FreeBitco.in is no longer a KYC free casino! (New terms) - page 3.

TheQuin

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Quote from: Haunebu on July 19, 2023, 12:55:09 AM

It's definitely not that simple. The primary issue here is that many crypto gambling sites take advantage of KYC in an unfair manner in order to avoid paying out winnings and screwing gamblers in the process.

For example, a top site like Stake has been harassing a particular gambler using KYC as a shield. This is just one of the reasons as to why KYC is usually frowned upon.

KYC is a double-edged sword if you think about it.

It is that simple. You said it yourself.

"has been harassing a particular gambler using KYC as a shield" That's a reputational issue of bad business practice. Any site that doesn't state it the Terms could also use it as a shield.

I was pointing out the legal obligations anyone providing a service is under. Omitting putting that in the Terms doesn't remove it.

It's sad that bad businesses unfairly not paying out makes you guys think that anyone honestly stating their obligations in their Terms will do the same.

Quote from: Kakmakr on July 19, 2023, 01:36:10 AM

Come on "Quin" .... you know Wetsuit have been operating in the shadow for years... I do not even think you know who he/she is. Freebitco.in operated under the radar of the regulators, but now the FUN tokens are taking off and they are starting to look like a real casino with all the latest additions.

You can only grow so big, before the regulators sit up and take notice... and I think you guys peaked their interest. There is nothing wrong with going "legit" ... I am just saying, a lot of people are not going to be happy.

This is similar to what happened with "Circle" back in the day... they started with Bitcoin, then they turned into a Bank and they ditched their Bitcoin clients. Tongue

No. You come on. That's complete and utter nonsense that I've already told you is untrue.

We've always been a law-abiding site. We just clarified a few things in the ToS.

Quote from: TheQuin on July 18, 2023, 03:23:19 AM

No. We weren't pushed by anyone. As I have already stated we just wanted to make the site look more professional. As much as I liked the old 3 line ToS it did look a bit amateurish. Getting the lawyers to draft up a professional ToS is something we've been mulling over for a couple of years.

If you think otherwise you are wrong.

Fivestar4everMVP

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Quote from: worle1bm on July 19, 2023, 01:49:48 AM

With time more and more casinos are implementing KYC norms on their platform for players like this latest one from them but they are under some guidelines which they have to follow so this might be the case when applying for a licence but for players this might not be a good sign who were gambling because of non KYC casino but can't do anything about it now.

It is normally said that one thing that is constant in life is change, I've been a freebitco user since 2015 or so, and yeah, i really enjoyed playing there without having to worry about doing anything that might trigger a kyc on my account, simply because there is no kyc implemented, to be honest, the last thing i was expecting from this casino was implementing a kyc, but then, I am not surprised, i still will continue playing there whenever i feel like, freebitco has always been a casino that can truly be trusted, i believe that they will never unduly request kyc verification from customers for no reason at all.

worle1bm

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With time more and more casinos are implementing KYC norms on their platform for players like this latest one from them but they are under some guidelines which they have to follow so this might be the case when applying for a licence but for players this might not be a good sign who were gambling because of non KYC casino but can't do anything about it now.

Kakmakr

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Quote from: TheQuin on July 18, 2023, 03:23:19 AM

Quote from: Sim_card on July 18, 2023, 03:18:08 AM

~FreeBitco.ng has been pushed to government regulations and because they want to continue operating, they have to dance to the tone of the government.~

No. We weren't pushed by anyone. As I have already stated we just wanted to make the site look more professional. As much as I liked the old 3 line ToS it did look a bit amateurish. Getting the lawyers to draft up a professional ToS is something we've been mulling over for a couple of years.

Come on "Quin" .... you know Wetsuit have been operating in the shadow for years... I do not even think you know who he/she is. Freebitco.in operated under the radar of the regulators, but now the FUN tokens are taking off and they are starting to look like a real casino with all the latest additions.

You can only grow so big, before the regulators sit up and take notice... and I think you guys peaked their interest. There is nothing wrong with going "legit" ... I am just saying, a lot of people are not going to be happy.

This is similar to what happened with "Circle" back in the day... they started with Bitcoin, then they turned into a Bank and they ditched their Bitcoin clients. Tongue

Haunebu

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Quote from: TheQuin on July 19, 2023, 12:32:43 AM

All sites are subject to the laws of wherever they are based. They would have to comply with any court order requiring them to identify a customer (eg. suspected money laundering, handling stolen funds etc.). That's the case for all sites without any mention of it in their ToS. Is it professional to omit it?

In summary, using the definition that we are now a KYC site means that a non-KYC site is willing to violate the laws they are subject to.

