Back in the day we were just using the major coins like Bitcoin and some altcoins - no stablecoins yet. We gambled with the price volatility too, but we liked it because it was non-regulated and gave us full freedom in gambling.
Now crypto casinos are very regulated already, meaning we have to comply with KYC. And if we’re using stablecoins like USDT, USDC, BUSD, etc., then it’s really no different from fiat casinos since both the payment method and the casino itself are regulated.
The downside is, does blockchain now just feel like a wrapper? If I’m using USDT, it feels no different from betting with dollars on a centralized e-wallet, aside from slightly cheaper transfers.
So that’s my question, are they killing the crypto edge we enjoyed before?
For many crypto casinos, KYC remains an optional option (at least until you reach high stakes) so the spirit of freedom still remains. And I hope that if there is a total tightening of regulations and we can no longer find a casino with the ability to play without a KYC, then this will lead to the emergence of new projects, either in the gray zone (I am completely satisfied with this) or decentralized.