Hey, I just want to inform everybody that Oshi is not anonymous bitcoin casino anymore.
I played on regular basis at Oshi casino and withdrawals were always processed automatic and now I completed bonus wagering requirement and requested small cashout and received this email:
'Dear Player!
Please, upload a photo of your ID in your personal account, section "Bonuses" for us to be able to verify it and process your cashout.
Thank you for understanding!'
Bonus in this case was only 0.005mBTC and withdraw request was under 0.15BTC.
If you want to play at Bitcoin casino and do not want to get such request avoid Oshi and any other SoftSwiss casino they will request you to send ID whenever you request withdraw.
This is gift for being loyal player.
Nick Garner, founder and CEO of Oshi here... I want to go through a few different points to hopefully clear up any misunderstandings.
For contextwe are technically a white label casino on the SoftSwiss network. SoftSwiss specialises in Bitcoin transactions and when I founded Oshi, I figured Bitcoin was a good place to go and so I and my team set up Oshi on the SoftSwiss platform.
We've separated our 'front end' i.e. game search, the general website experience to make the site work better for customers. We also get deeply involved in customer services and we take sole control of the marketing.
But, as a white label casino, the transactional engines, licensing, game integration is all shared with at least 30 other casinos.
Oshi as an anonymous casinoWe all share the same Curaçao licence so were all bound by the same laws and constraints as all other SoftSwiss casinos. So taking another SoftSwiss casino;
https://www.bitcoinpenguin.com/ as an example, they pitch on anonymity, but in fact they are as anonymous as we are.
US and other players from regulated jurisdictionsno SoftSwiss casino will knowingly accept customers from jurisdictions such as United States and the UK. This is because governments of these countries, Curaçao the licence provider, the games providers and finally the payment providers would all take legal action or suspend service and that would obviously be catastrophic to SoftSwiss and all the casinos on the network. That's why all of us are equally sensitive about accepting customers from jurisdictions like the UK and US.
Money launderingbecause of all of this global anti terrorism legislation, brands like us take anti-money-laundering very seriously. As a result we want to verify any substantial cashouts by doing an identity check.
Bitcoin being pseudo-anonymous and sitting outside of the normal FIAT ecosystem, means that a Bitcoin casino cannot practically do identity verification for every single customer. Casinos like Oshi also make an assumption that if you have Bitcoin, you have obtained it by going through a Bitcoin exchange, where they will have verified your identity.
So as long as the transactions (money in/money out) are below a certain threshold, then it stays outside of what you could call a 'money-laundering risk'
The tightrope we walk on we work on the premise that the 'feds' know what were all doing. Therefore we do our very best to make sure we don't accept customers from jurisdictions like the United States, or the UK. We take anti-money-laundering very seriously and do our best to be vigilant. However, because Bitcoin is pseudo-anonymous and by its nature neither we or any other SoftSwiss casino never be 100% sure that a given customer is, or is not from a banned jurisdiction. And the widespread usage of VPNs only compounds the problem.
The customers/previous posters caseI can't be 100% certain it's the same customer that had posted here, but...
I've asked for an investigation to be done into this case and it turns out that there was a combination of two events:
- this customer had United States IP address (i.e. coming from an unlicensed jurisdiction)
- wanted to make a reasonably large cashout
Customer services sensibly asked for an identity verification. This customer got upset and posted here (I believe) . However, in the background hopefully we've made an amicable settlement with the customer.
and if you got this far in the thread, you'll now know a little bit more about licensed jurisdictions/money-laundering and the balance we have to keep, in order to stay in business. :-)