Post
Topic
Board Gambling
Re: risk of kyc on crypto casinos ?
by
lalabotax
on 25/06/2022, 21:55:54 UTC
Age play a major role for casino to demand for KYC from a player, most of the regulatory compliance casinos must comply with the under-age gambling prohibition law that state that one must be above 🔞 to gamble. But aside from that money laundering is another factor that motivates casino sites to demand KYC. So if one is not ready to face all this kyc demand you have to limit yourself to playing only in casinos that do not demand identity verification.
This may be one of their season for asking LKYC in certain platfor,m especially in the gambling plpatform. We know how children are now easier access gambling platform and they have been usual with this term. Although we as parents must pay attention to our kids in accessing any platform, we cannot get it 24 hours. There is still a chance for kids to join inc certain ng ambling platforms. which is why KYC may be needed. Moreover, it also relates to the restriction of countries, the platform may not risk itself to accept users that come from restricted countries because this will really break the rules and TOS of the company.
However on the other hand, can they hold and save our data very safely? the answer will be not. this will be still risky to put our data on the platform. but once again we sometimes have no idea to do KYC if we want to gambling in certain platforms.
There is always pros and cons about this, weakness and strength