Post
Topic
Board Gambling
Re: Casinos not asking for KYC to register and play, but do require it to withdraw
by
Synchronice
on 27/12/2023, 11:17:07 UTC
Why people are confused that there are no KYC when they register at casino? Why would casino ask for KYC from the start, if you havent done anything yet? This seems illogical to me. People are confused when they asked to pass KYC during withdrawal, but not before every withdrawal they ask for that. If you are in a little profit, imo casinos wont bother asking. But if you turn dollar into a million, then ask for KYC to get some extra time for checking. This looks normal for me.
They ask for KYC because they operate under license and regulations force them to ask for KYC documents because if anything happens, like money laundering, it will become their problem. It's also true to say that many casinos ask for KYC documents when user wins lots of money. They can legally do that, so, some of them play bad games when you win a lot but what can be done to prevent that? Over time more of them will officially be demanded to ask KYC documents to every registered customers. But on another hand, new casinos with Costa Rica license manage to offer their service without KYC. It seems interesting to see how long will this continue and whether well-established crypto casinos change their license or not.