Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site

Yes, it's true and there are some casinos that don't provide KYC requirements for their casino site users so gamblers who don't like KYC setup can play or bet at the casino.
If you say that KYC is not for security, but what actually happens is that KYC is made for security. As an example of what you have said, KYC is made to verify whether gamblers are in money laundering cases or citizens who are prohibited from using the site, then can't you take the main point, which is security for the casino so that no user is in a money laundering case, because if that happens then the casino site will also be in trouble in that case and be dragged into a case where the casino is a place of storage or duplicating money by the accused in money laundering cases.
So KYC also plays an important role for the security of a casino site.

Now the regulation is being tightened and the passing of KYC is mandatory in almost all exchanges, even decentralized and casinos. If a person has honestly passed KYC, then he will not cheat and will play honestly. Another thing is that the casino must ensure that all KYC players pass honestly, and do not buy accounts with passed KYC.

I'm just a little surprised why so many people complain too much about predetermined rules such as KYC. even though KYC is one of the rules that must be obeyed.
because nowadays almost all licensed casinos enter into agreements with licensing companies to do KYC every time something happens related to the platform.

Cryptocurrency regulation is being tightened and soon KYC will need to take place on all platforms, even where there is no KYC now. Therefore, it makes no sense to complain about KYC, because these are the requirements of the regulator. I understand that everyone in the casino wants to be anonymous, but regulators do not want this, they want to know who earns money and how much, so that they can collect taxes from this person.