It's definitely not that simple. The primary issue here is that many crypto gambling sites take advantage of KYC in an unfair manner in order to avoid paying out winnings and screwing gamblers in the process.

For example, a top site like Stake has been harassing a particular gambler using KYC as a shield. This is just one of the reasons as to why KYC is usually frowned upon.

KYC is a double-edged sword if you think about it.

TheQuin

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Quote from: Darker45 on July 18, 2023, 10:29:32 PM

Anyway, to TheQuin, since you're not pushed by any agency to include KYC in your ToS or required by Costa Rica to implement it, why did you include it anyway? Is it not possible to draft a new and more professional ToS without including KYC?

I think this is a result of a common misunderstanding here on the forum of what a KYC site is. A KYC site requires you to verify your identity either at signup or when you want to deposit, gamble or trade.

All sites are subject to the laws of wherever they are based. They would have to comply with any court order requiring them to identify a customer (eg. suspected money laundering, handling stolen funds etc.). That's the case for all sites without any mention of it in their ToS. Is it professional to omit it?

In summary, using the definition that we are now a KYC site means that a non-KYC site is willing to violate the laws they are subject to.

wiss19

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I somehow aware of this is going to happen one day or other, their user base has been increasing rapidly over the years, and they were surely going to get noticed by the authorities and they would never allow them to keep operating without a license since they are offering a lot of services to their customers. I also think that they might be making some upgrade or something and that might be the reason why they are doing all this just to prepare the platform for the update.

However, this is surely going to change the pace in which they were gaining users because there were no requirements like these before and users used to join without any hesitation or restrictions no matter where they used to be from which is not the case anymore since they have restrictions for certain jurisdictions.

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Quote from: examplens on July 18, 2023, 02:54:36 PM

OP, Maybe the title is a bit excessive. They introduced some restrictions for certain countries and announced a possible request for KYC information in case they suspect an attempt to circumvent this rule. So for a large number of users, it is still a no-KYC casino.

Plus it is clarified here that:

Quote from: TheQuin on July 18, 2023, 01:59:24 AM

Quote from: Mahdirakib on July 18, 2023, 01:38:19 AM

Quote from: notblox1 on July 17, 2023, 05:12:34 PM

Do you know any player at Freebitcoin who was asked to perform KYC verification?

They have implemented the new terms in this month. Probably Freebitco team hasn't applied the identity verification rules to anyone yet. But they might do it in the near future.

It was about weeks ago. No we haven't and I very much doubt we ever will.

However, just the same, it's just fair to remove FreeBitco.in from the no-KYC category considering that it is clearly stipulated in their updated ToS that it has the right to verify your identity. Having an account there means you agree to it. So, despite a team member expressing doubt that KYC will ever be actually implemented to anybody, it isn't the agreement that gamblers agree on. It's not an assurance or a guarantee.

Anyway, to TheQuin, since you're not pushed by any agency to include KYC in your ToS or required by Costa Rica to implement it, why did you include it anyway? Is it not possible to draft a new and more professional ToS without including KYC?

TheQuin

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Quote from: Mahdirakib on July 17, 2023, 02:40:39 PM

Note: This topic is self-moderated in order to avoid gambling board spammers. Don't make off-topic discussions, and avoid spamming here.

Quote from: Mahdirakib on July 18, 2023, 01:38:19 AM

~TheQuin has already given a reply above.

I'm going to dip out of the thread now as people will just continue to say things I have already denied/contradicted.

ie.

Quote from: TheQuin on July 18, 2023, 01:18:05 AM

It isn't having any effect on how the site is run. The only issues I deal with are multi-accounting and botting abuse.

Quote from: TheQuin on July 18, 2023, 02:14:17 AM

I have already answered that twice. The only blocking is for multi-accounting and botting.

and

Quote from: TheQuin on July 18, 2023, 03:23:19 AM

No. We weren't pushed by anyone. As I have already stated we just wanted to make the site look more professional. As much as I liked the old 3 line ToS it did look a bit amateurish. Getting the lawyers to draft up a professional ToS is something we've been mulling over for a couple of years.

CryptSafe

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I knew it that a time would come where KYC would be strictly adhered to in various casinos and believe me you, cex would not be left out too as the government is bent on regulating anything crypto and wanting to take tax in every transaction that takes place on crypto. Freebitco.in is one of the best casino platform i frequently use and so far my experience with the casino is quite an interesting one but i was thinking about it though but possibly, they might have been forced to do otherwise and the management and team have no choice than to succumb to their will pressure and forcing their members to possibly be alert for their kyc spree which has started chasing away their client. Looking at this, many client would do away with them for good and they might end up losing more than they expected.

