Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.
Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.
If you could do KYC process before making a deposit, would you do it?
When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?
Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?
1. Simply NO
2. As long we do talk about Max win, then KYC wont really be an issue
3. For sure there would be some exemptions but i do highly doubt that those funds would really be given back into authorities?
We do know on crypto space that KYC is really that highly frowned upon on which this is something that wont really be that not liking. Just like on everyone is saying
that we are dealing up on the world on which changes would really be that dynamic. How good to remember into those times or moments that casinos are really that KYC free.
There's no chance for you to bother up yourself on getting asked for some information on which this is really that opposite on what we are seeing now.
Although there would really be still those platforms that doesnt ask out some KYC despite of maximum winning.
There would really be still those places on which they arent asking any form of KYC as long they do able to hit up those Jackpots or those huge amounts
in a fair way. This is how business works on which they would really be that getting in line with rules and regulations that had been set. So it would really be that understandable
that they would really be needing up to comply if they wont really be liking into those possible sanctions.