People do sees up KYC to be a bad thing but just like we do all know that it does have its positive effects or things that could bring out on which same on this case then crimes could really be solved out
on the moment that such crucial informations would really be known and this is really that something important. It is really just that this community is really that highly against KYC
and thats why they dont really that prefer it out but on cases or situations like this then it is really something important.
Generally speaking, KYC has many risk that is attached to it and the risks attached to it is not something I will begin to discuss now because it has already been talked about so many times on this forum. But there's a saying that's "everything that has disadvantages, also have a little or large advantage too. " Despite the risk of KYC, it has also help in capturing some culprits, just like the way the victims in the OP was identified.
Still, many gamblers are against it, and it's a fact. Right?
As much as possible, we want to be like cryptocurrencies like Bitcoin where our identities are private. I will never disagree with that. But, this is different, we will have to follow the rules, and anti-money laundering is one of the rules that gambling sites are following.
We don't have to hate them because they didn't make that rule, it's the government where their base is erected which is why they will have to pay some money to continue their business.
In a third world country, it's difficult to understand this. People keeps on making new stores even without permits and the government cannot even identify them anymore. The same with other gambling sites that will allow you to gamble as a newbies without KYC but will give you a hard time to withdraw.
Yes, for most of the platforms that ask for KYC, it's in compliance to the regulatory authority that grants them licence of operation and they don't they can't operate without it, so it's left for an individual to accept the terms and conditions of those platforms, either do their KYC or leave and never use the platform.
Casino doesn't force customer to do KYC, they always have it on their ToS, stating that they have right to ask for KYC any time.
It would really be that totally depends on you and you arent that forced to do the KYC stuff and just like on what you have said that they are really just that trying out to comply on whats been told
because they wont really be able to operate if they wouldnt really be trying out to follow. Wayback on which casinos are really that having no KYC and this what makes them that popular but now
we are seeing that those old platforms had become that trying to make out such integration and this is something thats expected to happen because we do know that in businesses such as this
on where huge money or fund is really that gets involved then its not something that could pass through governments eyes. This is where they would be putting up some licensing or whatever
they could put up into.
Just like on what you have said that we do still have the choice whether we would really be that dealing up with these sites or would really be finding for another place. Despite of such changes,
there are still those sites or platforms whose not really that asking for some KYC and you could still be able to play but somehow majority of them does have that kind of chance
to ask out some KYC on situational basis neither because of some violation or some big wins.
