Post
Topic
Board Gambling
Re: Unpopular opinion about crypto gambling
by
Theones
on 22/10/2022, 21:50:05 UTC
<snip>
The only thing that makes this KYC processes stupid within crypto gambling platform is that most casinos are abusing it. It is also often that they ask KYC even though they do not have any license, there's a point but a lot are doing it just to take advantage of the KYC being imposed.

Well, we have the freedom to choose not to comply with the KYC requirement or evade the gambling platform that requires it totally. 

It also became stupid because the documents gathered using this Know Your Customer process can be used on identity theft and other illegal related schemes.

In a legit business, any user information is protected by data privacy law so any licensed establishment will secure the privacy of their client and won't easily give information or details without a request approved by the judiciary system.

I am not the op but my opinion is we should hate KYC as a bitcoin/crypto lover as the purpose of using bitcoin/crypto is to use it anonymously. But if we use to know your customer then there is no way to use the crypto/bitcoin anonymously. So, I personally dislike it. But you are right we have options too. It is something you do, or you have to do. I mean the maximum site will ask very KYC at any time. Only a few sites may not require to fill out KYC.

But the thing is holding and using cryptocurrency does not entitle us to any special privileges such as KYC exemption.  We are still a citizen of a country and must be obliged to government regulations.  If we do not want to provide KYC, we can just avoid the services that require KYC.

I m not sure if the op is against crypto or are they again KYC
But many casinos have the rule and they are particular about it.