Topic: Well done KYC. - page 3. (Read 1865 times)

for safety of casino customers need to be verified before using casino, I don't know the reason so many of othe do emphasize on privacy when you ask them verified their documents,

I have not seen anything illegal for us to have done our KYC. Everytime we talk about kyc you most see someone will Lament of privacy i dont know the reason why some persons is afraid of KYC-verification, people that hide identity most, is people that's into illegal business such as money laundering, if you're not into illegal you will not be afraid of reviewing your documents to casino platform, since my stays in online registration and business I have not seen were a particular platform mostly casino platform released someone credentials to anybody, so I don't know why  people is Afraid of uploading their identity to casinos sites

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.

Due to reasons of failing to adhere to kyc rules as mandated by the government is a why, Binance top man was arrested and made to serve some jail time. He was however released yesterday and am sure it is just an example of how the law would react to any gambling or casino site that do not use kyc verification to have details of users on their platforms.

Anonymity is a strong enemy of the government and then there is the case of criminals using the absence of kyc on a site to demand ransom that is untraceable or when opening an account to launder money into.
Kyc verification on a casino site also does more to discourage gambling addiction and track wins to their main owners so as to avoid mistaken identity or otherwise.

This is just one of the many uses but, it wouldn’t bring the deceased girl back however, it would bring some closure to the deceased family, knowing that, the perpetrator of this hideous crime didn’t go un-apprehended and unpunished. Obviously, the kidnapper was dumb, that’s how dumb you find these set of persons who aren’t willing to do legit jobs and earn good money.

One thing that is there to note is that, your deposits are actually studied and when the behavior from deposit to gambling habits begins to alter, it raises a flag and brings attention. These T&C and means to identifying patterns does works and it’s frankly a good thing.

Sorry for the next family that would be missing this individual but, his obviously a danger to the society and should be allowed to face the full force of the law.

In that sense, using a Web3 casino makes sense. Since they're under DeFi, if regulation comes, it won’t be fully regulated. I'm not suggesting this to evade any laws, but to maintain privacy while gambling. For now, Web3 casinos seem like the best solution to achieve that.

Some may not agree that this implementation done by the casino but if they look at the bright side of protection that it can bring to them for sure that they provably want to do it especially if the casino asked is reputable one. It also avoid money laundering cases or any other related financial frauds happening. So instead of thinking about negative about KYC implementation maybe best to know the reason first on why the casino implement this.

I understand that some people give reason that they really up for their privacy that's why they are using crypto. But since every reputable casino is now regulated then expect that KYC verification will be asked to their costumers.

Well, there's a saying that too much of everything is not good. Or maybe he studied philosophy in a wrong way, or he's just simply consumed by his addiction and it made him do illegal things to acquire money.
But, killing someone, who happens to be his friend, I think he has serious mental problem and it is more than just gambling addiction.
Not so many people can tolerate violence.

If he find the girl's ID before or after he kills her, he can use that ID to verify his account but that will depends on how strictly the casino rules. If the casino require him to send a verification by online, that will be difficult for him to trick that casino.
We can only say that he is not smart enough to ask for the money to send into his private wallet but in his betting account so the police can track him down and get him before he use that money. It gives time for polices to know where he lived and go to that place to arrested him.
How come people don't go about with their ID cards? Because that ID cards is important for them so when something bad happen to them, police can know where they live and tells to their family so they can do something to the victim.

A popular phrase that any enlightened man should know.

Whether true or not, it doesn't apply in all situation.

You are looking at what I have explained from a different dimension, probably you don't want to be objective about our different views here. I want to make the record straight here, not all crimes that the perpetrators of the crime at eventually caught and brought to justice, and not because of any form of concealable act by the law enforcement body in charge or any higher authority but because the perpetrators meticulously left no trail for the security agent to start with in investigation. Have you ever heard of organized crime?

You do know that this crypto community does really have that highly frowned upon in speaking about KYC on which just like others been saying that we do want to deal up with things without having any involved of information verification or simply KYC because we do really value our anonymity and besides this is the main reason on why crypto gambling has become that popular just because it do really give out that chance for you to play anonymously which is really that totally opposite on what we are experiencing with centralized platforms like on fiat casinos online, but now we are seeing that licensing or simply centralizing these places is already that happening on which crypto people would be seeing this as a bad thing but actually there is really that having that positive too on which just like into these cases.

