Post
Topic
Board Gambling
Re: Duelbits.com | Casino & Sportsbook | VIP | Instant withdrawals!|ARGENTINA & AVFC
by
MinMan
on 12/03/2023, 17:18:33 UTC
If I am not mistaken and I could be wrong, you didn't need to pass KYC on Binance to make use of it (years ago) but since then everything has changed. I know this topic has been discussed already a lot, but more and more casinos are requiring KYC so probably Duelbits is checking this daily.
Binance is a crypto exchange platform so it's only natural that they implement KYC requirements for their users because after all Binance doesn't want any money laundering actions to occur on their exchange platform which could involve the name of binance in such cases.
It's the same with crypto casinos that have KYC provisions for the sake of avoiding problems that can be burdensome and destroy their casino business.
Up to this point we must always be able to respond wisely regarding the existence of KYC requirements in the gambling industry.
Yes and duelbits will always check that because it is included in their interests and priorities for the casino business which they have been running for quite a long time.
It's a "crypto" exchange but cryptos are supposed to be free from those regulations so I wouldn't say that it's natural but what can we do? Nothing, as it's already becoming a thing and some people just accept this new change as long as they can still continue using their favorite exchange or gambling site. @babygun no you are not wrong.

KYC was not a thing a long time ago but unfortunately, things have changed now though I guess small time users can still transact with smaller amounts. As long as they don't exceed on the limit given to them by the exchange, they won't be asked to do a KYC. I hope this rule can also be applied on the gambling sites.