Post
Topic
Board Gambling discussion
Re: Do you think casinos can stop demanding KYC?
by
mammusu
on 24/07/2024, 06:10:47 UTC

That's why casino doesn't want to removed KYC for their members because KYC can help casino to check their member's background so they will not worry with anything especially if there are an audit comes from the government.]

After the rampant money laundering carried out and account hacking by other parties, it has triggered casino platforms to implement KYC as a form of protection for their members. Maybe without KYC it will be easy to attract many people to join as members, but when problems occur it will only destroy the credibility of the gambling platform will be, usually gambling platforms that do have government permission to carry out their activities still have to comply with existing regulations including the application of KYC in register new accounts, in my opinion the application of kyc should remain a special requirement for gambling in order to avoid further risk is related to money laundering and audits from the government, apart from that, with KYC, gambling platforms can prevent gamblers under 18 years of age from registered as members, KyC does seem like a burden but it Is an important step to maintain security and also the integrity of the gambling platform from problems from the government that might occur.