A simple answer, just don't gamble if you don't want to under go KYC.
Each company has policy but company needs to comply with government regulation. It isn't the company that wanted you to undergo KYC but it is the government regulation. Beside government will never accept the excuse of evading KYC because we are using cryptocurrency.
Topic: Unpopular opinion about crypto gambling - page 6. (Read 1048 times)
There has to be reasons why casinos are asking us for our KYC. One that I can think of which a very important matter to them and for the government is all about money laundering.
Money launderers are aware of this that they can flow and send their money into casinos and have it replaced.
In that manner they can't be traced that they've laundered money and that's why there's a strict implementation towards it from different casinos that we know of.
Money launderers are aware of this that they can flow and send their money into casinos and have it replaced.
In that manner they can't be traced that they've laundered money and that's why there's a strict implementation towards it from different casinos that we know of.
Be ready then as maybe in the near future, expect that crypto casinos and bookies might now implement a KYC procedure. That was part of the regulation and gambling sites have no choice but to implement it.
Do we have a choice once it was strictly imposed on us?
My question to OP is, do you still want to do gambling at crypto if ever KYC will be implemented?
Do we have a choice once it was strictly imposed on us?
My question to OP is, do you still want to do gambling at crypto if ever KYC will be implemented?
In the end you need to provide your personal information in life for anything that involves huge amount of money.
*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
the problem is not that of doing something illegal, the biggest problem is the fact that the person has to deliver documents on the internet sites when they are anonymous sites and that the owners of the sites are anonymous, so how a person will feel good and safe to do Is KYC on an anonymous site a good choice? Where do your documents go when you KYC at the anonymous casino? who is keeping an eye on the anonymous casino to make sure your documents are safe and won't be sold to some criminal? how many cases of data sales have we heard? At least I've heard many cases of data sales, there's no way for anyone not to be afraid to KYC on online sites like casinos and exchanges
Why ? Just why ?
While sharing that image, you should also add some additional information on what are those crypto-gambling sites that already asking for KYC.
I don't know yet a crypto-gambling site that asking KYC as a mandatory thing.
Not unless if it's about big winnings or something unusual activity on that account, that might trigger the KYC stuffs.
at least for now we are really safe because crypto casinos only ask for KYC in case of any suspicious activity detected. but in the future governments will put more pressure and casinos will be forced to ask for KYC as soon as the person creates an account
Why ? Just why ?
While sharing that image, you should also add some additional information on what are those crypto-gambling sites that already asking for KYC.
I don't know yet a crypto-gambling site that asking KYC as a mandatory thing.
Not unless if it's about big winnings or something unusual activity on that account, that might trigger the KYC stuffs.
Why ? Just why ?
Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?
I think OP is against the KYC more than the gambling itself. I too agree that gambling sites which make KYC mandatory are not good for us who want to remain anonymous but usually we don't have many choices but to accept KYC. You can choose on playing non kyc platform but the good ones without kyc are hard to find.
The more pressing issue in that image is the fact that crypto has been advertised as "anonymous" or "private" that's why they mock anyone who submit their identity. Using crypto in casinos or any other platform that asks KYC is in contradiction or defeats the purpose of why it's been created.
There are bad people who will misuse gambling platforms for money laundering and in order to fight them, KYC is implemented.
Anyways, if anyone can share non-KYC reliable gambling sites, it will be good for everyone who are hesitant to share their KYC online.
My interpretation with this picture is that, he want’s to gamble but he needs someone to push him play and force him with KYC which later on, he will blame for losing the money. Well, if you are a gambler and understand cryptocurrency already you don’t need someone to tell you why, because you can easily do your own research here. There’s a simple answer here, if you don’t like KYC then don’t gamble.
The more pressing issue in that image is the fact that crypto has been advertised as "anonymous" or "private" that's why they mock anyone who submit their identity. Using crypto in casinos or any other platform that asks KYC is in contradiction or defeats the purpose of why it's been created. Why ? Just why ?
^There are still gambling platforms that did not require a KYC process, but the problem is you need to know the reputation if this is enough for them to trust your fund. This has been discussed here so many times why people avoid KYC compliance on any gambling platform and some prefer to gamble in a centralized gambling platform that has require KYC because they know it is regulated and trusted. Each one of us has a prefer for choosing a casino if you avoid gambling casinos that required KYC I respect your decision because I know you have a valid reason.
Simply, if you don't like that crap then stay away from that platform.
There are lots of gambling sites around if you just know how to explore.
That's not even a problem in the first place. If the time will come that all crypto-gambling sites will mandate KYC then I will also end up on that question but for now, there's a solution or alternative to your problem. Don't stress yourself about it.
There are lots of gambling sites around if you just know how to explore.
That's not even a problem in the first place. If the time will come that all crypto-gambling sites will mandate KYC then I will also end up on that question but for now, there's a solution or alternative to your problem. Don't stress yourself about it.
