In the past, it was not too strict but now the regulations are different where the government oversees the crypto industry more with its regulations, so the Stake becomes very visible because these casinos grow to be large, requiring KYC is already their plan.
Not only Stake I am sure at some point in the future many casinos will require KYC because just as they have grown big in their business, regulators will look back and press KYC on these casinos.
I’m just wondering if we have any way to measure whether the number of users on Stake has decreased since they became a fully KYC-compliant casino. We have to keep in mind that this is still crypto, and most people who gamble here value complete privacy. KYC can be a deal-breaker for many. So, I’m really curious, are there still a lot of people willing to fight for their privacy by leaving fully KYC-compliant casinos? Or is it something most have just learned to accept?
Heyy I guess now that a few people are fighting for their privacy eventually all the documents will be provided on the platform for users to do their activities.
Imagine if someone does KYC then Stake will give a reward of at least $50 for successful KYC, who wouldn't be tempted by that money?
Then how can those who have a high VIP level not do KYC? Of course there is no other way but to do it.
Users want to avoid privacy, so the platform will not be able to fight back.