Quote from: dimonstration on March 13, 2023, 11:47:28 AM

Quote from: worle1bm on March 13, 2023, 08:12:14 AM

But do you trust exchange with your funds? I don't think we should hand our funds to any exchange if we have in mind not trading but for KYC also being a small gambler don't ask for too much documents and you can easily verify yourself to withdraw the funds but for big withdrawal it's problem as level of KYC goes up.

Correct. Exchange and Gambling has same policy in regards with AML law. They have minimum threshold to require account to do KYC but due to the recent development. Even exchange already requires mandatory KYC to its user same with some casino. I think the era for a no KYC casino is close for being over since business is following regulators requirements and this is vital for a business to survive for both exchange and casino.

I think only few exchange has a no KYC requirements for small trader but the rest already requires it mandatory to all user like Binance. We are still lucky that its not yet implemented on casino industry like Duelbits.

This is just part of the changes that we need to accept, I would like for KYC to not be a problem and we were allowed to gamble as much as we want with no issue, but casinos and exchanges are being pressured by the authorities to be more strict on their KYC requests and there is nothing they can do other than to comply.

So on the future it is quite likely that only the gamblers which use a very small wager will be able to gamble without going through a KYC procedure.