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Topic: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 971. (Read 269318 times)

legendary
Activity: 3192
Merit: 1279
Primedice.com, Stake.com
Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.

Please prove what you wrote.

Where is the URL link to back up your claim?
I have the document, took some thousands of hours! Wink


The acronyms "AML" and "KYC" are not even mentioned once on their Curacao licence issuer website:
https://www.curacao-egaming.com/#page_id-5
Do you think it is relevant what an anonymous venture states on its website?

Do you think in Curaçao anonymous ventures make the laws? Cheesy

So you cannot provide a URL or link to back up your statement?

You said "Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.".

Prove it by providing a URL or link or withdraw your false comment.

JollyGood is correct here. Also, any user can request their data be deleted if they want to completely close their account. We don't require any information for players not even email.

I'd appreciate it if you guys just added eachother to ignore or discussed this in PM. Let's keep this thread on topic, I've avoided using bitcointalk because it has become a lot less about games and gambling and more about armchair legal debates and trolling.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.

Please prove what you wrote.

Where is the URL link to back up your claim?
I have the document, took some thousands of hours! Wink


The acronyms "AML" and "KYC" are not even mentioned once on their Curacao licence issuer website:
https://www.curacao-egaming.com/#page_id-5
Do you think it is relevant what an anonymous venture states on its website?

Do you think in Curaçao anonymous ventures make the laws? Cheesy

So you cannot provide a URL or link to back up your statement?

You said "Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.".

Prove it by providing a URL or link or withdraw your false comment.
hero member
Activity: 1344
Merit: 507
Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.

Please prove what you wrote.

Where is the URL link to back up your claim?
I have the document, took some thousands of hours! Wink


The acronyms "AML" and "KYC" are not even mentioned once on their Curacao licence issuer website:
https://www.curacao-egaming.com/#page_id-5
Do you think it is relevant what an anonymous venture states on its website?

Do you think in Curaçao anonymous ventures make the laws? Cheesy
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.

Please prove what you wrote.

Where is the URL link to back up your claim?

The acronyms "AML" and "KYC" are not even mentioned once on their Curacao licence issuer website:
https://www.curacao-egaming.com/#page_id-5
hero member
Activity: 1344
Merit: 507
And BTW, any company can ask for KYC ("Know your Client" information as it is now called the old "Verify your Identity"): there is no need to be backed by an authority to do that.

And there is no obligation for any online casino company to ask for KYC if they are not bound by any rules from the gambling licence issuer.
Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
And BTW, any company can ask for KYC ("Know your Client" information as it is now called the old "Verify your Identity"): there is no need to be backed by an authority to do that.

And there is no obligation for any online casino company to ask for KYC if they are not bound by any rules from the gambling licence issuer.
member
Activity: 280
Merit: 15
Rules to enter:
1. Follow us @Stake
2. Retweet this post: https://twitter.com/Stake/status/1042152842105155584
3. Comment your Stake username (So we can easily send funds!)
The graphic is almost as if everyone is going to get $250. The reality : if its split between 100 people then on an average everyone will get getting just $2.5 . Sad

The Total Prize given by the company is a very common way to present prizes in every kind of products: clothes, watches, books, cars, travels, eSports...
Take for example eSports, in Dota International, Valve always announce a X dollar prize pool, but you know it will be splitted between the top 10 teams (or even more).


From what I understand when a casino does KYC it's usually for liability reasons if they get a deposit that's either very large or a deposit from a shady source address such as stolen coins, hacked coins, MtGox coins, etc.

Exactly.
And BTW, any company can ask for KYC ("Know your Client" information as it is now called the old "Verify your Identity"): there is no need to be backed by an authority to do that.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
From what I understand when a casino does KYC it's usually for liability reasons if they get a deposit that's either very large or a deposit from a shady source address such as stolen coins, hacked coins, MtGox coins, etc.

This happened in the past already a few times and many scam accusations were started basically someone deposits like 10 BTC makes 1 roll and then tries to withdraw. In this scenario it seems like a sketchy withdraw so they will have to ask for KYC.

Thank you for the post. I read your scenario but am concerned a casino would ask for KYC in that situation.

For example, if the local police, legal authority or casino licence issuer requests those funds to be frozen until KYC is completed (because of a spot random check or as a result of other investigations) then that is definitely acceptable but if they casino operators are playing the KYC game to freeze funds and force customers in to sending ID just because they hold customer funds then it is not acceptable at all.

If somebody deposits 10 BTC then withdraws it after making one, two, three or zero rolls of a dice then what right does the casino have to ask for ID? If the casino is registered in a country and has a licence issued by an authority that imposes a KYC/AML policy then fine no problem, the casino website must state that policy clearly.

In the case of the scammers at Betking, its owner operator Dean Nolan registered the company in Costa Rica where a licence is not needed for gambling.

Stake and Primedice are registered in Curacao and each has its own gambling licence from there.

Cloudbet is registered in Montenegro and has a gambling licence from there.

No matter what amount you deposit, withdraw or win in online casinos there is NO requirement for KYC/AML unless the legal authority of the country your casino is based in asks you to freeze that customers account.

If an online casino asks you for KYC/AML then they are effectively lying behind the facade of "we have an internal system for detection that request KYC". Why would they lie? Well probably with the obvious ultimate goal to steal customer funds.

legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
I wanted to give some feedback and wanted to ask what will be done to address the highlighted issues:

1) There are no GDPR (EU law) options on the website
EU laws are not applicable for Stake.


