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Author Topic: KYC on Gambling Business  (Read 725 times)
maydna
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August 29, 2022, 09:02:39 AM
 #141

This is a very controversial issue, it has happened to me that I have been in casinos where they assure you that KYC is not used, but it is a false alarm, because really at some point in the game if they ask for KYC, this is something that like everyone You know, when you go to enter a casino, you have little patience to read the terms and conditions that are at the beginning when you register, so in part we ourselves as players are to blame in a large percentage, sometimes emotion can , of course I speak from what I have lived, and perhaps many also fall into the same, but that is another thing, but if the casinos should say that if there is something of KYC in them.
Maybe it doesn't just happen to you, but many people don't say anything but just go and find another casino that doesn't require KYC. As crypto gamblers, we don't want to do KYC, especially for people who don't gamble with big money or don't gamble too often. That is because they think playing gambling with crypto is very exciting and doesn't need to go through a long process before they can start gambling immediately. Maybe from now on, the casino needs to provide information in its FAQ about clear limits on KYC, meaning whether there will be a limit to the amount of money gamblers have to go through so they don't have to do KYC. I guess it would be better for users as they would try not to break those restrictions and still be able to play and withdraw their winnings, which of course, wouldn't be that big. But that was enough for them.

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August 29, 2022, 09:17:00 AM
 #142

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