Casdinyard

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Almost expected it. Not really surprised. As what most people here have already said. KYC is the meta amongst casinos due to jurisdictions and in the name of following the law and continuation of its service to the public, Freebitcoin will be forced to implement KYC. I think it's only fair, I've lost a couple of accounts in their site in the past and got a few of my deposits stolen too which is a lapse on my part I know, but with this new KYC mechanic it may become harder for hackers and scammers to steal my stuff you know? Worse comes to worst all we'd have is just a few minutes of irksome KYC processing, so I think this is a win-win. It's been a minute since Freebitcoin implemented massive changes in their system anyway so this is more than welcome at least to me.

babygun

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Quote from: danadc on July 18, 2023, 04:29:33 PM

Quote from: Haunebu on July 18, 2023, 11:41:20 AM

Quote from: dwyane36 on July 18, 2023, 10:00:11 AM

Let's hope that the new ToS is just a formal thing and that the conditions on the freebitcoin site will remain the same as it has been for the last 10 years.

I doubt that because KYC is a tool that crypto gambling sites can use whenever they want to legally thanks to the TOS in order to do whatever they want without jeopardizing the reputation of their site.

I doubt Freebitco would do anything shady through KYC as a tool, but the possibility cannot be discounted in my opinion.

It is not clear to me, I have not visited my freebitcoin account again, and are they already establishing the KYC ? That is Something that frustrates, because then the regulations by countries took it, it is a pity that these apps are restricted , this will make many users of rreebitcoin Leave the Platform , there was a lot of boasting that this was the most Reliable Platform and that They did not have KYC requirements, but all the debate that could take place here will lead to the same thing, nothing can be fixed from here, if they Already agree with the KYC it is Because the government things turned ant-colored, it is a pity and Disappointment.

They mainly put it in place for new accounts and as TheQuin mentioned, old accounts should normally not be affected and they put it in place to protect them for bots and multi accounts. Lets see how it evolves in the future but these answers reassured me, that as an old member of the site, I will not have any issues to continue the use the site.

dothebeats

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Quote from: danadc on July 18, 2023, 04:29:33 PM

Quote from: Haunebu on July 18, 2023, 11:41:20 AM

Quote from: dwyane36 on July 18, 2023, 10:00:11 AM

Let's hope that the new ToS is just a formal thing and that the conditions on the freebitcoin site will remain the same as it has been for the last 10 years.

I doubt that because KYC is a tool that crypto gambling sites can use whenever they want to legally thanks to the TOS in order to do whatever they want without jeopardizing the reputation of their site.

I doubt Freebitco would do anything shady through KYC as a tool, but the possibility cannot be discounted in my opinion.

It is not clear to me, I have not visited my freebitcoin account again, and are they already establishing the KYC ? That is Something that frustrates, because then the regulations by countries took it, it is a pity that these apps are restricted , this will make many users of rreebitcoin Leave the Platform , there was a lot of boasting that this was the most Reliable Platform and that They did not have KYC requirements, but all the debate that could take place here will lead to the same thing, nothing can be fixed from here, if they Already agree with the KYC it is Because the government things turned ant-colored, it is a pity and Disappointment.

They are growing and they are evolving. It is to be expected that one of these days, they’ll get bitten by the strict KYC rules. Unfortunately, they did, and now they have to comply with the regulations of the countries they are working with, else they are to be shutdown on that country. Casinos with no KYC rules will eventually succumb, unless they comply with the requirements set by the governments of the countries they work with. Gone are the days of anonymous gambling, I’d say, and so does with Freebitco.in.

Fatunad

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Quote from: Haunebu on July 18, 2023, 11:41:20 AM

Quote from: dwyane36 on July 18, 2023, 10:00:11 AM

Let's hope that the new ToS is just a formal thing and that the conditions on the freebitcoin site will remain the same as it has been for the last 10 years.

I doubt that because KYC is a tool that crypto gambling sites can use whenever they want to legally thanks to the TOS in order to do whatever they want without jeopardizing the reputation of their site.

I doubt Freebitco would do anything shady through KYC as a tool, but the possibility cannot be discounted in my opinion.

Been long time since i have left and not playing on Freebitco and now they do have this kind of recent update having about those terms on potentially be able to ask out some KYC if ever they wanted?
Totally not a shocking thing on which these platforms would really be that come from kyc-less until it would come into a point on which it would really be going in line into those platforms or companies
to become that heavily regulated or something that would really be making out those changes for them to have that kind of possible ask out of documentation or would really be pertaining about
your identity which it isnt shocking anymore.

As long things or companies been get involved with huge sums of money then its no brainer that sooner or later they would really be asked out on something about being that
needing to abide on what those government rules and regulations that had been set out.

danadc

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Quote from: Haunebu on July 18, 2023, 11:41:20 AM

Quote from: dwyane36 on July 18, 2023, 10:00:11 AM

Let's hope that the new ToS is just a formal thing and that the conditions on the freebitcoin site will remain the same as it has been for the last 10 years.

