Topic: Do you think casinos can stop demanding KYC? - page 3. (Read 1758 times)

I'm always against KYC because I don't like having to share my data with an organization in another country.  Exchanges are often hacked, and then not only the deposits of ordinary cryptans are stolen, but also data.  After which this data often begins to be sold in databases on Dark Net. 
And this increases the chance that someone will be hacked or their relatives will receive a fake letter.

Yes I guessed this is the reason while casinos may restrict users from certain countries/regions not to use their services.
I guessed in the long run KYC in casinos is inevitable, I bet the best option is just to find a trusted casinos you like and remain with them thereon or be ready to move from one non kyc casino to another while an unfortunate event may caught up with you where you would need do kyc in order to withdraw your funds

When government still monitored casino, casino will still apply KYC to all of their members because they don't wants to have a problem if they don't apply it. They know their members doesn't like KYC but casino can't do anything so we as their members can choose what we will do. We can stay at the casino or leave the casino and search for non KYC casino.

But that will not easy as many online crypto casino now require KYC for their members. Maybe we will see some non KYC casino will start to apply KYC with strictly. Besides that, online casino still wants to runs their business so they must follow the government rules.

We should realizes that non KYC casino can asks KYC to their members anytime. So if you don't wants to gets any problem, you should be prepare for that. You must know how to deal that so you will not feels bad if someday, those online casino asks you to do KYC.

Since the casino is registered and has a government license KYC will be mandatory if not they will have problems with the government. I don't see KYC as something bad because it is a norm that we register on websites that we need their service in one way or the order so doing your KYC verification to entertain yourself should an issue.

The way the government are going about cryptocurrency, they want to see how they can control everybody using crypto for payment which I think that in the nearest future we might not see a no KYC casino but Telegram is coming up with no KYC casino which is cool to me.

We do know that when it comes to this kind or type of businesses on which there would really be that have that tendency that it would really be regulated or needs up to be licensed on which it would be that a normal that those KYC-less casinos would realy be turning to be one or would be having those changes on which this one wouldnt really be shocking anymore. You would really be needing up to deal up with even if you do love
or wants to have that full anonymity. It would really be just that according into someones prefernce because not all would be liking on this way and this would really be that better that you should be accepting this.
This is why it would really be just that depending but this is somewhere it would be inevitable because regulation becomes even more stricter and tighter.

You would really be able to expect that these unlicensed casinos would really be turning out to be one to have that kind of licensed because it is a business on which this would
really be needing up that regulation because it do involves huge money on which simply means that you will really be getting in dealing with huge amount or money that goes inside and outside transactions.
It would really be just that normal to have that kind of system and licensing and its something that we do need to deal with.

It's just like asking if gambling casinos will stop taking security seriously. We all know they won't do such things because that is the most important thing to do to ensure users' privacy and funds. Even if there have been a lot of complaints about casinos seizing people's money or whatever that may be, but removing KYC entirely will cause more harm than good. This means in this case excluding it is not an option.

When we look at the importance of KYC to online casino users, we understand that it is important. It is also important for the casino itself because it needs to keep its reputation by tracking any money laundering activity or illegal activity going on its platform.

In my opinion, the KYC requirement provides at least minimal guarantees that a real person is playing in front of them and that he is at least 18 years old. If there were no KYC, then teenagers could register and play, which is very bad in my opinion. Also, the KYC prohibits playing from some countries that are under sanctions, but in this case I cannot give a clear answer for myself whether this is good or bad. Without requiring documents, a casino can also commit bad actions and block accounts for no reason, and then close down forever. Although this happened at well-known casinos, it was much less common. In short, I prefer to play in a casino with KYC, because I have nothing to fear, but before that I check this casino for rating and integrity.

For regulated casinos they just have no option but to make sure their customers and up with their KYC to avoid actions from their regulator so with them KYC isn't something they will think of considering to stop at any point but maybe they would not ask for some very sensitive information that may appear like one intruding into some one's privacy but in other ways they may ask for the regular document ls needed for KYC. For the non regulated casinos, it's not even appearing like it's even necessary for them to get your KYC except in peculiar cases where it's needed to resolve issues of which it will be stated in their terms before signing up on their platforms.

Even though there are gamblers who hate this KYC requirement, I don't think casinos will eliminate this. casinos will not stop demanding KYC even though many gamblers hate it because this is one of the things that casinos must pay attention to, because in my opinion casinos that demand KYC from their customers are not just to cause these customers to experience losses or anything like that, of course casinos that demanding KYC will definitely make customers comfortable trying to secure their data, even if customers object but they can't avoid it or don't want to fulfill this requirement, if they really want to place bets they have to do it unless they look for another casino that doesn't demand KYC but I think the casino those that demand KYC are reputable casinos.

However, casinos will definitely implement KYC if they have implemented it from the start, it is impossible if they implemented KYC at the beginning but at some point they removed it. I don't think there is a definite reason why they removed KYC so they will continue to maintain things like this.

