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You make a valid point about security for both sides, and I’d happily accept this had it been implemented earlier. Unfortunately, it’s happening now, which complicates things for users like me who registered before these new rules.
This only reinforces my argument: why is Stake suddenly making KYC mandatory now? Which regulation or ruling is driving this sudden change? Really perfect timing for them considering my case as they can now say: Look! We made it mandatory! We comply with all rules!
I really hope they run out of business. All these years of money laundering, fraud and more just goes unnoticed at this point
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I appreciate the fact you acknowledge some points, and of course, they are the reality of things unless we want to shy away from the reality.
That said, this regulation of a thing can't be blamed on Stake still, is Stake a no-KYC casino? No. The world is revolving, and things change. Even exchanges that served people for many years without a KYC later came to ask all their customers for it, a very good example is OKX. Stake cannot be different in this regard and it is in the best position to give the true reason for the action, we can only suspect reasons.
And some of what I suspected were regulations, it costs Stake nothing to keep its customers without KYC if the authorities allow it. But I tell you today, there are many allegations and legal battles such a big name will be fighting underneath, so they have to comply with all regulations to save its neck.