Post
Topic
Board Gambling
Re: JungleCasino.io | Fully decentralized Smart Casino | Low House Edge 1% | No KYC
by
Coin_trader
on 01/11/2023, 09:25:57 UTC
Agree with the post from Slow death, from what I knew all of the licensed online casino operators are require to conduct a KYC to prevent underage gambling , local AML regulations, online fraud, etc.

Maybe it will be better to write that the site only require a KYC when necessary and legit user doesnt need to worry about it.
The statement will bring pros and cons, however that is better than write No KYC at all while the terms said the otherwise.
But what does when necessary mean? I think it's better if they will be specific like saying KYC will be required for those who commit cheating. The doubts of the legit users are then going to be completely removed if they do this. They should only keep in mind that there are still legit users who value their privacy a lot, or thinking KYC is only a hassle thing to do, so they can still skip a casino like this.

Indeed, they shouldn't follow the footsteps of those casino who lied, telling their platform are KYC free, in hopes of attracting more users. Maybe they can get a player but once they found out the truth, they can still lose those immediately and worse is they will be reported.

I hope you guys understand well that this casino is a decentralized casino which means all games is run through smart contracts. You don’t even need to create account to register but just connect your and you can play already. I’m not sure how KYC will be imposed on this kind of game since there’s no registered account involved.

This casino doesn’t have license which means they have no obligation to comply with AML policy to conduct KYC since they are not allowed to do it or else they are committing unregulated KYC. Decentralized casino doesn’t require KYC but it needs a lot of trust to the owner since you didn’t know exactly where to address your concerns if ever there’s problem on this casino since they have no legal tracks. Pros and cons tho.