Anonymity is no longer a benefit of gambling with cryptocurrency.

[Casdinyard]

I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

[khaled0111]

A casino cannot be a no KYC casino and yet requires you to fill in for KYC along the process, since we make use of cryptocurrency in gambling, it gives us the advantage to make decision on what we want and how we wanted to get it done, if we think privacy is what we need while using any of the casinos, then we can make use of bitcoin in making casino deposit and we proceeds in gambling, when we bet and win, they will not require the KYC except if the casino is a KYC platform in which you have to provide all the necessary documents before they can process your request.

Sorry, but I didn't get your point! What are you trying to say?
Do you mean that even if the casino require kyc, we can remain anonymous by using bitcoin!
If so, then this is not correct. First, bitcoin is not anonymous, it's pseudo-anonymous. Second, the moment you send your documents to the casino for identity verification, you are no longer anonymous. Your identity has been revealed regardless of the payment method you will be using.

[Mr.suevie]

Most of these casino just do all these because of the government rules that are tied to them operating their business. These casino are now implementing all these to avoid be sanctioned of money laundering law because most of the users deem their site to be a perfect spot for huge deposit and withdrawal which can cause lots of attention so that's why KYC is been called upon

In the past, the casinos were blamed by the government for harboring money laundering. A lot of them were either closed by the government or went offline, which caused issues for the users who had their deposits in these casinos. That is the reason why KYC is now being made mandatory in almost all online casinos. A few exceptions are there but sooner or later they will also implement KYC. With KYC you no longer are anonymous but as a user, you still have the anonymity factor with other users.

That's too bad though, and if am getting you correctly you are saying in few years time to come it would very difficult for any online gambler to actually see a casino whose system offer anonymity for the gambler? Online casinos have also gained reputation because of this popular feature but like every other good thing humans tend to abuse it and over use it benefits for negativity. Well am ok with sharing my info but the issue is that is my details safe with these online casinos?

[livingfree]

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

While it is understandable that you think there's no longer anonymity because of the casinos asking KYC/identities and the same with the exchanges.

They have to do that to protect their business as what they're required by their country.

There are still casinos that allows people to gamble even without KYC but some conditions are applied like being limited in what you deposit and withdraw.

Choose a casino that won't force you to kyc but don't be surprised if all of a sudden, they ask you to.

[Magoo8]

I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

[michellee]

Its not right if they claim that they are 100% KYC free casino since if the case that they ask that when winning a huge amount then they must be up something and do delaying tactics to find an issue to the user so that they cannot possibly pay him. But now expect that casino will ask this KYC so people should read first the TOS of the casino so that they will not get surprise when certain requirements has been implemented nor asked to anyone who win a huge amount of cash.

Crypto casinos nowadays have changed a lot. They have started implementing a KYC policy for their users, especially those who deposit or withdraw large amounts of money. This is to avoid casino suspicion of users using money originating from illegal activities.

That should be expected.  A centralized casino that is licensed by a government will eventually implement regulations imposed by the government.  We should not be surprised if all the centralized casino will ask for our KYC, it is also one way of the casino to protect our account from being stolen.

And even crypto casinos also ask us to do KYC on their users. So we have to understand the purpose of the casino asking us to do KYC because the casino is in contact with the government, which will ask for reports on the players at the casino.

And that's why we often see users who are asked to do KYC before they can continue their activities in gambling. Casinos want to ensure that nothing related to illegal things is happening because regulators supervise casinos. And once the KYC process is complete, users can deposit or withdraw money unless the casino finds anything suspicious.

So users must read and confirm the TOS of the casino before registering so they understand that casinos can also ask users to do KYC at any time. And if users don't want to do KYC, they can look for other casinos. But it looks like this is also happening in other crypto casinos.

Yeah players like us must be responsible enough to read the term of service of a casino, if we have some question we can always reach out to their support in order to verify things and be cleared of it. On the other side, casino should be straight to implement KYC from the beginning so that players won't get confused.  the vague terms about KYC should be cleared out and implement it even before a player can deposit any amount of money in their platform.  This way, players won't get into trouble of not be able to withdraw their winnings because they need to submit KYC for verification.

Asking the support service is always recommended to understand the casino's wishes so that there are no misunderstandings between us and the casino.

But misunderstandings still often occur among players because many don't read the terms and regulations listed in the casino. But many crypto casinos still don't implement KYC from the start because they know that not all of their members are big players. So casinos have not implemented KYC for all their players and only players suspected of suspicious activity are asked to do KYC. The important thing is that we read the rules and ask the support service if we still don't understand.

[Porfirii]

<...>

<...>

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

I agree that measures against money laundering must be taken, but I'm a bit afraid about a system where false positives might occur and, even more, where personal data can be handled dubiously by these businesses who ask for KYC.