True KYC is still the said most reliable for them, while there are still some non KYC Casino with exception stating on their TOS when they can ask for KYC if need be and like you said when government require for it or other reasons like users creating more than one accounts for bonuses, which I still as a reason by which even if government doesn`t request KYC on Casino some will still opt for it.

Maybe KYC will not fully help but KYC can be a solution for temporary. Casino can use another way to verify their members who looks suspicious so they can knows furthermore. Those who doesn't doing suspicious thing will not trying to use fake ID because they knows that will risks them.

As crypto user, we don't like KYC but we can not do anything except follow the rule and make sure that we don't break anything from casino or government. The government now strictier than few years ago so we must be careful when we wants to do something. We must understand what we want to do so we will not gets any problem.

Casino will not stops demanding KYC to crypto user. That is because casino has been monitored by the government. We must limits ourselves if we don't like KYC.

Kyc is majorly required by the government when security team want to carry out research how how a particular money is spent by gambler. This is where they government would ask for it from the casino team or there legal right may be revolted. Although it all depends on where the gambling platform is registered. There are many gamblers that have been asked for their KYC before the continue gambling or withdraw their funds. There are so many centralized casino in the gambling world which we need to understand the weather they work so we don't fall victim at the end while blaming ourselves.

I don't think so they can stop the demanding KYC but in case of that they will not get the license from a good platform and that does matter a lot. Like it is true that we want none kyc required casino but we also check most of the time that before investing in any casino their license provider. And it is also hard true that we avoid those casino's who don't have licenses or licenses from an unpopular company.
So it will be possible to stop the demanding kyc when we don't look for the casino licenses 

These money launderers are crafty bastards. A fake ID can be bought faster than you can say "performance-enhancing drugs". So, does KYC really do everything it says it does? Im not sure. Lets also talk about who we are online. Our hearts and souls go into making these internet personas, which takes a lot of time. But then KYC comes along and turns us into a bunch of numbers. It makes you less human, man. It seems like the government is trying to keep an eye on all of our lives, even online. Man, the government needs to change. Dont just try to catch up with technology; accept it instead

Do you think that there will be no room left for anonymous gambling? I don’t think so, and the technical details of how this will be implemented (there are many options, for example, how can you punish/regulate a smart contract that exists inside some blockchain?) are not important. There is a huge effective demand for such a service, so people will find ways to circumvent any regulatory restrictions.

Yes, they cannot or their business will have a lot of trouble in the future. It is a requirement to avoid money laundering cases and with the KYC they can also serve those who bet big and pay them without any trouble.
I think what we should have knowledge about before choosing a KYC-inclined gambling site is their ability to secure the information that we will provide.
We had a case here in the forum where a gambling site is being accused of spilling that sensitive information to different people. We all know there are scammers who are buying them and that is why sometimes we get e-mails from unknown senders and some of them are phishing attacks that could harm our accounts.

It's proper to say regulated and non-regulated. Of course, those casinos that are regulated will continue to implement the KYC. It's not that they want their gamblers to pass the KYC, but they are required by their regulator to implement it, so they have no choice. As gamblers, we should accept that things have changed already. Anonymous gambling is not possible under the current situation. As crypto gets more popular, regulations are also getting stricter. There's nothing we can do about that but to comply or stop gambling.

Gambling casinos cannot stop demanding for kyc, we should know this, except for the gambling platforms that are not kyc inclined, if not, those other platforms will always demand for their users information in other to keep the records for future purpose or to also help monitor and guide the account from a third party access, one of the things we should always consider before starting is on the availability of the informations these platforms may require from us.

The government will not lets that happens and will make sure KYC still apply in online casino. The government will try to search for the casino and asks them to apply KYC for their members. The government wants to prevents money laundry in the online casino because that will not easy to track.

Only with the helps from the online business owner, the government can gets the data although that can be fake by the users. But at least, the government can start to track them by checking their personal documentation. That will helps the government to know who they need to be wary of.

The purposes of applying KYC is to prevents the illegal business that the governments don't know. If that happens, illegal business actors can do many things with their money. Before that happens, the government will trying what they can do to prevents that.

Even though some people are still not ready to accept it, it's a known fact that KYC verification isn't something imposed by the will of casinos because they want to do it but it is a part of the laws imposed on them based on which jurisdictions they are operating in and any casino that wants to operate within those regions and wants to acquire a license for it will be forced to add this rule for their customers, otherwise, they wouldn't be allowed to operate.

I still remember there were no such rules when cryptocurrency casinos were launched initially, a gambler could deposit and withdraw large amounts of Bitcoin and other cryptocurrencies without any problems, the price of Bitcoin wasn't as high as it is today back then, but it was already quite popular.
Later on, the authorities started regulating the casinos, and casinos started asking for KYC verification from their customers.