Post
Topic
Board Gambling discussion
Re: Can we still truly achieve anonymous gambling in crypto?
by
qwertyup23
on 27/03/2024, 16:19:17 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?

There is still that difference but remember that KYC was enabled in order to follow the regulations of some countries that have specific laws for it.

Remember, a fiat casino requires personal appearance at a physical casino. Not to mention, there are strict regulations when it comes to registering your profile as most of the latter lean towards the implementation of KYC. On the other hand, there are still some crypto casinos that offer no KYC but expect that their security/reputation may not be as secured compared to others.

If a gambling casino implements KYC, it is also expected that they have the responsibility to safeguard your information. Sure, anonymity in cryptocurrency may be defeated but this is the only way to consolidate with some laws implemented against casinos in the first place.