Post
Topic
Board Gambling discussion
Re: Why Always KYC (Know Your Customer) Why NOT KYO(Know Your Owner)
by
creeps
on 27/05/2018, 13:48:37 UTC
Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??


Excellent! This is an excellent proposition. Why the end user would be worried always and why not the fake owners. Along with gambling, this is also needed in the ICO market as well. This process will actually bring back a lot of lost credibility back into the market. However, it is very hard to implement and we need a centralized agency who will carry on the validation for the common mass. But everything starts with an idea. Who knows, KYO may become a common practice in future.

In physical casinos usually they are being regulated by the government so you can know the owner there but since KYC is common in cryptomarket I really think we need the regulatory board to know more about the company and the owner of online gambling. Well, gambling is gambling even we know the owner and proves its credibility they will always be the real winner in the long run.