Post
Topic
Board Gambling
Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site
by
Beparanf
on 10/10/2022, 14:31:25 UTC
You need to get used to the fact that cryptocurrency will soon be fully regulated and licenses will be needed for everything, both for exchanges and nos.

I strongly don't agree with this very statement of yours, because thou cryptocurrency is partly regulated today by big exchanges and online casinos, but i doubt if it can be fully regulated in time soon, coupled with the decentralized nature of Bitcoin and its anonymous inventor "Satoshi" who up till today never seen before, because with the help of decentralized exchanges "e.g Bisq" and cold wallets which enable us to buy, sell and trade cryptocurrency, people can equally use this while bypassing regulated centralized medium

Cryptocurrency is becoming more centralized and KYC is already becoming a permanent practice. There are DeFi projects where there is no KYC, but centralized projects with KYC retain high popularity and a large number of users.

This is because centralized casino still offer the best benefits and tournaments rewards compared to decentralized casino. Also there is only few decentralized casino that popular at this point that’s why crypto gambler still choose centralized casino since decentralized casino is not yet booming. Soon crypto user will decentralized casino once KYC becomes mandatory on all centralize casino. So far there are still some casino that doesn't require KYC which is why decentralize is still not the preferred choice of gamblers.