Post
Topic
Board Gambling
Re: No KYC vs KYC enabled casinos (Facts you need to know)
by
Webetcoins
on 24/09/2023, 14:44:03 UTC
If you are looking for a trustworthy and established casino/sportsbook that does not require KYC for players to register OR withdraw, then head to Moonbet.io

We launched in September 2021 and have great reviews on TrustPilot from players in the last two years. Yes, we operate a licensed casino but we use a web3 wallet connection via MetaMask or WalletConnect for a seamless player experience.

KYC is often a requirement from regulators to comply with anti-money laundering initiatives. We use a variety of other factors to combat AML, meaning that we can offer a web3 betting experience that is fair and trustworthy for players!
This is the first time I've heard about a licensed decentralized platform since most of the platforms that acquire a license are usually centralized because authorities would want you to comply with AML and KYC rules and for that, you need to collect KYC information from your players, but if you are not complying with that, the authorities will barely let you operate for very long, and I'm also confused about how the licensing firms can provide a license for a decentralized platform.

And talking about reviews, we don't really trust reviews given on TrustPilot since that is the most rigged review website there could be, anyone can create a bunch of accounts and either post positive or negative reviews about a website or service and that will eventually affect the overall trust rate of the site.