Who is to blame

[BobK71]

How possible to control money laundering or others criminals activities without asking KYC? Even while government is involved here and they want to monitor this business it’s another reason to ask KYC. And i think it also a matter of money security issues. But still you can use so many gambling sites without KYC verification.

It is not possible to fully control money laundering. But if KYC is done, any unusual activity can be easily traced in his account.
KYC is essential for various reasons. Here the gambler may have no advantage, but it is an important matter for the gambling company. Apart from money laundering and counter-terrorism, another important issue is client identification. A gambler is either fit for gambling or minor. This can also be confirmed through KYC. Now KYC has been observed as an essential subject depending on the basis of various activities. Now KYC may be a government rule governing every gambling company.

[Godday]

Actually, many online casino users feel uncomfortable to carry out new regulations that must use KYC, because this is one of the freedoms they want without having to give personal data, but in this case there is nothing we can blame because this regulation is to prevent money laundering, criminalism, and other problems that are currently difficult to overcome, but with KYC everything can be tracked easily to solve the problem.

[Luzin]

Actually, many online casino users feel uncomfortable to carry out new regulations that must use KYC, because this is one of the freedoms they want without having to give personal data, but in this case there is nothing we can blame because this regulation is to prevent money laundering, criminalism, and other problems that are currently difficult to overcome, but with KYC everything can be tracked easily to solve the problem.

Naturally, the casino is within an area or country. So if they still want to exist then they have to comply with all the rules that are applied. Actually, problems like this are a dilemma for many people who use it and of course casino owners. They will be reluctant to join that casino and will make the casino deserted. Actually, if the users are okay, it shouldn't matter. There may be some who evade taxes or other reasons. There's no need to blame it is a reasonable correlation, there's no need to worry about it.

[lienfaye]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

Casinos are being regulated because of the crimes happening that can affect the operator and gamblers. Asking to comply on kyc verification of a certain casino might not be a good idea for gamblers who value their privacy. But nowadays it's not new, many casinos are now regulated to operate legally.

Well, even kyc is common for a regulated casino, it doesn't mean you're already subject to comply since they have rules when to ask their gamblers to undergo this verification. Hence, if you're not a whales and looking for casino to play without worrying about kyc, you can still find one that suited for average gamblers.

[ethereumhunter]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

Casinos are being regulated because of the crimes happening that can affect the operator and gamblers. Asking to comply on kyc verification of a certain casino might not be a good idea for gamblers who value their privacy. But nowadays it's not new, many casinos are now regulated to operate legally.

Well, even kyc is common for a regulated casino, it doesn't mean you're already subject to comply since they have rules when to ask their gamblers to undergo this verification. Hence, if you're not a whales and looking for casino to play without worrying about kyc, you can still find one that suited for average gamblers.

With crimes such as money laundering occurring frequently and being difficult to trace, regulators are asking casinos to implement verification to find out who the gamblers are playing gambling. Thus, casinos can report to the regulator if there is suspicious activity and after reporting it to the regulator, they can immediately sanction or keep monitoring it.

And we don't need to worry about that because as long as we can find a casino that can maintain our privacy, our data will also be safe. And I believe we discovered those casinos and used them long ago.

[Fortify]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

You have a very confused first sentence and question. You are wrong about no regulation in the past, in most "developed" countries around the world you are required to hand over identification documents before you step foot on the gambling floor because they are so easy to use for money laundering purposes. Someone brings in a big briefcase of cash, loses it all and it gets legitimized out to the sketchy owners who allow it - that's how it used to work. Now in some countries you even need to give over the name of your company, so they can figure out things like what sort of salary you are meant to be on. This has all just carried over to the online world for companies in places like the EU, America and Asia.

[noorman0]

If you take the initiative to take legal steps to solve a problem one day, then let regulations get involved. Without regulation, casinos can do anything, including unilaterally eliminating cases.
It sounds contradictory to how crypto works and most users don't like it, especially since the casino has to extract as much information about you as possible. But sometimes to achieve "fairness", the system has to be regulated. Regulatory engagement will keep the relationship between users and casinos conducive.

