Post
Topic
Board Gambling
Re: Information of Crypto Casinos License and KYC requirements
by
Blitzboy
on 29/06/2023, 16:12:19 UTC
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Normally, casinos will always take people's opinions into consideration, but it is obvious that for a player to get a centralized, reliable casino without KYC, I think it is not possible, because the hard mechanism of KYC will always be present in them, Only here the platform that I know is very good without KYC is freebitco.in, otherwise I think that all casinos have the KYC requirement, sometimes the KYC requirement for a casino is mandatory, because governments force that if there is not KYC there are no licenses and there are no permits and they are closed, and lose a business model, because I think that the casino prefers to lose some clients than its business.

I don't know if in the future things regarding KYC and the casino will change, but they should, anonymity and privacy for some players is everything.

KYC protocols in digital casinos present a double-sided issue. There are players cherishing privacy, and then regulatory authorities insist on KYC to curb fraud. Balancing privacy with regulation is tricky. Yet, some online casinos, like freebitco.in, navigate this tightrope, offering services sans KYC. But they're rare in a landscape favoring security over secrecy.

Ideally, tech could provide a win-win solution, ensuring both anonymity and safety. Blockchain could be a way to verify identity without personal data exposure. But achieving this requires the gaming sector and regulators to innovate and collaborate effectively.