Post
Topic
Board Gambling
Re: risk of kyc on crypto casinos ?
by
Cookdata
on 28/06/2022, 13:36:44 UTC

Not all the times if they  do ask out for some verification do pertains about verifying about the age of a certain big winner which some of them are just trying to get hold and trying not to give out such win which is

 That's right,
 so if it is about age they let so childs under the age of majority put money by playing until they win ??
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.


As much as I do see this Anti-money laundering fighting and underage restriction, I feel it is just a measure for those who are not too exposed to the internet because KYC can be manipulated, People buy these documents online to do whatever they need to do online. We have also seen where the platform shifted from its purpose and been used for money laundering instead of users themselves and in return, they get a share from the people they offered such services, they wouldn't say it out to the public but codedly happens inside.