KYC can be solution to prevents the money laundering and other illegal things and even for people under 18 years so those people can't playing gambling on that casino.
But is that the only thing they can do to prevent money laundering? I honestly doubt any business provider care about that, they do all of these check because the government demanded them to do so. How effective is KYC from preventing people launder their money? Why not block transactions above specific value to begin with if they don't want to risk their platform being used as a money laundering spot? Another issue is how unreliable business data protection with so many data leaks, not to mention false positive or terrible system that failed to detect individual as a non-dangrous player because one or two things like faulty image processor.
Topic: Do you think casinos can stop demanding KYC? (Read 1758 times)
KYC is made for something good—a tool to minimize money laundering and fraud. But some gamblers see it differently, thinking it compromises their privacy. However, those who understand the situation and the contribution it makes to the community remain silent, instead complying with the necessary procedures. If this will help to trace and stop illegal transactions, I don't think we don't have a reason to oppose but instead follow and make it happen. I don't see it as a burden for us, nor do we think this will create future problems, as it is easy to comply when we don't have evil intentions hidden.
Yes, that's right, of course KYC is one of the things that prevents money laundering. With those who think it endangers their privacy, maybe they have to adapt slowly or maybe they have to feel the loss first because they don't fulfill one of the things that have been provided by the casino. Because we should just follow the procedures that have been held by the casino to make everything easier and prevent problems. In addition, to fulfill one of these things does not take long in my opinion but it will help in the long term. But when we have fulfilled these things, whether there will be an update or not, but it doesn't matter if there is an update, for people who don't think strangely I think they will still follow the update procedure if it is held. it is normal when the casino holds it, we just need to follow it or not gamble at all. 
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Most of gamblers who would like to see casinos not asking for any documentation at all, are also people who would like to see different institutions and services not asking for that information either, like banks, gift card sellers, and even vendors of any kind of item. It is not as much about gambling, but rather privacy as a whole and it is a valid point to hold, in my opinion.
Most of people who are gambling today are not criminals, so they do not have anything to be afraid of, however, the idea of our informations being floating around somewhere in a server (which could be stolen) does not help to take the fear of those who do not like KYC. It only takes a look at a recent example of what could happen, like the data breach of Ledger, they literally allowed the physical addresses of their clients to leak. Very scary.
Those who hope that casinos will stop asking to pass KYC, how do you thing you are going to benefit from that? I really have huge doubts, that when there will be no KYC, people would rush to gamble. Only those who use VPN or other methods to access casinos will have a slightly easier access to casinos. I dont think that many gamblers have a "special addresses with shady crypto", and as soon as there will be no KYC, they will immediately run to make deposits and gamble. From that, I think that we wont get much from KYC-less casinos, and casinos will not stop asking for it.
But what is the need being afraid to pass kyc if the casino request for it or does it mean that their fund is illegal or from a shady site maybe where they scammed people?No! To me whom ever that has the mind to go gamble should be able to release their details to gamble because that is the only such person could be track and know their ways about, thus I know that the end part could be dangerous where casinos may likely used our personal information for their evil deals and maybe put us into problems at the later ends.
does that mean you think it's better to avoid this? I understand what you're saying, but if we do it carefully maybe it won't be a problem. even though it does become a sharing of personal data but we have to fulfill it if we really want to gamble and that's one of the requirements. gambling is a risky thing so we should be prepared for all the risks that will occur, but don't think that all casinos will cheat. that's the importance of choosing a good casino with one of them determining its reputation.
Those who hope that casinos will stop asking to pass KYC, how do you thing you are going to benefit from that? I really have huge doubts, that when there will be no KYC, people would rush to gamble. Only those who use VPN or other methods to access casinos will have a slightly easier access to casinos. I dont think that many gamblers have a "special addresses with shady crypto", and as soon as there will be no KYC, they will immediately run to make deposits and gamble. From that, I think that we wont get much from KYC-less casinos, and casinos will not stop asking for it.
But what is the need being afraid to pass kyc if the casino request for it or does it mean that their fund is illegal or from a shady site maybe where they scammed people?No! To me whom ever that has the mind to go gamble should be able to release their details to gamble because that is the only such person could be track and know their ways about, thus I know that the end part could be dangerous where casinos may likely used our personal information for their evil deals and maybe put us into problems at the later ends.
does that mean you think it's better to avoid this? I understand what you're saying, but if we do it carefully maybe it won't be a problem. even though it does become a sharing of personal data but we have to fulfill it if we really want to gamble and that's one of the requirements. gambling is a risky thing so we should be prepared for all the risks that will occur, but don't think that all casinos will cheat. that's the importance of choosing a good casino with one of them determining its reputation.
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KYC can be solution to prevents the money laundering and other illegal things and even for people under 18 years so those people can't playing gambling on that casino.
