When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.
I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.
.You are absolutely correct bud, this is one of the reasons why I don't give much attention to peeps who complain about casinos requesting kyc verification, though most of this peeps won't tell you they are trying to evade tax by not passing kyc, but when we deeply look into their reasons for not wanting to submit their documents for verification, it's easy to discover that tax evasion is one of them.
Tax evasion? Maybe. But I still believe that majority of people don't like KYC/AML in crypto casinos because they simply don't trust them with their personal data and they worry about their privacy in the first place. Hardly anyone likes to give information about him/herself to online services. And even less people trust their data is safe with an online casino an exchange. And there's nothing wrong with that. We all want our privacy to be protected. From a legal standpoint, KYC/AML laws are supposed to be beneficial for customers and businesses. But as we have seen in the cryptocurrency world the question of privacy tends to be quite divisive. Some people say that KYC is essential for preventing fraud and crime in the space, while others believe that it only serves to discourage businesses and drive out the legitimate users.
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True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.
I definitely agree. When we talk about reputable companies, I think that they constantly update their security systems and make them more secure. They do this because when people have faith in your brand, they're more likely to trust you with their personal data. The more secure your systems are, the less likely it is for someone to hack them and steal information. As you pointed out, being a user of multiple casinos is risky because each one has a different level of security and the risk of leaking your data is significantly higher when you transact with multiple operators.