Post
Topic
Board Gambling discussion
Re: UK fines online casino for only asking KYC from winning gamblers
by
Yogee
on 24/01/2023, 01:08:39 UTC
....If those new regulations are passed they will affect not only fiat casinos but cryptocurrency casinos will have to eventually follow them as well, do you agree with this idea?
The new regulation will affect casinos that operates in UK only right? The gambling regulators there are quite strict but I don't know about those from Curacao or other jurisdictions. I mean they can copy those same rules by UK's Gambling Commission but how about its implementation?

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Would you like to see casinos to be fined more often for the practice of only asking for personal information from winning gamblers
I don't like it. I'd rather see casinos fined for unjustly seizing or holding funds.

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or do you think this will have a harmful effect on their finances?
Definitely. A decrease in customers is also a possibility if they implement KYC upon deposit.