I've been seeing a lot of casinos nowadays, even the most obscure ones and more importantly some that are tagged as scam in this forum or somewhere else be able to get their seals of approval from Curacao (like the notorious 1xb_t which received quite the backlash in this forum) and other license providers in the industry, and to that my question is, is it even worth it to grab licenses from these figures at this point? If it is, why? And what are their processes of granting licenses like, if it's okay for you to tell us.
Asking cause to me it feels like the value of licenses at this point has become so low that it's way more economical and smart for a rising casino to just establish reputation by word of mouth than get themselves licensed by Curacao or whatever. And how long do you think it would take for this leniency to actually affect the general public's perception of gambling licenses and in turn casinos who get themselves licensed by these providers?
Thanks if you're able to answer this, thank you anyway if you couldn't as I saw you being very smart and eager to answer the people's questions here which I truly appreciate.
I haven't been around that much the past few months, but why is no one writing the full name of the casino? Was it banned mentioning them? You're the third person that doesn't write it's full name.
Anyhow, to answer your question.
Yes, it's still worth getting a Curacao license if you're planning to operate with crypto. However, I would need to sit down and write a 3000 words article for you to explain the process and which steps to take to get licensed, so for now I think it's better if you just google the term and research it yourself. But the consensus is, if you want to operate a crypto casino, Curacao is (for now) the only way to go if you want to have a reputable operation.
Yes, there are issues that the department is going through, but there's a huge re haul of the licensing agreement going into place right now, so the Curacao licensing scheme will change for the better in the upcoming months. However, improving from one side means more regulation from the other. If you want less scams, it means more KYC's and limits. But then again, I think that it's better to have some type of a license than no license at all.
The challenge with this forum is that everyone wants a no-kyc casino, and in most cases the no-kyc casinos have questionable practices, and then you as the player get scammed.
Personally, if I would like to gamble with Fiat, I would go for an MGA licensed casino, and with Crypto I would go with a reputable Curacao operation like Stake. In both cases I would fully verify and look at it as a long term past time instead of a short-term quick-rich scheme, because it just isn't.