There are many reasons users do not like KYC. Some users want to be anonymous to avoid things such as taxes. Some other reasons may include underage, gambling illegal in their area, or hacker using stolen funds.
I'm sure there are other legit reasons but none that I can think of.
I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.
I'm sure there are other legit reasons but none that I can think of.
I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.
You need to know that not all kycs are bad, as long as these parties carry out these rules for the safety and comfort of the players as well. You also need to ask the site, why should there be a kyc?, so if their answer is in accordance with my opinion at the beginning, then we can accept it well.
Crypto made for the reason of anonymity and freedom but since we also seeks mass adoption and regulations, this is where the government interventions begins and that’s why KYC are being asked on most of the licensed gambling site, once they register for that they are required to follow the regulations and KYC is a thing there.
No one will change your mind here, this is gambling and you should do what you think is right. If you don’t want to gamble with KYC that’s fine, at least you are safe from losing the money.
No one will change your mind here, this is gambling and you should do what you think is right. If you don’t want to gamble with KYC that’s fine, at least you are safe from losing the money.
Well if you don't like crypto gambling, then there is fiat as well, land base on online base. But it will be just same though, casinos are going to ask for you documents specially if you are going to win big.
Of course, we don't want to go to KYC procedure because it is against the basic tenent of crypto which is anonymity, but this is now the world we live in, regulators are coming in full force so it's either we adapt to survived or move. And so I guess others will have to follow to be able to stay in the world that we love to move now, which is crypto space.
Of course, we don't want to go to KYC procedure because it is against the basic tenent of crypto which is anonymity, but this is now the world we live in, regulators are coming in full force so it's either we adapt to survived or move. And so I guess others will have to follow to be able to stay in the world that we love to move now, which is crypto space.
Why ? Just why ?
If everyone decides to be honest in the gambling industry by not using illicit money to gamble by not using gambling platforms as means of money laundry and also by not trying to cheat the gambling companies.Generally if everyone decide to be morally right, there won't be any need for your personal identity. It because humans are difficult to control and will always want to extort a given system that is why kyc is implemented in gambling and other related Industries still kyc it is been abused by the regulators.
Why ? Just why ?
Every person has their own opinion and preference. Convincing anyone that their thought is wrong is pretty much difficult. It is easier to tutor a person with comprehension deficiency than a person that has a firm belief that they are right since this person is ready to reject any opposing input to what he believes in.
Anyway way, I believe it is also stupid to think that holding cryptocurrency enables us to have the special privilege of being exempted from government regulation.
KYC is highly frowned upon on this forum and luckily we do have lots of options to take on dealing with casinos which doesnt really ask out for verification.
Its expected for these platforms to have that kind of ruling considering that they are centralized and regulated which means that they dont really have also the choice
because if they would tend to oppose then it would be over of their business or simply they cant make out any operation.This is why even they do like it or not
they would really be applying those terms even they do know that the community doesnt really like it.
Its expected for these platforms to have that kind of ruling considering that they are centralized and regulated which means that they dont really have also the choice
because if they would tend to oppose then it would be over of their business or simply they cant make out any operation.This is why even they do like it or not
they would really be applying those terms even they do know that the community doesnt really like it.
I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures
If they have gaming license, they have no choice but to implement the AML/KYC protocols.
This is why if there is some suspicious amounts getting in, some of them may ask for proof of funds.
I believe, we can't avoid this to happen these days as crypto casinos are getting regulated by the government already.
For most non-licensed, they may not require KYC but for new ones, it is still hard to trust them especially if you have significant amount of money.
Now, it is on your own disposition whether you will play on licensed or non-licensed casinos. It is your own risk you are taking here.
I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures
Just as we have been saying all the while, if you are not involved in any illegal deals I don't think you will have any problem with KYC even though crypto user value privacy there are still some limitations to that especially when you want to access a third-party service such as casinos.
So in other to protect you from problems, it becomes helpful to provide some KYC documents so that your identity can be verified.
KYC has become a sad reality that we can not avoid because there have been so.much limitations that are tied to KYC, so I won't say KYC is entirely a stupid thing to do as a crypto user in some cases.
So in other to protect you from problems, it becomes helpful to provide some KYC documents so that your identity can be verified.
KYC has become a sad reality that we can not avoid because there have been so.much limitations that are tied to KYC, so I won't say KYC is entirely a stupid thing to do as a crypto user in some cases.
So gambling with fiat on those platforms that asks KYC is exempted? There is nothing we can do with that, that's part of growing if you're looking at the growth of cryptocurrencies being used by casinos as their currency to gamble with.
There are still some exceptions these days and some casinos that don't ask for it if you're just a small time gambler. And that's what you just have to look at and try them if they won't ask you further to verify your identity with your stay there.
There are still some exceptions these days and some casinos that don't ask for it if you're just a small time gambler. And that's what you just have to look at and try them if they won't ask you further to verify your identity with your stay there.
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