Re: Information of Crypto Casinos License and KYC requirements

Quote from: ultraBTC on April 12, 2022, 11:03:12 AM

Quote from: Mahdirakib on April 10, 2022, 07:17:29 PM

So, a licensed casino with KYC requirement is better than a new, unlicensed and ‘no KYC' casino. If LTC Casino had the gambling license then there would have been an option to force them through the license provider to resolve the issue quickly.

Agree on that one.
Additionally, it also depends on the Master license (if we talk about Curacao licenses). For example, Curaçao Master License 8048/JAZ (Antillephone N.V) or Curaçao Master License 365/JAZ actually responds to player complaints. On the other hand, that can't be said for Master License 1668/JAZ.

There is a difference between licenses, and some of them wouldn't be much of a help for player complaints.

Curacao is a fairly well-known and widespread license, and it makes no sense to doubt its ability to regulate and somewhat control the gambling market.

However, I think that any kind of licensing is an insufficient guarantee for specific players. There are many nuances in these licenses that may not protect the player in a controversial situation. And it will be useless to argue. And even KYC won't help. It would only hurt if the player chose to remain anonymous.

So don't over-believe everything in our world full of lies. Sad