But is that the only thing they can do to prevent money laundering? I honestly doubt any business provider care about that, they do all of these check because the government demanded them to do so. How effective is KYC from preventing people launder their money? Why not block transactions above specific value to begin with if they don't want to risk their platform being used as a money laundering spot? Another issue is how unreliable business data protection with so many data leaks, not to mention false positive or terrible system that failed to detect individual as a non-dangrous player because one or two things like faulty image processor.If casino block transaction for specific value, that will not be a good ways because you know that many people use big money to playing gambling. If you check on some big casino, you will see many big transactions to place their bet but with KYC, casino can check that and if they see that is because money laundering, they will warn their members or even block the account. Casino can report what they found on their casino to the government and let the government investigate furthermore. Casino just follow the rules from the government and runs their business.
KYC can be solution to prevents the money laundering and other illegal things and even for people under 18 years so those people can't playing gambling on that casino.
But is that the only thing they can do to prevent money laundering? I honestly doubt any business provider care about that, they do all of these check because the government demanded them to do so. How effective is KYC from preventing people launder their money? Why not block transactions above specific value to begin with if they don't want to risk their platform being used as a money laundering spot? Another issue is how unreliable business data protection with so many data leaks, not to mention false positive or terrible system that failed to detect individual as a non-dangrous player because one or two things like faulty image processor. hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
After the rampant money laundering carried out and account hacking by other parties, it has triggered casino platforms to implement KYC as a form of protection for their members. Maybe without KYC it will be easy to attract many people to join as members, but when problems occur it will only destroy the credibility of the gambling platform will be, usually gambling platforms that do have government permission to carry out their activities still have to comply with existing regulations including the application of KYC in register new accounts, in my opinion the application of kyc should remain a special requirement for gambling in order to avoid further risk is related to money laundering and audits from the government, apart from that, with KYC, gambling platforms can prevent gamblers under 18 years of age from registered as members, KyC does seem like a burden but it Is an important step to maintain security and also the integrity of the gambling platform from problems from the government that might occur.
Casino must protect their members so that can gives satisfaction to their members and will not have to worry with the security of the casino. People seems know that the situation is different than few years ago so they accept the rules that saying they needs to do KYC when they register the casino. KYC can be solution to prevents the money laundering and other illegal things and even for people under 18 years so those people can't playing gambling on that casino.Gamblers who playing gambling at the casino realizes that KYC now is a must to prevents any illegal things that can happen to the casino. But if they don't want to do KYC, they can search for the other casino but they will still realizes that sooner or later, all of casino or other website business needs them to do KYC. The illegal things can use many things to run their business even they can use fake document to do KYC.
Those who hope that casinos will stop asking to pass KYC, how do you thing you are going to benefit from that? I really have huge doubts, that when there will be no KYC, people would rush to gamble. Only those who use VPN or other methods to access casinos will have a slightly easier access to casinos. I dont think that many gamblers have a "special addresses with shady crypto", and as soon as there will be no KYC, they will immediately run to make deposits and gamble. From that, I think that we wont get much from KYC-less casinos, and casinos will not stop asking for it.
But what is the need being afraid to pass kyc if the casino request for it or does it mean that their fund is illegal or from a shady site maybe where they scammed people?No! To me whom ever that has the mind to go gamble should be able to release their details to gamble because that is the only such person could be track and know their ways about, thus I know that the end part could be dangerous where casinos may likely used our personal information for their evil deals and maybe put us into problems at the later ends.
That's why casino doesn't want to removed KYC for their members because KYC can help casino to check their member's background so they will not worry with anything especially if there are an audit comes from the government.]
After the rampant money laundering carried out and account hacking by other parties, it has triggered casino platforms to implement KYC as a form of protection for their members. Maybe without KYC it will be easy to attract many people to join as members, but when problems occur it will only destroy the credibility of the gambling platform will be, usually gambling platforms that do have government permission to carry out their activities still have to comply with existing regulations including the application of KYC in register new accounts, in my opinion the application of kyc should remain a special requirement for gambling in order to avoid further risk is related to money laundering and audits from the government, apart from that, with KYC, gambling platforms can prevent gamblers under 18 years of age from registered as members, KyC does seem like a burden but it Is an important step to maintain security and also the integrity of the gambling platform from problems from the government that might occur.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
It's not them but the government that requires the implementation of KYC. If there was no mandate by the government requiring it, they wouldn't mind accepting gamblers on their platform even without KYC, as that would be easier for them and they could easily attract gamblers. However, as the AMLC is strict in doing its job, they want to prevent or minimize money laundering by criminals, and KYC is just a basic implementation they need in order to trace the transaction's owner and its origin, of course.
