Post
Topic
Board Gambling discussion
Re: Gambling and KYC
by
tokeweed
on 17/03/2020, 13:36:26 UTC
I'm a bit curious here. Why is it easier (compared to exchanges, payment processors, etc.) to run a gambling site without being forced to implement KYC/AML?

I even remember FaucetHub (A service that allowed you to create your own faucet) shutting down some time ago because they were being pressured into implementing KYC just because they were "storing" funds for users, even though, most of the payments that the users were receiving were "dust payments". So again, how is this any different from gambling sites?


It's prolly cos the exchanges are where the rubber meets the road.  Control that...  And you control the entire space.  Gambling sites don't convert cryptocurrencies to fiat currencies.