Quote from: satscraper on Today at 06:01:51 AM

Quote from: goldkingcoiner on July 17, 2024, 09:23:50 PM

I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.

Hm, the wide-eyed faith in the power of decentralized casinos to control government. if anything it is just the opposite, governments will find the ways to control them unless their activity will be completely underground one , facilitated by, let's say, TOR network, which, in most cases, is unacceptable for ordinary gamblers.

Regrettably KYC in casinos will be for a long haul , maybe even forever.

Yes KYC will always be there in the future especially with the current conditions where gambling is advancing and the blockchain industry is advancing, surely the government's mindset will say that they need something that might be able to minimize money laundering, because in fact that is the basic reason for them to impose KYC on gambling, I can't imagine what the strength of decentralized casinos is if any strong and lasting.

KYC will probably have a long enough life and be even more widespread.

Quote from: Julien_Olynpic on Today at 06:22:59 AM

As casinos move to increasingly decentralized principles of operation, KYC will gradually disappear. And I have no doubt that the principles of decentralization will inevitably be applied in every casino over time. Over time, only casinos without KYC will be able to survive. But this is a fiat issue. Where there is fiat, there will always be KYC. Therefore, in my opinion, all casinos should gradually adopt the rules for working with cryptocurrency. In addition, sometimes the KYC plays a discriminatory role in relation to the user. In other words, some casinos require the user to go through a registration test in order not to pay him the winnings. This is a harsh reality in many countries.

That may be a good spirit and I also like casinos that do not verify my personal data, of course the decentralized casino will be the hunt for gamblers who like privacy, yes that could be one element why KYC is enforced, but I don't think the government will let the decentralized casino run smoothly, it will definitely be criticized by any party, unless it is the government's own output that creates it, who knows about that right.