Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site

Whenever we start operating in a casino, we can get excited and make many transactions, but when we are in a country that they call prohibited it is somewhat more difficult, if a person operates with a casino and makes a profit and when he wins he wants to make a withdrawal sometimes they are usually asked to pass a KYC to complete everything, but that is where the problem comes, because if the person does not want to give the KYC then everything will be in dispute, and this usually happens when the terms and conditions are not read or how is, and if that player had read that, I'm sure he would have stuck to everything that came to him with KYC.

I think Cloudbet are licensed anyway, you can see it at the bottom of their homepage. I think they're licensed in Curacao? This probably means that they need to follow the requirements of the regulator which means including KYC in their process.

@cryptoexchanger.org their license date is showing 9.9.2022 so does that mean it’s been renewed yesterday?, or it just shows the date of each day?. Furthermore KYC is the harsh reality that crypto currency gamblers need to accept, because there’s no getting past it and if one yet doesn’t feel comfortable then a simple option is to cash out their coins in fiat and wager in land based casinos.

That's right, almost all casinos already require KYC and this is something that will continue to be required, and the terms and conditions that will be made will be to see how authentic the person is and if they did not commit fraud with their documents or something, I think that is one of the reasons why KYC is required when a withdrawal will be made, which I find sometimes a bit annoying, but when looking at it from a point of view focused on player security, it is good, because If you enter your account, they hack it and make withdrawals only with the input data, it is something that can happen, it has happened to me that one day they did it because they did not have a 2FA security layer.

Quote from: inery_blockchain on September 21, 2022, 08:01:55 AM

Quote from: erep on September 17, 2022, 05:49:05 PM

Quote from: Solosanz on September 17, 2022, 02:44:38 PM

And you're forgetting licensed casinos are combating against money laundering, they wouldn't give easy for any gamblers that using Monero to gamble on their casino. I think any gamblers that using Monero will be asked to submit KYC regardless how much the amount. This will help them to track about the account activity and which address the gamblers will send their coins to.

Quote from: https://www.cloudbet.com/en/help/terms

7.3.1. We accept BTC, ADA, ALGO, AVAX, BCH, BNB, BUSD, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, FTM, stETH, LINK, LTC, LUNC, MATIC, PAXG, SHIB, SOL, TRON, UNI, USDC, USDP, USDT, USTC, XLM, XRP, ZCASH and fiat deposits (depending on your jurisdiction).

I am quoting the TOS for deposits which are only accepted for some crypto and fiat coins, there is no option for Monero (XMR) so no support for deposits and withdrawals. I don't know if monero has been removed due to regulations regarding AML, because AML aims to make it easier to track suspicious deposits or withdrawals so that users have to complete KYC, also minimize cases of money laundering using transaction traffic on the casino platform to eliminate traces of tracking.

Now many licensed exchanges have refused to work with Monero because transactions in Monero are anonymous and it is impossible to trace the origin of funds. Probably the ban on working with Monero also applies to licensed casinos.

That is why the casino that manages to work with Mmonero in its ranks will be the King and AMO, where most players will always want to play, for me this is an indication that the casino that is somewhat irreverent and that manages to sneak in with This option will be the casino with the most traffic worldwide, without a doubt it will have the power of everything.

I think that for now no casino is going to implement it, but I imagine that they have made several proposals, because it is something that would really make a difference with respect to the others, it is like standing out and being the leader of all, I think that competing with a casino So, it's a very difficult thing.