Post
Topic
Board Gambling
Re: Why they need a license if bitcon is not money?
by
bitterguy28
on 03/04/2024, 11:24:01 UTC

Yeah! Casinos without KYCs for government to have part in the running  are always main target for sanction as they would tag all their activities  to be an illegal  one NMW and there's  no way they can just themselves
Governments are just concerned with the both the gamblers  and the casinos itself .
The majority of the casinos without licences only run for a few months or years but doesn't have the capacity to run the operation for a long time since at anytime the government get through to them it will definitely become the end of their operations.

So for contemporary casinos that have long term in views it will be very necessary to get the license needed to operate as legal company and at that will implement KYC to comply with government demands.

The gambling without license could have been the best because most of them would have been non KYC gambling casinos and they won't require KYC informations from us as well as seing them not regulated by the government

we all hates KYC specially when dealing in new casinos but when it comes to our trusted one then we should not feel bad at all because we can generate trust in them that our KYC will be safe.


Quote

since they are not having any license to back that up,  but can we have the required trust in some of these sites, how reliable could they be in such a way that you will not see them taking their users fund away at anytime when they cease operations.

even those licensed casino , all we need is trust because we are entrusting our details to them.