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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
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.
Stakes have become so active in KYC demands ever since there have been some recorded hacks on the site, I am sure that Stakes could have traced a lot of hacks that baffle them back if they already have this mandatory KYC in place before now, most of the hot wallet hacked attacks on stake were all done through accounts tipping which has exposed the former vulnerability in KYC and large withdrawals, I believe players from the United States that is the most cryptocurrency gambling regulated country citizens already have it settled with things like KYC and don't care to hand over a few documents to the casino since they know that they data is secure and account protected, and same also with most another part of the world. Just accept it and play by the demands of the platform if you want to use them.