Crypto-Casinos and KYC

[BIN-BIN]

The risk associated with online casino KYC is the major reason there is a rise in decentralized casinos in the crypto casino market today, many online casino players don’t feel safe giving their details to a third party.

[dimonstration]

I am totally against going through the KYC procedure in an online casino with a cryptocurrency! 

When I play in a casino, I want to remain anonymous.  When I conduct cryptocurrency transactions, I also want to remain anonymous.  I don't trust the casino staff. 

Most of them are employees.  They can be fired.  They can ruin their relationship with the casino administration.  They can be dishonest people with criminal inclinations. 

As a result, my personal data will end up on the darknet.  This is absolutely unacceptable!

As long as there are casinos who will not require KYC then it's fine. But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation. As long as the casino have good rating and provide better service there is nothing to worry about. Just keep on having security in your accounts.

[harizen]

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

[Silberman]

I am totally against going through the KYC procedure in an online casino with a cryptocurrency! 

When I play in a casino, I want to remain anonymous.  When I conduct cryptocurrency transactions, I also want to remain anonymous.  I don't trust the casino staff. 

Most of them are employees.  They can be fired.  They can ruin their relationship with the casino administration.  They can be dishonest people with criminal inclinations. 

As a result, my personal data will end up on the darknet.  This is absolutely unacceptable!

While what you said is understandable as I think it is the most common posture here in the forum we need to understand that even if casinos want to please their customers they also need to comply with the law, it is because of this that if a player earns a lot of money in a casino it seems natural to ask for KYC just to see that everything is in order, however if a casino ask for KYC verification to everyone that plays there after some time then this is without a doubt a policy I will not support.

[Maslate]

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

I think those casinos that say they have a license are regulated by the government.

Is this Curacao gambling license doe not fall on the justification?
https://fastoffshore.com/what-we-do/packaged-services/curacao-gaming-license/

[tabas]

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

That's what I know too but they could ask for it as a mandatory requirement if they want to. But as such, if it's crypto casinos, they're not really mandated to ask for a KYC.
Unless conditions has hit a certain person and he's required to do so.

[carlfebz2]

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

That's what I know too but they could ask for it as a mandatory requirement if they want to. But as such, if it's crypto casinos, they're not really mandated to ask for a KYC.
Unless conditions has hit a certain person and he's required to do so.

When we do read up on most gambling sites nowadays specially into their terms and conditions then you would eventually read up that they would might ask out some personal verification if they do saw something illegal or shady towards our gambling activity.

You would really be able to read in most gambling site terms and conditions this is why that dont get surprised that they would be asking out something
but if you do play without any things get involved or being shady then i dont see that you should be worried.

These platforms are regulated which its not surprising that they are abiding some laws and regulations too whenever there are some circumstances which would really provoke out those kind of personal verification if needed.

[michellee]

Easy for them to do that but there's always a risk on their side, that's an identity thief or they might not be able to go after the gambling site if they will file a case once the site is scamming its clients because they are not using their real identity. I don't know if there are still gambling sites that will offer anonymous gambling in the future, because wherever they are, as long as they are regulated, the government would always require them to implement a KYC as that is the standard for every government.

That is another problem that will a gambler face in the future if they decide to use a fake identity in the gambling casino. They hope that they can play gambling without a problem and if they can found a casino that does not require KYC, maybe they will stay at that casino without moving into the other casino. I guess there will still be a casino that does not require the member to fills KYC. I will not have a problem using the casino, which requires KYC but that will be better if we give our identity if we want to withdraw big money more than 1 bitcoin.

Many casinos are very tolerant when it comes to asking for KYC, they know that if they ask this information to every single one of their clients then soon enough they are going to find themselves without clients as the majority of the people in this market care about their privacy, this is why you should not worry that much about this, however if you play with a big amount of money then you should prepare yourself and accept that sooner or later you will have to go through it especially if you win a significant amount of money.

Yes, that is why there will be a casino that still accept the member without asking about KYC. But they can limit the withdrawal amount for their members and if their members want to increase the limit, they need to do KYC. I think that is a fair thing from the casino as the casino does not want to break the regulation. A gambler itself needs to know about themselves and not using too big money if they do not want doing KYC. I think the casino want to help the gambler to control themselves but sometimes, a gambler itself want to break the limit.

[KTChampions]

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

These are different questions. The casino can be legal and operate only with crypto. Or the casino can be illegal and work only with fiat. Therefore, if this is important to you, you should clarify both of these issues separately.
Unfortunately, I see that in recent years almost all casinos become legal in one way or another and the meaning of using cryptocurrencies is lost.

