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... , but how do you go about fighting the titans?
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Of course, fighting a titan is very difficult and may even seem impossible.
However, let’s imagine that information has spread among cryptocurrency lovers that, for example, such a KYC option as sending a photo of a person with a document in hand is not an acceptable identification option. And no one will send such personal information to the casino. If this becomes widespread enough, then the casino itself, seeing that clients have begun to massively refuse to provide such data, will be forced to look for other methods of personal identification.
And this, for example, may be only the first step in the overall struggle to restore anonymity in gambling in casinos with cryptocurrency. But this is of course just an example. However, it is possible to begin implementing such programs to fight for privacy rights.
Well I have a type of experience in these things, but not in an exchange, in the casino, a long time ago I was going to make a withdrawal, but it turns out that it was more than 10mBTC and when I was going to do it on Binance they sent them what I had to do a temporary kyc, and I was surprised, the question was to verify my face through a video of about 3 or 5 seconds, and that was something that they could determine if I was the Owner of the Account , I don't know if this It's good or bad, but based on the fact that I had Already left my KYC documents and then they verified my face with my documents because things were Going to look good for them , then when I had to do it, well then they did allow the withdrawal, but I It seemed Absurd, I think that with the security that Binance had with the email, and the 2FA factor was Sufficient , these things are what I say that are Sometimes Incoherent.
I don't know if this can Apply to casinos, because it is something that we can see as normal, but to be honest these things are unnecessary, with their excuse of having more security what they do is obtain more data from us, this time with a video , it means that the anonymity, the privacy in the exchanges is already like a normal bank, I don't Even want to imagine what they do in a broker, it must be like this or more Demanding , but the casino could do something like that, What you say is very true, anyone can be with their ID in hand, with a photo and that's it, anyone can do it, this will bring many problems in the future, of that I am sure.
The fact of the matter is that this will bring a lot of problems in the future.
Imagine that now many cryptocurrency owners who gamble at crypto casinos thoughtlessly send their personal data to these very casinos, including video images of their faces, perhaps even receipts for utility bills, and maybe even fragments of voice recordings. As ax result, after some time, part of the casino, or, for example, a crypto exchange, which has the same KYC requirements, will go bankrupt. And what will happen to personal data databases. But they will all just be stoleln and eventually appear in the public domain on the Internet. This in turn will create a powerful wave of fraud using these stolen personal data. I think governments are grossly negligent in this regulation.
Governments and officials simply do not think about such developments. More precisely, of course, they know where this will all lead, but they don’t care. This will be done by the next generations of officials and law enforcement agencies. In short, you don’t need to send your personal information anywhere if you own cryptocurrency.
This is the most correct solution to the KYC issue.