Certainly for people who don’t want to go through the procedure of KYC this will be a ln unwelcome development. For the industry as a whole though I think it is good. Stake is becoming even more legitimate which will propel growth for the industry and those who want to flee due to KYC will be looked at as a market opportunity for smaller operations. Just stay safe out there. Not everyone is as reputable as Stake.
That’s exactly the point, we have to choose between valuing our privacy and gambling at less reputable casinos. Stake has built its reputation over time, and we know they’re among the top casinos in the crypto gambling industry. If we want to keep using them, we need to comply with KYC.
Actually, this development benefits high rollers more, as most of them prefer enhanced security. Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.