Quote from: virasog on July 20, 2024, 10:24:19 AM

Quote from: hopenotlate on July 20, 2024, 05:41:08 AM

Quote from: TheUltraElite on July 19, 2024, 06:55:14 PM

Read carefully, the need to KYC is currently only applicable to "new" investors, not existing investors, not players, only those who change their investment or newly invest.

So players can continue as they were playing.
-snip-

This new measure makes me wonder a bit; players can keep on playing anonymously, old investors can still stay in the dark but new ones ( or already existing that want to raise their stack) have to verify their identity : why so? Is there any new recent legislation that requires you to verify the source of your investors from a certain date onwards or what? Why investors and not also players?

In that case, i think sooner or later the same rules for KYC may apply for old investors and players too. I also don't think that why only new investors are under the radar ?
Perhaps, they may implement changes in steps otherwise it will being panic among the gamblers already active at bustabit.

This is exactly the same approach stake took when they updated their terms and conditions to announce that kyc had become mandatory on the site, they said that those who are registering new on the site will be required to passed kyc verification before they are even allowed to deposit and start playing on the site, while the old players who are yet to verify their account can continue to play normally like before, and can apply to get their account verified anytime they(the customer) deem it feet and convenient for him or her.

Personally, I think this approach is a strategy the casino employ to not try to make it look like they are pressurizing the already old players, its just a way to give the Old players time to prepare themselves well to get their account verified, while they can still freely play on the casino, forcefully asking every one to pass kyc verification will greatly affect the casino's income, as obviously, all gamblers will be paused from gambling, and only a few will try to pass the verification immediately so as to continue to play, the rest will take their time, and the casino may even lose alot of customers in the process.