Hi, is this the end of crypto bookmakers in Europe?
Well, I'm concerned about KYC and transaction tracking in the cryptocurrency world, which are to be in force from the new year.
Wanting to make a deposit using e.g. USDC, let's say on Stake. What in such a situation?
What about the sick gambling law that applies in my country. All crypto bookmakers are illegal.
Only those with a high tax on the player's side are available, which means that you are washed out from the start.
From what I know, every transaction is to be tracked.
How lost are we? Does it also look so hopeless in your countries? Is there any way out of this situation?
Let this European institution fall already.
I invite you to the discussion.
As much as we hate it, there's no more (pseudo)anonymity in gambling, at least in certain thresholds. Every one of them are being mandated by the governing body that give them licenses or the country that they are going to operate.
And the regulators are hiding behind AML that's why they are asking for KYC now. Again, it might be that bad if you are not hiding anything, and casinos are also being push by this regulators to handle the data very carefully otherwise they will be fine or their contract not going to be renewed if they fail to handle all our information in cases of hacks or leakage of the data.