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Re: Fortunejack turning into KYC hell!
by
Don Pedro Dinero
on 04/09/2022, 04:06:54 UTC
I find this debate interesting not so much for the specific case of notblox1, which I regret that he is in this situation, but for the general discussion about the implementation of KYC in casinos and when it should be required.

<...>and believe that crypto should be kept anonymous as much as possible.

I think so too, but isn't there a contrary trend in casinos? As far as I remember when I registered on the forum in 2017 KYC was not that common. If it is being implemented more and more by casinos I understand that it is a trend that is going to continue and is in line with AML control and laws around the world.

We feel that asking for KYC is a fully acceptable practice, but we’d like for it to be done differently and during initial registration or not at all.

I also understand that this should be the case.

You guys are off your rockers if you think they should enforce KYC on registration. You both know as well as I that it's simply not possible and will likely never happen.

To me this seems like an emotional response. The only reason I think you're saying that is because it would fuck up business. A lot of people who deposit and gamble (losing money in most cases), if they were made to pass a KYC before depositing, wouldn't do it.
 
That it will probably never happen, well, never say never.

Notblox1 is not the only case. We have seen a few in this section, or I would say it is more common in the Scam Accusations section. Sometimes they are cheaters who use that excuse but this of not asking for KYC if people deposit and lose the money and asking for it when they win above a certain amount seems to me at least ethically questionable.

If instead of having a tax haven licence, FJ had a licence from a European country, with the regulator supervising, it would not act in this way. Most likely scenario it would require KYC upon registration.