is the one that new casinos have to attract, but to bring them there must be no KYC.

Before crypto casino is good option for people doesn't like to give their KYC to anyone specially those whales. But since the regulation towards big crypto casino happen the KYC requirement has been impose so those people don't have any choice but to comply what those legal entities ask. Now many think that even crypto is not safe in terms of data security but people need to realize that this thing will happen so they need to get used with it and just apply proper precaution about what they do so that they can avoid any huge risk.

To my deep regret, indeed the regulators of many countries under the American financial dictatorship on a global scale are forcing well-known casinos to require KYC.  But on the other hand, there are millions of players who need to remain anonymous in their game as well.  For this, they use cryptocurrencies, in particular, and do not play simply and conveniently with fiat money. 

And all this gives hope that in the online casino market there will still be such casinos that, in principle, will not impose KYC requirements on players.

Unfortunately most good casino will demand for KYC and there is no way we can gamble on those sites without KYC. So the discussion of KYC and non-KYC is not relevant at all because if you want to gamble at a reputed caisno, then KYC is something you have to do.

Yes, there may be many new casino's offering us to gamble without the KYC, but then i would call it a risk as we never know if it is even safe to deposit on those new casino and more importantly if they are fair in their games