One fairly common complain among gamblers is they are allowed to make a deposit at casinos and lose their money without any issue, but if they happen to win and they want to make a withdrawal then they are hit with a KYC request almost immediately, Tonybet a fiat Estonian casino was fined more than 400,000 pounds for this practice and it seems the regulators are now interested in making reforms to the laws and force casinos to also make checks on those gamblers which have lost a lot of money.
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? Would you like to see casinos to be fined more often for the practice of only asking for personal information from winning gamblers or do you think this will have a harmful effect on their finances?
Source:
https://www.theguardian.com/society/2023/jan/18/tonybet-fined-regulator-online-betting-id-checks-termsAny casino that choose the wrong approach rather what they ought to do, they need to be fined so that others can learn too from such wrong practice. We used to see such kind of development in many casinos that don't want to pay users there funds looking for other ways to restrict them from getting paid like verifying there age limit to know when they are underage or fit to bet.
The problem most time is that those casinos do not always ask you for KYC when you are signing up but they will want to ask you once they find out that you had huge winning which is a bad ethics.