Post
Topic
Board Gambling
Re: The Rise of Crypto Gambling: What You Need to Know
by
Weawant
on 24/07/2023, 18:27:01 UTC
With regulations on the rise, privacy and anonymity are totally out of the question since no casino that is centralized is allowed to operate without a license and when they acquire a license, they are compelled to comply with the AML and KYC rules which is why they impose a lot of restrictions and verifications on their users even if the users don't like them, they have to complete them, otherwise, they won't be able to access some of the main features of the platform such as withdrawals.

I think this is an attack on cryptocurency related casino because I don't see them requesting the traditional casinos to verify gamblers KYC before they can play. The government are doing this intentionally to discourage people from using cryptocurency related casinos.

The government knows that many gamblers now prefer cryptocurency casino since they're fast for depositing and processing withdrawal and there's no network issues for the crypto gambling casinos. These regulations are targetted at taking privacy away from crypto casino.

Crypto related casino has come a long way, they're among the best casino  and in the market and has lots of gamblers using their casino. They're bringing in more people into the cryptocurency industry as gamblers get to know about cryptocurency and do their research to invest.