[Slow death]

Easy for them to do that but there's always a risk on their side, that's an identity thief or they might not be able to go after the gambling site if they will file a case once the site is scamming its clients because they are not using their real identity. I don't know if there are still gambling sites that will offer anonymous gambling in the future, because wherever they are, as long as they are regulated, the government would always require them to implement a KYC as that is the standard for every government.

That is another problem that will a gambler face in the future if they decide to use a fake identity in the gambling casino. They hope that they can play gambling without a problem and if they can found a casino that does not require KYC, maybe they will stay at that casino without moving into the other casino. I guess there will still be a casino that does not require the member to fills KYC. I will not have a problem using the casino, which requires KYC but that will be better if we give our identity if we want to withdraw big money more than 1 bitcoin.

Many casinos are very tolerant when it comes to asking for KYC, they know that if they ask this information to every single one of their clients then soon enough they are going to find themselves without clients as the majority of the people in this market care about their privacy, this is why you should not worry that much about this, however if you play with a big amount of money then you should prepare yourself and accept that sooner or later you will have to go through it especially if you win a significant amount of money.

Yes, that is why there will be a casino that still accept the member without asking about KYC. But they can limit the withdrawal amount for their members and if their members want to increase the limit, they need to do KYC. I think that is a fair thing from the casino as the casino does not want to break the regulation. A gambler itself needs to know about themselves and not using too big money if they do not want doing KYC. I think the casino want to help the gambler to control themselves but sometimes, a gambler itself want to break the limit.

I think the big central problem is in the following:

1 - casino owners are anonymous

2 - casino employees are anonymous

3 - casinos do not say where and how they keep people's documents

So why should people submit documents to anonymous people's websites?

[tabas]

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

That's what I know too but they could ask for it as a mandatory requirement if they want to. But as such, if it's crypto casinos, they're not really mandated to ask for a KYC.
Unless conditions has hit a certain person and he's required to do so.

When we do read up on most gambling sites nowadays specially into their terms and conditions then you would eventually read up that they would might ask out some personal verification if they do saw something illegal or shady towards our gambling activity.

You would really be able to read in most gambling site terms and conditions this is why that dont get surprised that they would be asking out something
but if you do play without any things get involved or being shady then i dont see that you should be worried.

These platforms are regulated which its not surprising that they are abiding some laws and regulations too whenever there are some circumstances which would really provoke out those kind of personal verification if needed.

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.
They knew something into their selves why they're asked for but if they're clean, they just have to prove themselves unless the casino believes their reasoning or else, there's nothing we can do but it's either be obedient or your balance gets stuck.

[Hamphser]

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

That's what I know too but they could ask for it as a mandatory requirement if they want to. But as such, if it's crypto casinos, they're not really mandated to ask for a KYC.
Unless conditions has hit a certain person and he's required to do so.

When we do read up on most gambling sites nowadays specially into their terms and conditions then you would eventually read up that they would might ask out some personal verification if they do saw something illegal or shady towards our gambling activity.

You would really be able to read in most gambling site terms and conditions this is why that dont get surprised that they would be asking out something
but if you do play without any things get involved or being shady then i dont see that you should be worried.

These platforms are regulated which its not surprising that they are abiding some laws and regulations too whenever there are some circumstances which would really provoke out those kind of personal verification if needed.

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.
They knew something into their selves why they're asked for but if they're clean, they just have to prove themselves unless the casino believes their reasoning or else, there's nothing we can do but it's either be obedient or your balance gets stuck.

It cant really just be avoided to have in mind on why you would need to comply something if you arent doing something shady with your gambling?

This is where casino legitimacy would matter the most because you can somewhat ensure that you've been dealing with legit things rather than on complying into something which you dont even know if they were legit on the first place.

You would need to comply or else those funds would really be locked.So its a matter of choice.

[KTChampions]

These are different questions. The casino can be legal and operate only with crypto. Or the casino can be illegal and work only with fiat. Therefore, if this is important to you, you should clarify both of these issues separately.
Unfortunately, I see that in recent years almost all casinos become legal in one way or another and the meaning of using cryptocurrencies is lost.

Those gambling site who have their licensed are probably under the rules of government and a specific country is their regulating body which dictates them all the rules and regulations when it comes to gambling. KYC was being asked on many site because it is one of the requirements for anti money londering. If you are not ok with KYC, there's still an option for you and I hope that we can still have that option in the future since many gamblers still prefer to remain anonymous.

