Post
Topic
Board Gambling discussion
Re: What’s the reason for ridiculous KYC requirements?
by
passwordnow
on 03/03/2025, 14:22:08 UTC
It's not really a big deal, it's Something that's very necessary for some countries because they're trying to comply with the regulatory measures to a more effective KYC requirements.
Yeah, it's like border control and they have to call the shots. They have to comply and just apply it to their customers for money laundering checks and some other valid reasons to protect their business.

KYC requirements can be very challenging for most of us but financial institutions needs to balance security, efficiency and accuracy of user experience.KYC May be ridiculous but it's plays a crucial role in preventing illegal activities and alterations.
It's not actually challenging but it should be an understandable measures by everyone who gambles. Exchanges does it and so as the casinos, the banks and other services that we often use, so, this is nothing new anymore for most of us that have used and tried several services including casinos.