Post
Topic
Board Gambling discussion
Re: Can we still truly achieve anonymous gambling in crypto?
by
Zigabel
on 25/03/2024, 15:47:17 UTC
Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?
The anonymity in the crypto casinos basically remains in the cryptocurrency transactions at this point but the customer or gamble isn't anonymous again to.the casino and that's actually how the casinos operates in recent times, basically I think because of the regulations from the regions where most of these casinos are situated they have to implement KYC on their customers because if they don't, probably they may end up not been permited or licensed to function actively in such an area or jurisdiction hence they have to effect KYC and at the same time make sure their customers are verified aswell.

Some persons could use the casino for laundry of funds and other crimes and all these will be leveled at the casino thats why they literally make sure they do KYC so thsy don't have issues identifying those who use the casino for illicit activities and they make sure you wager funds deposited into ur wallet before enabling withdrawal.