Re: Why do you want to play on casinos without KYC requirements?
I was thinking about this question over the weekend and I cannot seem to find legitimate reasons why people would want to play at casinos that do not require KYC verification.
1. KYC requirements reduce money laundering.
2. KYC requirements reduce under age gambling.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
4. KYC requirement reduce scamming
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
6. KYC requirements adhere to government regulations and legitimize a casino.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
8. KYC requirements can be used to enforce regional gambling restrictions.
Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?
Ps. I am playing Devil's advocate... if you did not notice it.
1. KYC requirements reduce money laundering.
2. KYC requirements reduce under age gambling.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
4. KYC requirement reduce scamming
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
6. KYC requirements adhere to government regulations and legitimize a casino.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
8. KYC requirements can be used to enforce regional gambling restrictions.
Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?
Ps. I am playing Devil's advocate... if you did not notice it.
1. It's what we've been told but can we trust them? Whatever is written can be clean up by the makers, when the power belongs to centralized government anything is possible.
2. Under age gamblers still exists, it doesn't take too much to grab their papa or mama drivers license to pass any KYC verification and viola, they will start gambling in no time.
3. You are right, but it still doesn't make a lot of sense, if I am criminal, why would I choose to use a casino to make illegal transaction when I am not the owner of the casino? If you are looking for criminals disguising themselves as casino business runners it's always from the inside, probably the owners.
4. KYC can't reduce scamming, who is a customer going to scam on a casino? The house? That's not possible, the only reason why casinos ask for KYC is when the customers win a large amount and they want to withdraw it all or when the customer breaks the rules of the casino.
5. If KYC is already passed on a casino why the need for an hacker to hack such account? If they find their way into the account and they see that the owner already pass KYC they will take advantage of the account in little time and abandon it, so the real owner is free to take it back.
6. Yes it's necessary and I am not against it, the truth is the regulation is to safe people from getting rough handled by the casinos, that's why I don't like using a casino that's not regulated, if a regulated casino do something bad to their customers they can face charges by the law.
7. You are wrong, KYC verification has nothing to do with your gambling addiction, it's either your family and friend helps you or you get a therapy, seek for help somewhere else.
8. KYC verification can be used to enforce regional gambling restrictions, I think this is possible but limited to certain country and that's on the casino to reject every KYC from such region.