Yes, it's from the government but casino see a chance for them to know their members by asking KYC to their members so casino can check all of their members. Casino will only follow the regulation from the government and wants to safe their business and apply KYC for their members. With KYC, casino can check their members and if they found any suspicious thing, they can investigate immediately and report it to the government.Casino can block their member temporary while the investigation and make everything is clear before they allow their members can back to playing gambling in their place. Casino wants to prevent the money laundering in their place and using KYC, they can know where the money flow so casino can do something if their members do an illegal thing in their place.
That's why casino doesn't want to removed KYC for their members because KYC can help casino to check their member's background so they will not worry with anything especially if there are an audit comes from the government. [..]
It's not them but the government that requires the implementation of KYC. If there was no mandate by the government requiring it, they wouldn't mind accepting gamblers on their platform even without KYC, as that would be easier for them and they could easily attract gamblers. However, as the AMLC is strict in doing its job, they want to prevent or minimize money laundering by criminals, and KYC is just a basic implementation they need in order to trace the transaction's owner and its origin, of course.
That's why casino doesn't want to removed KYC for their members because KYC can help casino to check their member's background so they will not worry with anything especially if there are an audit comes from the government. [..]
It's not them but the government that requires the implementation of KYC. If there was no mandate by the government requiring it, they wouldn't mind accepting gamblers on their platform even without KYC, as that would be easier for them and they could easily attract gamblers. However, as the AMLC is strict in doing its job, they want to prevent or minimize money laundering by criminals, and KYC is just a basic implementation they need in order to trace the transaction's owner and its origin, of course.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Alot of people will use casino for laundering of money and other illegal activities if KYC are being removed. Kyc have stopped criminals from receiving money through casinos therefore KYC should not be stop from casinos. If you are not hiding anything, you will not be afraid of doing KYC on casino. The only fear is for the casino selling our KYC to others but if the casinos are being honest and they are going to protect our informations, I do not see any problem with completing my KYC. There are some decentralized casino that if you do not like completing your KYC on centralized exchange then you can use the decentralized ones for gambling. Casino are becoming strict with their KYC demand because the government are asking them to do that or they will lose their licence and they do not want to lose them.
That's why casino doesn't want to removed KYC for their members because KYC can help casino to check their member's background so they will not worry with anything especially if there are an audit comes from the government. Criminals should use the other ways and not trying to use casino with strict rules to launder their money or use it for other illegal things because casino now been monitored by the government. When we want to do KYC, we must ensure that we do in the right casino that can protect our data from the hacker. We must search for the casino that have reputation so we will not feels worry with anything bad especially if casino selling our KYC to other third party because chance can happens. If we don't want to do KYC, we must search for casino that doesn't have strict rules so we can playing gambling but we must limits our money and time.
Those who hope that casinos will stop asking to pass KYC, how do you thing you are going to benefit from that? I really have huge doubts, that when there will be no KYC, people would rush to gamble. Only those who use VPN or other methods to access casinos will have a slightly easier access to casinos. I dont think that many gamblers have a "special addresses with shady crypto", and as soon as there will be no KYC, they will immediately run to make deposits and gamble. From that, I think that we wont get much from KYC-less casinos, and casinos will not stop asking for it.
With less rules around sharing personal info, more casual or hesitant players can access gambling sites. This gives gamblers additional options - specifically those in strict regulatory regions uncomfortable submitting documents or details and though shady methods do exist, no-kyc simply eliminates obstacles for some. Ultimately it brings in folks avoiding traditional verification methods and expands the player pool.
The increase of gamblers using KYC platform casinos will still exist if every casino is required to implement KYC. Let's admit the fact that things have really changed a lot compared to the early stages of crypto. As we notice now, when a casino makes an announcement in the forum, people tend to ask, "Where is your license?" With that kind of question, it seems like they are already aware that casinos without KYC are likely to scam gamblers, so the risk is high.
their is no casino platform that does not request for KYC-verification and they are demanding for that due to they wants government to be free from them, because sometimes they seems their customers like people who might commit crime and fund the part of their crime finance into casino website accounts, so I think that's one of things casino website or teams of people who is establishing in casino website to always engage in such act, I know quit well that casino always be demanding of casino before funding accounts or after you have won and then will tell you to have done your KYC-before you can have access to your funds.
Casino doesn't wants to break the rules from the government so they applying KYC for their members as the requirement to playing gambling in their place. Casino does that because casino doesn't wants to gets any problem from the illegal things that can occurs in their place. Gamblers must understand about this and can search for the right casino for them because gamblers doesn't have to playing gambling in the casino that they don't like.People who commit crime and hide themselves from casino or government because they can use fake document to verify their account. That's why casino really carefully to verifying the document from their members and doesn't want to make a mistake. That's why casino needs time before they approves their members to be their verified members in their place.
