Post
Topic
Board Gambling
Re: Are there any bitcoin Sportsbook without KYC procedure?
by
buwaytress
on 12/06/2018, 13:48:12 UTC
What is the main issue with KYC ? Why is it so bad and frowned upon by people ? Can't it prevent misbehavior by users and be a positive thing in some of the cases ?

We're talking about Bitcoin sportsbooks here. Promoting the use of Bitcoin and then requiring KYC are ideologically at odds with each other. There are other ways of preventing fraud without compromising personal data and privacy.

Dig deeper and you understand that a lot of the frustration with KYC actually stems from those that request KYC only when customers want withdrawals. In most cases, the requirement is not apparent, not imposed at deposits, and in fact not rightly theirs to ask, when they're not actually regulated.