Post
Topic
Board Gambling
Re: is KYC data on Gambling sites safe?
by
GiftedMAN
on 20/06/2023, 22:44:43 UTC
Actually, KYC is typically associated with fiat casinos, which is one of the reasons why crypto casinos became popular in the first place. They offered the appeal of anonymous gambling without the need for KYC. However, with the introduction of regulations, crypto casinos that are now regulated are required to implement KYC procedures for their clients. As enthusiasts of crypto casinos, we have to adapt to this new system since falling in love with crypto casinos means accepting the changes brought about by regulation.
You spoke my mind. So many people tend to forget the fact that KYC is what primarily separates FIAT and Crypto gamblers sites. Gamblers supporting KYC due to regulations etc need to understand that they are a part of the minority.

The majority hate KYC and try to avoid it as much as possible since privacy is a big deal these days.
For every crypto casinos, KYC should be avoided since it is what separated fiat casinos from cryptocurrency casinos just like you have started. Gamblers that are so free to drop there information in casino for them to be exploited are doing that because of ignorance. So many of the casinos that do claim that they are Bitcoin casinos and still ask for KYC from there customers are missing the information in a big way that Satoshi Nakamoto dropped in the whitepaper.

 Cryptocurrency is meant to be decentralized and should not be after the identities of gamblers who use there casinos. Big gamblers that know the effect KYC could pose in there privacy status will never agreed to use KYC casinos.