There are rules. Checks exist. It keeps the bad guys out and protects honest people who want to have fun. Just simple sense. Gamblers must know this. Its not enough to select a casino with the most lights or loosest slots. Finding one who follows the rules. Thats how you know you're safe, your money's safe, and you wont get into trouble. Being clever and responsible. Only that way can you play.
I've seen a lot. I've dealt with big rollers and small-timers. The finest gamblers, the winners, know the game. The regulations are known and respected. They dont gripe. They win large by playing smart and fair. Do things that way. Support KYC. Support rules. It keeps casinos honest, players protected, and the game powerful. Win-win for everyone. Dont only think about money. Doing things right matters. Such a plan always wins.
Those who hope that casinos will stop asking to pass KYC, how do you thing you are going to benefit from that? I really have huge doubts, that when there will be no KYC, people would rush to gamble. Only those who use VPN or other methods to access casinos will have a slightly easier access to casinos. I dont think that many gamblers have a "special addresses with shady crypto", and as soon as there will be no KYC, they will immediately run to make deposits and gamble. From that, I think that we wont get much from KYC-less casinos, and casinos will not stop asking for it.
With less rules around sharing personal info, more casual or hesitant players can access gambling sites. This gives gamblers additional options - specifically those in strict regulatory regions uncomfortable submitting documents or details and though shady methods do exist, no-kyc simply eliminates obstacles for some. Ultimately it brings in folks avoiding traditional verification methods and expands the player pool.
Those who hope that casinos will stop asking to pass KYC, how do you thing you are going to benefit from that? I really have huge doubts, that when there will be no KYC, people would rush to gamble. Only those who use VPN or other methods to access casinos will have a slightly easier access to casinos. I dont think that many gamblers have a "special addresses with shady crypto", and as soon as there will be no KYC, they will immediately run to make deposits and gamble. From that, I think that we wont get much from KYC-less casinos, and casinos will not stop asking for it.
I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
Hm, the wide-eyed faith in the power of decentralized casinos to control government. if anything it is just the opposite, governments will find the ways to control them unless their activity will be completely underground one , facilitated by, let's say, TOR network, which, in most cases, is unacceptable for ordinary gamblers.
Regrettably KYC in casinos will be for a long haul , maybe even forever.
KYC will probably have a long enough life and be even more widespread.
As casinos move to increasingly decentralized principles of operation, KYC will gradually disappear. And I have no doubt that the principles of decentralization will inevitably be applied in every casino over time. Over time, only casinos without KYC will be able to survive. But this is a fiat issue. Where there is fiat, there will always be KYC. Therefore, in my opinion, all casinos should gradually adopt the rules for working with cryptocurrency. In addition, sometimes the KYC plays a discriminatory role in relation to the user. In other words, some casinos require the user to go through a registration test in order not to pay him the winnings. This is a harsh reality in many countries.
That may be a good spirit and I also like casinos that do not verify my personal data, of course the decentralized casino will be the hunt for gamblers who like privacy, yes that could be one element why KYC is enforced, but I don't think the government will let the decentralized casino run smoothly, it will definitely be criticized by any party, unless it is the government's own output that creates it, who knows about that right. 
If there were a bond or unity among the citizens of a country to pressure the government regards the extinction of KYC enforcement to online casinos, the government would accept the order of the people. However, only a small portion of the population is concerned about sharing their personal data online. Most people are fine about doing it blindly, without thinking twice... There is only a minority unhappy left, and this minority isn't sufficient to confront the government in anyways.
And the few individuals who will try bypassing the government's regulations, playing at decentralized casinos will be persecuted and punished by such governments, as will the decentralized casinos too for operating without permission from a local authority. For that reason, casinos prefer demanding KYC, instead of going against governments' regulations.
And the few individuals who will try bypassing the government's regulations, playing at decentralized casinos will be persecuted and punished by such governments, as will the decentralized casinos too for operating without permission from a local authority. For that reason, casinos prefer demanding KYC, instead of going against governments' regulations.
That's not how law works from my little knowledge of the government. Every country is rule by a constitution and that constitution remain valid as long as they want it to be and it's not the function of any government to change laws like that especially when they think it's a threat to their own nationality, it will remain as long as they want and I'm not sure issues like KYC is something masses will want to protest against because how many people are even gambling and doing crypto, some that do crypto the majority of them don't even know anything about privacy and data protection, they just want to make money is their concern.
KYC will be hard to abolished because it's what the government practices, it's what the judiciary, the legislative and the executives all practice because all of them have bank accounts that are all documented, all their information is in their database and you think the government will allow things like KYC to stay off from gambling that involves finances and transactions, it's not possible but if they do, it's the best option.
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