[danherbias07]

It's for security. For their customers and also for taxes to be implemented.
Wherever their base is, the government of that area must make something out of their business. It's not like they can just do business for free.
Regulation is also for the protection of those who will use their service. This will see the legitimacy of their industry and it will give some ease to those who will gamble on their site.
Should there be someone to be blamed? That just the norm of doing business.

[coin-investor]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

I'm not going to use the word blame, Cryptocurrency casino is better and safer now, yes we do have regulation and KYC but the casino is implementing this to create a safe environment for all their players, they don't want their players to play with fear in their hearts that the casino will be taken down by the authorities because it is being used for money laundering and scammers, with KYC they make sure and guaranty the regulators that all their players are not scammers, terrorist or money launderers, the Because of KYC and regulation the gambling industry is having success.

[coinerer]

Crypto casinos now accept cryptocurrencies as well as credit cards, debit cards, master cards and other payment methods.  Due to which KYC is becoming a mandatory regulation day by day . And many illegal activities like money laundering are done through casino sites, so in this case, casino sites demand KYC from customers for extra transactions and gambling with large amounts. So no blame can be placed on the casino sites in this case

Illegal activities such as money laundering and financing of terrorists are the exact reasons why KYC is implemented in most casinos, as well as for prevention from being blamed by the government relating with licenses and sanctions. Casino have no reason to not obey with this policy, as they may have their license revoked. There is no one to blame either especially if blame the casino, because to minimize of crime.

Casino licenses are issued by a specific organization and KYC is mandatory for all licenses but some licenses may have high amount limits for KYC mandatory and some licenses require KYC for small amounts so it is basically a rule of the license provider.  The casino has no reason to blame in this regard. Casino sites can resort to any number of methods to sustain and continue their business.  Because it is their business and a source of income

[maydna]

If you take the initiative to take legal steps to solve a problem one day, then let regulations get involved. Without regulation, casinos can do anything, including unilaterally eliminating cases.
It sounds contradictory to how crypto works and most users don't like it, especially since the casino has to extract as much information about you as possible. But sometimes to achieve "fairness", the system has to be regulated. Regulatory engagement will keep the relationship between users and casinos conducive.

That could be the purpose of asking for verification from casino members, including the casino itself because with regulations if something bad happens to a member or casino, someone will help solve it. And it will go well if the government really does its job to protect innocent people. If all parties can do this, we can hope that misappropriation of funds, money laundering or fraudulent casinos can be handled properly because there are already regulations that will protect the rights of users and casinos.

[Cling18]

If you take the initiative to take legal steps to solve a problem one day, then let regulations get involved. Without regulation, casinos can do anything, including unilaterally eliminating cases.
It sounds contradictory to how crypto works and most users don't like it, especially since the casino has to extract as much information about you as possible. But sometimes to achieve "fairness", the system has to be regulated. Regulatory engagement will keep the relationship between users and casinos conducive.

That could be the purpose of asking for verification from casino members, including the casino itself because with regulations if something bad happens to a member or casino, someone will help solve it. And it will go well if the government really does its job to protect innocent people. If all parties can do this, we can hope that misappropriation of funds, money laundering or fraudulent casinos can be handled properly because there are already regulations that will protect the rights of users and casinos.

There may be doubts and uncomfortability due to KYC requirements, it still protects both parties and its aim is still for the betterment of both the casino and players. If we will look at the positive side of it, we'll never see the regulation as a bad thing. It could actually control the criminal activities inside the casino. I don't think complying with the KYC will affect us negatively so the regulation shouldn't be a big deal.

[goinmerry]

It's really not a big deal for me to comply and follow the KYC requirements as long as the site involved reaches the status of being reputable.

Not that they will just use our personal details for something crap reasons or something. They are regulated.

We already exposed our personal details to some third-party sites. How come we can't afford to risks on reputable gambling sites?*

*only if mandatory

[boyptc]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated?