Regarding Section 6 of your TOS it states: KNOW YOUR CUSTOMER (“KYC”) Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.

Could you kindly advise a scenario that Section 6 might be invoked.

Thank you
1) Illegal casinos like Stake can not have juridical valid TOS. Hence whatever nonsense is stated in their TOS, it is not valid!

2) A casino that have anonymous accounts does not have the right to ask for KYC documentation.

3) If a casino has to enforce KYC procedure by law, then they have to do it as well in case of deposits.

From what I understand when a casino does KYC it's usually for liability reasons if they get a deposit that's either very large or a deposit from a shady source address such as stolen coins, hacked coins, MtGox coins, etc.

This happened in the past already a few times and many scam accusations were started basically someone deposits like 10 BTC makes 1 roll and then tries to withdraw. In this scenario it seems like a sketchy withdraw so they will have to ask for KYC.
hero member
Activity: 952
Merit: 576


Another $250 dollar giveaway! The prize will be split between 100 winners!

Rules to enter:
1. Follow us @Stake
2. Retweet this post: https://twitter.com/Stake/status/1042152842105155584
3. Comment your Stake username (So we can easily send funds!)

Winners will be chosen & credited in less than 24 hours from this post.

The graphic is almost as if everyone is going to get $250. The reality : if its split between 100 people then on an average everyone will get getting just $2.5 . Sad
hero member
Activity: 1344
Merit: 507
I wanted to give some feedback and wanted to ask what will be done to address the highlighted issues:

1) There are no GDPR (EU law) options on the website
EU laws are not applicable for Stake.


Regarding Section 6 of your TOS it states: KNOW YOUR CUSTOMER (“KYC”) Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.

Could you kindly advise a scenario that Section 6 might be invoked.

Thank you
1) Illegal casinos like Stake can not have juridical valid TOS. Hence whatever nonsense is stated in their TOS, it is not valid!

2) A casino that have anonymous accounts does not have the right to ask for KYC documentation.

3) If a casino has to enforce KYC procedure by law, then they have to do it as well in case of deposits.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I wanted to give some feedback and wanted to ask what will be done to address the highlighted issues:

1) There are no GDPR (EU law) options on the website

2) There are no Cookie options on the website

Regarding Section 6 of your TOS it states: KNOW YOUR CUSTOMER (“KYC”) Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.

Could you kindly advise a scenario that Section 6 might be invoked.

Thank you



member
Activity: 2352
Merit: 57
Primedice.com & Stake.com


Another $250 dollar giveaway! The prize will be split between 100 winners!

Rules to enter:
1. Follow us @Stake
2. Retweet this post: https://twitter.com/Stake/status/1042152842105155584
3. Comment your Stake username (So we can easily send funds!)

Winners will be chosen & credited in less than 24 hours from this post.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.

Makes sense to use Bitcoin as the key coin. Sometimes community might push for something that is not viable for the site owners to implement no matter how much the community wants it.
sr. member
Activity: 868
Merit: 259
Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.

A combination, we had a poll a couple months ago and have been adding in the top coins from that poll. We're open to suggestions but it doesn't make a lot of sense for us to spend a ton of time integrating a coin that isn't widely used.

Okay. I will post Burst's information sheet here for your consideration in case theres a chance that you change your mind. Ty.

Burst has the qualities to be one of the most decentralized coins because of its low energy requirement in mining. One developer from the community made a solar powered node that transmitted a transaction through radio.

"Proof-of-Life” Off-Grid Crypto Transaction


General information
  • Name: Burst
  • Ticker: BURST
  • Number of decimals: 8
  • Maximum supply: 2,158,812,800
  • Algorithm: Proof-of-Capacity
  • Release: no ICO, no premine
  • Developers: PoC Consortium

Exchanges listed
  • bisq (P2P exchange): BURST/BTC
  • Bittrex: BURST/BTC
  • Coinroom: BURST/USD, EUR, PLN, GBP, NOK, CHF, CZK, DKK
  • Indacoin: BURST/USD, EUR, RUB (Visa & MasterCard)
  • Livecoin: BURST/BTC
  • Poloniex: BURST/BTC
  • UPbit: BURST/BTC
  • xchange.me: BURST/BTC, ETH

More information

Technical support / contact

legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.

A combination, we had a poll a couple months ago and have been adding in the top coins from that poll. We're open to suggestions but it doesn't make a lot of sense for us to spend a ton of time integrating a coin that isn't widely used.

I think you would get more interest if there was a issue with Bitcoin transaction fees but basically since the beginning of the year you could get away with sending a TX for only 1 sat/byte.

Most likely until that happens again most people will just stick with Bitcoin.

Even if that happens, who knows maybe the lightning network would be more widely used and gambling sites could finally start using the LN. Hence another reason not to use any other coin but Bitcoin itself.

legendary
Activity: 3192
Merit: 1279
Primedice.com, Stake.com
Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.

A combination, we had a poll a couple months ago and have been adding in the top coins from that poll. We're open to suggestions but it doesn't make a lot of sense for us to spend a ton of time integrating a coin that isn't widely used.
:wq
copper member
Activity: 258
Merit: 49
Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.

You are more than welcome to suggest any coin here or on our official forum, but generally speaking we only choose one's with a long lasting reputation and high volume in use. It is highly unlikely we would ever consider one that was born from an ICO, for reasons that many people would understand.
sr. member
Activity: 868
Merit: 259
Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.
:wq
copper member
Activity: 258
Merit: 49
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