Re: Why they need a license if bitcon is not money?

In cases where the casino may get hacked and kyc documents stolen, in most cases, we can't completely put all the blame them because believe it or not, every business sometimes go through issues no matter the type of issue.

As long as the casinos follow the proper data protection measures required by regulators, they can’t be blamed. But if they don’t, then they should face complaints and possible lawsuits. This is part of the risk we take when entrusting them with our data through KYC requirements. To minimize that risk, we have to be selective in choosing the right casino to play with, and that is to stick to reputable ones, as they usually have stronger security measures in place.

true if we do KYC means we are sure that the casino we choose is the best and does have a good reputation, if there is a kidnapping incident or one that aims to thwart our victory, it can be said that an unfair casino does not want to experience losses by issuing a large jackpot,
a casino that provides a jackpot must have thought about everything and it can be said that giving a jackpot is a reward for players who have been loyal to playing, but it is given randomly and if the jackpot can come out, it means that it is indeed the luck of the winner

When you do KYC verification in a casino it must be a rebootable site otherwise you might get attacked if you jack too big. Because your full identity will be with them and this is why all types of casino sites should avoid verification. So I always use those sites which allow gambling without KYC. Even if it is a small amount, there is no problem because I don't gamble with huge amounts. In this case I am not too worried about the KYC issue

You need to understand that many of these non KYC gambling platform would not take too long before they stop allowing users without KYC because of the government agenda to control everything about us. You need to enjoy this now while it lanst because we can still gamble without submitting any documents. Gambling without KYC can be fun while many gamblers will take the opportunity to create multiple accounts in order to cheat and get more bonus rewards.

We have already seen this transition and it is really that gradually happening now and as we have seen that those known KYC-less platforms back in the past are now leading on imposing up such rule about KYC verification before they could be able to sign up (Roobet) and able to make withdrawals (Stake) on which its something that you do need to comply before you could proceed. At first, whom had thought that these sites will really be that becoming strict when it comes to compliance?. Some people had already anticipated it on which same as you said that government wouldnt really be allowing for these businesses not to be regulated or something that they cant be able to milk it out with some taxes.Therefore, they will really be trying out to control these businesses and will really be requiring out to follow up some regulation for them to continue on operation on which these businesses wont really be having any option but to follow or else they will really be facing up some problems.