Regulations required casinos to ask for KYC.

Even if the casino don't want to ask KYC to its customers, they're just obeying what the rules of the government that they're part of.

But there's still some measures on it, like if you're a small time gambler, you can still gamble without the worry of being asked for KYC.

But sometimes other casinos are not regulated that's why they still ask for KYC from their client user when it releases a large amount on their platform. Isn't what the casino implements also violate the rules.

Because as always mentioned due to regulation, KYC becomes a requirement for users of a gambling casino here in cryptocurrency.

They can't ask for it if they aren't regulated but if they are, they really have to ask for it. But yeah, it could be a mechanism against the government if ever they become regulated and they're asked to provide KYC from their customers.

At least, they've already made their choice then.

But if they have a choice, they won't really force gamblers to comply on it.

[goaldigger]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

Regulation continues to increase as crypto adoption increases, this has been a cycle since then and the government is not letting any crypto projects to operate without experiencing any pressure from the government. KYC is not to blame here, because its one of the requirements and some casinos are obliged to follow it since they apply for a license on that government agency and if they want to operate legally, they have to follow it.

[Oshosondy]

It's really not a big deal for me to comply and follow the KYC requirements as long as the site involved reaches the status of being reputable.

Not that they will just use our personal details for something crap reasons or something. They are regulated.

We already exposed our personal details to some third-party sites. How come we can't afford to risks on reputable gambling sites?*

*only if mandatory

The gambling sites that I like are now all demanding for KYC, the ones that I know this year that I like also all demanded for KYC. Almost all crypto gambling sites are demanding for KYC now, many people have no option because the ones that do not require KYC are not well regulated, some are not even licensed.

But KYC is truly dangerous, especially to sell or expose our data info to third parties which should be what we should avoid because crypto transactions are not reversible and can be hard to trade. This pose a threat to crypto gambling users. If I have an option, I will just prefer no KYC exchanges.

[uneng]

I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

In the past the number of gamblers dealing with cryptocurrency were lower than the currently numbers, especially after the pandemic, when gambling acitivity spiked in the entire world. Crypto gambling websites were archaic and didn't have much attention from regulators, maybe because they didn't see potential threats to the financial systems of their countries back then.

But when crypto casinos got more attention and went mainstream, regulators started controlling it very closely and then KYC became heavily demanded at almost every crypto casinos. That is the price you have to pay for being popular and successful on the business niche where you work. Like Superman said: "With great power comes great responsibility" or "With gambling popularity comes KYC procedure requirement".

[Leviathan.007]

I don't think it that's necessary to blame anyone because some platforms are asking for KYC, we know some platforms are centralized and even some of them have official offices in their countries so they have to pay taxes and obey the rules of their countries, sometimes their governments will asking them to pass the personal information the people who won the games and in the other hand sometimes the website will collect the information for itself to make sure about their clients and if they are frauds or not, however, there are still many other platforms they won't ask for these.

[crzy]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

KYC issue might trigger the crypto regulation since the government wants to know who owns crypto and know who are not declaring it as their profit, hard to blame anyone here and maybe this is already part of the system as we continue to grow. Some site are still KYC free though even if they have the licensed from the government agency, but sooner or later they will ask for it and many gamblers have no more choice but to deal with it.

[Mr.right85]

Nobody is to be blamed, if there is not regulation, criminality would be more than it is now while humans have bad thinking nature.

Obviously, I think it's more about ensuring that the crime rate with confiscating of users deposit funds and winnings than the KYC thing. Let's not forget, KYC is you putting up your documents online and that too is vital and if you are going to do that, its got to be some platform that just don't go away at anytime, a site that actually means business enough to keep there site.

Regulation could be a good thing I think for gamblers, it becomes your  bases for trust on a gambling platform. Wole KYC helps the gambling sites to minimise abuse on there site, regulations helps users to build trust with the platform. I don't thing there is a fault anywhere in that.