I see trends that indicate that all companies in one way or another will be tightly controlled by governments. If you remember the Internet at the dawn of its creation, or at least 15 years ago, you should remember that before there was much more freedom. Now freedom is shrinking and crypto will also come under the control of governments. The only thing I hope for is decentralized applications (including for gambling), because in this case the government will not have the power to control the enterprise due to the lack of a main node.

[harizen]

These are different questions. The casino can be legal and operate only with crypto. Or the casino can be illegal and work only with fiat. Therefore, if this is important to you, you should clarify both of these issues separately.
Unfortunately, I see that in recent years almost all casinos become legal in one way or another and the meaning of using cryptocurrencies is lost.

The question is very clear, at least for how I delivered it. What I'm talking about is if there's a "crypto-casino" that is directly governed and mandated by the government in response to what I quoted above.

I don't consider the Curacao license as an example. If I'm not mistaken, gambling sites under Curacao don't have to pay any tax. It means these sites aren't directly mandated by the government. If a certain business, in any industry, is mandated by the government, they are subject to paying tax.

Again, anyone who has knowledge about this can correct me.

Here's the quote:

As long as there are casinos who will not require KYC then it's fine. But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation. 

[goinmerry]

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.

Gambling sites just asked for additional KYC for big withdrawals or alarming winnings. In that case, users just have to be true to themselves.

KYC is just for the account's unique profile so that in case of attempted big withdrawals, it can't be allowed easily if the account was hacked and the only one who can withdraw that is the original user.

Another one if the account has an unusual activity. That is subject to account fraud and KYC might be imposed on that account.

[michellee]

I think the big central problem is in the following:

1 - casino owners are anonymous

2 - casino employees are anonymous

3 - casinos do not say where and how they keep people's documents

So why should people submit documents to anonymous people's websites?

People submit their documents if they want to withdraw bigger money from that casino because some casinos will have that limitation. And if people do not send the documents, they can satisfy with withdrawing a small amount and I think they can withdraw continuously. So that is just one way for people to solve a larger amount of money for withdrawing to their other wallets.

[hahay]

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.

Gambling sites just asked for additional KYC for big withdrawals or alarming winnings. In that case, users just have to be true to themselves.

KYC is just for the account's unique profile so that in case of attempted big withdrawals, it can't be allowed easily if the account was hacked and the only one who can withdraw that is the original user.

Another one if the account has an unusual activity. That is subject to account fraud and KYC might be imposed on that account.

Not only about large withdrawal amounts, there are also gambling sites out there that offer a bonus but on KYC terms, but that's just an option I guess we can still ignore. But related to large withdrawals I think it can only be done if he is a pro gambler, because for amateur gamblers it is still possible to ignore KYC because it will only play with money that is ready to be lost and most of us just to play for free time and fun. So yes, KYC or not I think it's just an option which in reality can still be avoided.

[Marvelman]

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.

Gambling sites just asked for additional KYC for big withdrawals or alarming winnings. In that case, users just have to be true to themselves.

KYC is just for the account's unique profile so that in case of attempted big withdrawals, it can't be allowed easily if the account was hacked and the only one who can withdraw that is the original user.

Another one if the account has an unusual activity. That is subject to account fraud and KYC might be imposed on that account.

That pretty much covers it, yeah.
Generally, gambling sites have arranged their Terms of Service in such a way that KYC can be requested for any account at any time.

[geegaw]

I think the big central problem is in the following:

1 - casino owners are anonymous

2 - casino employees are anonymous

3 - casinos do not say where and how they keep people's documents

So why should people submit documents to anonymous people's websites?

People submit their documents if they want to withdraw bigger money from that casino because some casinos will have that limitation. And if people do not send the documents, they can satisfy with withdrawing a small amount and I think they can withdraw continuously. So that is just one way for people to solve a larger amount of money for withdrawing to their other wallets.

There is quite a bit of sensitivity surrounding this private submission process, for some people and casinos, this is a way for some large withdrawals to happen safely and easily, sometimes it's also a form of determining the age of the participants when seriously, too many kids are curious about forms of gambling and it becomes a risk for them and the casino, the government doesn't like kids here. However, the author also raised his opinion about the ambiguities and risks of the document, it's hard to make things clear in this anonymous environment, it probably takes trust from both sides

[kellymarkcrypto]

Hey, Do you want to know the best crypto sports betting sites? We are at crypto2win here you will find the best sites where you can play and make money. Do visit our website and know more details