Post
Topic
Board Gambling
Re: FreeBitco.in is no longer a KYC free casino! (New terms)
by
Darker45
on 19/07/2023, 14:06:21 UTC
This is new to me, and by the looks of it is recent. We will have to see if freebitco.in continues to operate as before despite this new wording, and as TheQuin defends or we start to have complaints in the forum. Also if this is the beginning of a series of changes.

The fact is that there are still casinos that do not ask for KYC under any circumstances and freebitco.in is no longer one of them.

In fairness to TheQuin, indeed "under any circumstances" might simply be an exaggeration. They're hollow words. If worst comes to worst, they might not hold water.

Anyway, to TheQuin, since you're not pushed by any agency to include KYC in your ToS or required by Costa Rica to implement it, why did you include it anyway? Is it not possible to draft a new and more professional ToS without including KYC?

I think this is a result of a common misunderstanding here on the forum of what a KYC site is. A KYC site requires you to verify your identity either at signup or when you want to deposit, gamble or trade.

All sites are subject to the laws of wherever they are based. They would have to comply with any court order requiring them to identify a customer (eg. suspected money laundering, handling stolen funds etc.). That's the case for all sites without any mention of it in their ToS. Is it professional to omit it?

In summary, using the definition that we are now a KYC site means that a non-KYC site is willing to violate the laws they are subject to.

Thanks for pointing this out. This is correct. And this is normally missed by many of us.

However-- I'm not a legal expert, by the way-- the difference is that those gambling sites that clearly specified in their ToS that they reserve the right to demand KYC from users whenever they deem necessary can handily demand for it. On the other hand, those that claim to be non-KYC gambling sites can't do it just like that. Until and unless there's a court order or perhaps an official order coming from a relevant agency requiring a particular user to provide his/her personal details, the site can't just lock an account or freeze funds on a whim.