Who would really be on their right minds on trying out to exploit ransom money on a centralized platform? One complaint or having some issues then your funds would really be locked up. How much more into this kind of
certain case on which this one involves murder? You would really be definitely be finding yourself on such big problem but well that criminal serves him right. He had caught because he was just that too stupid
on dealing up with things and its good that he had been caught.

What an idiot, I'm lost for words. I know this shouldn't be a thing to joke about because a girl was killed, but this dude...


In case you didn't know, the word philosophy means love of wisdom. So the guy studied wisdom, but was dumb and greedy like the worst of them.
What was he thinking? That if he tells them who he is they won't come knocking?

As for the KYC, I'd still say that 1 such situation doesn't make it good and legitimie the process. It's like if you were to ban gasoline because once a year someone makes a molotov cocktail and burns down a house and now that won't happen, so the ban was a good idea.

this is one of the reasons I said that casino is good to be having a kyc verification because the kyc help to detect whoever that want to participate in any of the casino platform with scam methods so with you those of your documents that is attached to the platform you can be easily be detected when you have done anything wrong but the particular casino website so I don't condemn the facts that we should not turn our kyc verification before accessing any casino platform if how we are casino owners you must undergo through my protocols of verification before I'll be able to allow you to participate in my platform

Criminals using casino as advantage to commit crimes I think this is something that have been their even long time ago. Casinos they know the reason why they require kyc from gamblers, atleast it will help their best in reducing Criminal activities and to get the details of customers that they are dealing with.

Kyc is important for gamblers so that if casino company gets to know anything phishing from their customers it can be use against them. If their are no kyc and gamblers sees the casino as what they can use for crime, and if the government finds out it can be a serious problem for the casino that will even affect the company from operating. From the story of OP, if not for kyc getting the murderer won't have be possible.

That's right, you just need to understand it, although it has its disadvantages, but the good is also in it, some people are worried about their identity is true, but here we just need to get a casino that is really safe, that incident is very despicable to lose a life, and I hope the victim's family gets the justice they deserve.

it's not on the user but on the casino itself, the state gets taxes from the casino not chasing players who have a lot of money in gambling.

KYC is good till when a platform keep them encrypted. but if any platform show someone document for any normal issue then this will not make us happy. in this story the gambling site done a good job. because he was a big criminal. Demanding ransom was not a big crime, but killing the girl was a big crime. so I support releasing his kyc data. But every site should be alerted so that no one can cheat someone's documents. but this story really hurt us a lot. taking someone's life like this is a heinous crime

KYC is important in fishing out those that are abusing a set down protocol of a gambling platform, some may not be happy about the way of how all this is being run because they wanted to be free of having their information's on a central server, in case of being track or leaking some vital information out in their absence, but this same KYC could be the means of getting one secured from being attacked from criminals as said.

It's rare to see such a stupid criminal but it's good that he casino asked him to submit KYC, he submitted and then got arrested. I think that the mother of that girl would call to casino and police at the same time and ask them to demand KYC from the criminal, which is a very smart move but it's sad that tragedy already happened.

By the way, exactly the same negative thing can someone experience with that KYC. I think that majority of us don't have a problem with KYC, we have a problem with the fact that companies do not take care of our privacy and there are data leaks here and there. I have read many news where someone's KYC data got leaked and someone took a loan on their name, threw them into a huge debt. There are also many cases when KYC leaked and the person was arrested because some scammers used their identity in certain cases and ruin person's life. Someone might be dead with this issue too. The problem is not a KYC, the problem is the lack of proper data protection.

Ever heard of the phrase, “ain’t nothing hidden under the sun”? To what extent do you think this is true? I’ll still repeat it again, it’s impossible to cover every trails of a crime, so if the perpetrators of a crime isn’t caught or apprehended and convicted, then it means either the detectives are not professionals in their job or they decide to conceal the crime, we’ve seen multiple occasions that powerful people commits a crime and due to their power and affluence, the crimes are concealed by the very people who are supposed to bring the perpetrators to book, or they simply don’t have the resources to higher professionals in the field to help unravel the crime, this is the only ways perpetrators can escape, else no matter how long it takes, there’ll always be a leak that’ll bring the case back to life and bring the criminals to book.

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.

Hmm, it's all down to the tax revenue and money launderers won't be really using digital footprints in my opinion they have better ways to do it and more easier too cause there's organized sector for all over the world to do such tasks and this AML regulations will just make the inconvenience to the regular users who just wanted to Kill some time and even when they regulated casinos they won't be going after every tax evaders only for the big amount.