Re: Casinos not asking for KYC to register and play, but do require it to withdraw

- I just noticed that in other casinos here in the crypto gambling business, there are actually some gambling platforms that, when they see that the winning gambler will withdraw a large amount from their platform, they don't just immediately allow it to be withdrawn; that's how they play on their platform.

That's right.

Because they have to follow it up for a KYC and they're very strict with that. Even the gambler have won it through their casino, they'd still doubt that player even they've got the records.

One reason that they might say about asking for its compliance is about money laundering. Yeah, you've won a large amount but because you want to withdraw it and take that money, they will doubt you that you'd used fund from money laundering.

Money laundering mostly stops by wagering requirements. Casino KYC you if they have doubts in your honesty. Unfortunately, such doubts they have if you begin to win. And they have no any doubts when you deposit money.
On one hand - there is nothing to be afraid in KYC. On the other hand - today KYC is used mostly against gamblers, not for its real purpose.

That's why KYC and wagering requirements has been required to fight those money laundering activities made up by criminal. And since this is been implemented on casinos, I guess lots of frauds now is not thinking about using those online casino which have this requirements since aside that they might get tracked by authorities. They might also got compromised especially if they deal certain huge amount to those casinos.

There's nothing to be afraid of KYC if you are a simple person just want to have fun on casinos since for sure there's nothing will happen to us. Only those criminals or other which have bad intentions are avoiding it since they don't want to get caught for what illegal activities they are doing.