I doubt that because KYC is a tool that crypto gambling sites can use whenever they want to legally thanks to the TOS in order to do whatever they want without jeopardizing the reputation of their site.

I doubt Freebitco would do anything shady through KYC as a tool, but the possibility cannot be discounted in my opinion.

It is not clear to me, I have not visited my freebitcoin account again, and are they already establishing the KYC ? That is Something that frustrates, because then the regulations by countries took it, it is a pity that these apps are restricted , this will make many users of rreebitcoin Leave the Platform , there was a lot of boasting that this was the most Reliable Platform and that They did not have KYC requirements, but all the debate that could take place here will lead to the same thing, nothing can be fixed from here, if they Already agree with the KYC it is Because the government things turned ant-colored, it is a pity and Disappointment.

examplens

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I don't see any official update from them for existing users, this information can only be found in the terms during registration. It seems to me that this is not the most transparent thing done by them. Sad

OP, Maybe the title is a bit excessive. They introduced some restrictions for certain countries and announced a possible request for KYC information in case they suspect an attempt to circumvent this rule. So for a large number of users, it is still a no-KYC casino.

Quote from: Yogee on July 18, 2023, 10:32:17 AM

Quote from: Mahdirakib on July 17, 2023, 02:40:39 PM

[....]Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

This is the first thing that I thought of before opening your topic.

I would rather say that it is not. I think that the Curacao license requires a somewhat longer list of restrictive zones. But maybe this is just the beginning.

Haunebu

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Quote from: dwyane36 on July 18, 2023, 10:00:11 AM

Let's hope that the new ToS is just a formal thing and that the conditions on the freebitcoin site will remain the same as it has been for the last 10 years.

I doubt that because KYC is a tool that crypto gambling sites can use whenever they want to legally thanks to the TOS in order to do whatever they want without jeopardizing the reputation of their site.

I doubt Freebitco would do anything shady through KYC as a tool, but the possibility cannot be discounted in my opinion.

Yogee

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Quote from: Mahdirakib on July 17, 2023, 02:40:39 PM

[....]Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

This is the first thing that I thought of before opening your topic.

Quote from: noorman0 on July 18, 2023, 12:18:29 AM

Quote from: Mahdirakib on July 17, 2023, 02:40:39 PM

-snip-
Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

Freebitco also restricts curacao users, I think there is no way a company registered in country X will restrict users from the same base. cmiiw

You'll be surprised but Curacao Government actually requires gambling platforms to include their country in the list of forbidden countries.

I got curious about this as well and I've asked about this before in one of my topics. I got this link in one of the responses https://www.curacaowebhosting.com/2018/05/18/where-can-a-curacao-gambling-license-be-used/

Quote

To Qualify the above

The Curacao license strictly forbids the following countries Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, USA.

All other countries are fair game.

You can also verify this by looking at the terms and conditions of all Curacao licensed crypto casinos that are advertised here.

Mr.right85

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Quote from: Mahdirakib on July 17, 2023, 02:40:39 PM

FreeBitco.in is no longer a KYC free casino

Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

You may follow this thread to get updates about the casinos License and KYC requirements: Information of Crypto Casinos License and KYC requirements.

I think not on getting a licence from Curaçao based on the under listed nations under physical prohibition from playing at FreeBitco.in. It would be a little put of place to have a licence from an agency in a prohibited nation, don't you think.

Still, I don't quite understand the term job be something out of the ordinary with them stating "they would be using third party sites for information verification if need be". It's the most w get from a lot of casinos within the space.

The term doesn't seem like a harsh one although, its a need to know for the users that play there to understand if, its something they can accept but, are there any exceptions to already existing customers before the rules was changed?

dwyane36

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Quote from: Wapfika on July 18, 2023, 05:36:22 AM

As per Quinn's reply few posts above, They just update it to become more professional from a legal perspective but they still didn't implement it at this moment. The casino still running on the same rules and the ToS update is just for professionals and at the same time to protect them when regulators start to knock on their door. I think this should be highlighted to avoid confusion but maybe in the future, they might fully implement it. No one knows when.

Let's hope that the new ToS is just a formal thing and that the conditions on the freebitcoin site will remain the same as it has been for the last 10 years. By the way, it's strange that freebitcoin has specified in the new rules only 7 countries whose users are not allowed to use its site. Other gambling sites usually have a much longer list of restricted jurisdictions, some have 50-60 countries, and others have 80+ countries.

Topic: FreeBitco.in is no longer a KYC free casino! (New terms) - page 3. (Read 1015 times)