Post
Topic
Board Gambling discussion
Re: Do you think casinos can stop demanding KYC?
by
ethereumhunter
on 25/07/2024, 05:14:40 UTC
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.
Casino must protect their members so that can gives satisfaction to their members and will not have to worry with the security of the casino. People seems know that the situation is different than few years ago so they accept the rules that saying they needs to do KYC when they register the casino. KYC can be solution to prevents the money laundering and other illegal things and even for people under 18 years so those people can't playing gambling on that casino.

Gamblers who playing gambling at the casino realizes that KYC now is a must to prevents any illegal things that can happen to the casino. But if they don't want to do KYC, they can search for the other casino but they will still realizes that sooner or later, all of casino or other website business needs them to do KYC. The illegal things can use many things to run their business even they can use fake document to do KYC.