talking about this part of giving people more freedom in crypto casinos, I remembered that I have been listening to people in my country who go to physical casinos and one day I went to a place where it was very close to the physical casino in my country and being So I went to see what the requirements were to enter the physical casino and play and to my amazement the requirements were only 2:
1 - bring ID that proves you are over 18 years of age
2 - have money
And the funny part about this is that when people withdraw the money they won in the physical casino, they just present their ID and withdraw all the money, even when they win millions, and governments don't complain about this, they don't ask for documents of origin of the funds . but when you go to the online casino things become a headache, for example:
Someone would think that he will play calmly and that if he is lucky he will be able to withdraw a lot of money, at least 30 ETH and a lot of money for me. but that person when they read this part of the TOS
1.3 - Source of funds
Verification may be required by every user who have deposited over 5 ETH in any calendar month, there is a process in place to understand the source of wealth (SOW).
Examples of SOW are:
•Ownership of a business
•Employment
•Inheritance
•Investment
•Family
It is critical that the origin and legitimacy of that wealth is clearly understood. If this is not possible an employee may ask for an additional document or proof.
The account may be frozen if the same user deposits either this amount in one go or multiple transactions which amount to this. An email will be sent to them manually to go through the above, and information on the website itself.
1.4 - KYC Trigger:
These steps may be triggered if any player attempts to withdraw an amount exceeding $10,000.
source: https://metawin.com/games/kyc/most of the people who play in crypto casinos are people who have bought cryptocurrencies for years and do hodl, make money from subscription campaigns, make money from investing in altcoins, make money from trading, make money from being bounty hunters. how these people will do when asked for the origin of the funds? I have no doubt that these people will have difficulties. I honestly don't understand what the hell is going on in the heads of these people who set these rules, maybe they are people from Curacao. These are unnecessary rules, as they could impose requirements such as playing with 100% of the amount deposited as a requirement for withdrawal, as there would be no room for money laundering and entering ID and proof of address documents. but they are asking for things like proof of origin of funds to create more headaches for people using crypto casinos
I think that Metawin representative on this forum will give you the best answer but as I understood, things are different for regular users and web3 users. Users who deposit on a custodial wallet address have to go through the procedure that you quoted from Metawin's KYC information source and users who use web3 wallet, can withdraw up to 30 ETH almost instantly without human interaction.
I think that it's the difference between web3 and custodial wallet users on Metawin but I might be wrong, no one should depend on my theory. Let's wait for the answer from Metawin officially or if anyone is in a hurry, please ask to their moderators on Discord.
