Quote from: dezoel on February 26, 2023, 08:01:50 PM

Quote from: ethereumhunter on February 26, 2023, 11:09:34 AM

Quote from: danadc on February 23, 2023, 10:40:09 PM

When I first started learning about cryptocurrencies, I was involved in a privacy and anonymity cryptocurrency project, at the time it had nothing to do with casinos, it was just a cryptocurrency but privacy and anonymity meant everything to that great community. The casinos that exist now, the thing is different because they should guarantee privacy and anonymity but it is not like that, I can only imagine the people of that time when they see the KYC requirements of the casinos, they simply will not play, and I understand them, that community It is the one that new casinos have to attract, but to bring them there must be no KYC.

Currently, some casinos must implement KYC for their members, especially those who frequently use large sums of money to gamble. This is to ensure that the user is not someone who gambles using money derived from illegal activities and the casino wants to know who the people are playing for big money. KYC has become necessary for many websites, including gambling and exchanges because the government has entered into the crypto circle and noticed large transactions on exchanges or in gambling. We don't know if the tax that the government will apply to everyone who uses crypto will increase because of the profit factor people get.

That is because a casino is different from a solo coin project. They can support different cryptos and then they can enforce different rules but a solo coin project can only have one vision and one of it is to push anonymity because this is something that a local currency doesn't have.

I think people who deal with huge amount of money are the ones that must be protected and not exposed because someone might threaten them. Also, not all who deals with a small amount of money are clean. You mentioned tax there, but tax might be another reason on why KYC are suddenly being introduced on the crypto space and the rates will depend per country as I heard some countries like India has a higher charging rate.

Maybe it is to find out the background of users who use big money to play gambling, including their job and where they live. If this is later reported to the local government, the local government can monitor them, especially if they win a lot of money. And if they often win big money, the local government will know and maybe eventually, it will have something to do with the taxes they must pay. We really don't know why the government asked many sites to implement KYC on their users, especially crypto users and we can only guess.

But I feel that with the development of crypto in many countries, which will also make a lot of people who are getting rich from crypto, the government should know who these people are. Moreover, the government is also getting tighter against these crypto users.