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Author Topic: Why Always KYC (Know Your Customer) Why NOT KYO(Know Your Owner)  (Read 618 times)
audaciousbeing
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June 19, 2018, 06:58:28 PM
 #61

Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??


The reason why this is happening is because we are the ones going to meet them and we are ruled by our greed as to the incentive we stand to gain from using their platform even though we might lose in the process, the chance and hope that we might win is what is really driving us to them which then puts them in the position of strength and when someone is in the position of strength, he dictates the terms and conditions of the arrangement.

The only person to call them to order and ask for all of those details is when we have a regulatory body that would ensure that the information they collect are not abused. I submit my details to the bank without knowing the board of directors simply because I know that there is another body overseeing their activities which is the Central Banks and that is what we need in this field if not for stiffing regulations, but for control and oversight.
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