In my country, for example, the Organization of Consumers and Users has recently sued some banks because they were asking too many personal data under the umbrella of the anti money laundering laws.

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

[Magoo8]

<...>

<...>

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

I agree that measures against money laundering must be taken, but I'm a bit afraid about a system where false positives might occur and, even more, where personal data can be handled dubiously by these businesses who ask for KYC.

In my country, for example, the Organization of Consumers and Users has recently sued some banks because they were asking too many personal data under the umbrella of the anti money laundering laws.

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

[Porfirii]

<...>

<...>

<...>

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

-snip-

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

But who? and why!?

I can understand that they share the personal info with public agencies in order to fight against criminals, but third parties without further specification? Damn, I think that I will have to re-read some ToS just in case they added this clause.

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

[Magoo8]

<...>

<...>

<...>

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

-snip-

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

But who? and why!?

I can understand that they share the personal info with public agencies in order to fight against criminals, but third parties without further specification? Damn, I think that I will have to re-read some ToS just in case they added this clause.

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

I'm not sure how many have this in ToS

Stake also reserves the right to disclose a Player’s information as appropriate to comply with legal process or as otherwise permitted by the privacy policy of Stake (owner and operator of Stake), and by using the Service, you acknowledge and consent to the possibility of such disclosure.

[Fivestar4everMVP]

<...>

<...>

<...>

Casinos are starting to ask for video selfies. Play at little to no KYC casinos.

-snip-

Now you talk about video selfies: how can biometric data like voice and face be used in the future? well, nobody knows...

Video selfies are scary. The ToS at every casino is almost identical. The only addition is now some casinos say they may share your information with a third party.

But who? and why!?

I can understand that they share the personal info with public agencies in order to fight against criminals, but third parties without further specification? Damn, I think that I will have to re-read some ToS just in case they added this clause.

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

Well, people are not enraged with submitting personal infos to companies and organizations because they share those infos with security agencies, but i think people are most angry and do not trust some of this companies because most times, they end up selling their customers private or personal information to advertising firms and companies for targeted ads, personal information are very expensive to companies looking for those to advertise their product or services to, and yes, such act without the consent of the user is highly illegal, but most of the time, this companies are protected from any kind of lawsuit by their terms of service, because they do include lines like "we have the right to share your personal info to any third party for whatever reason" that "what ever reason" and "and third party" already gives the company the power to do anything with their users personal information, but the thing is that, people don't read, and even for those that read, they sometimes do not understand what they are giving consent or agreeing to.

[Sim_card]

Most of these casino just do all these because of the government rules that are tied to them operating their business. These casino are now implementing all these to avoid be sanctioned of money laundering law because most of the users deem their site to be a perfect spot for huge deposit and withdrawal which can cause lots of attention so that's why KYC is been called upon

In the past, the casinos were blamed by the government for harboring money laundering. A lot of them were either closed by the government or went offline, which caused issues for the users who had their deposits in these casinos. That is the reason why KYC is now being made mandatory in almost all online casinos. A few exceptions are there but sooner or later they will also implement KYC. With KYC you no longer are anonymous but as a user, you still have the anonymity factor with other users.

That's too bad though, and if am getting you correctly you are saying in few years time to come it would very difficult for any online gambler to actually see a casino whose system offer anonymity for the gambler? Online casinos have also gained reputation because of this popular feature but like every other good thing humans tend to abuse it and over use it benefits for negativity. Well am ok with sharing my info but the issue is that is my details safe with these online casinos?

I wouldn't put the blame on these online casino asking for KYC because initially some of them wanted gamblers to remain anonymous but the pressure put on them by the government to know who exactly that they are dealing with so that if there is a big win or any problem that user can easily be known through your KYC information has left most casino with no choice but to follow the instruction of the government. I know that anything that the government is involved in must be centralized and nobody can say no to them or else you will lose your license and your business will be shut down. If I can provide KYC when using Cex,I don't think it will be a problem for me to do the same if I want to have fun.

[bettercrypto]

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

[paxmao]

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

Oh no, there are many gamblers out there that are very interested in anonymity for many reasons. To be fair, some of those reason may be related to the origin of the funds and that is why the KYC is implemented in any site that wants to allow users from certain countries to be users. But there are many legitimate reasons for anonymity as well.

[arwin100]

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

Oh no, there are many gamblers out there that are very interested in anonymity for many reasons. To be fair, some of those reason may be related to the origin of the funds and that is why the KYC is implemented in any site that wants to allow users from certain countries to be users. But there are many legitimate reasons for anonymity as well.

Before many gamblers choose crypto casino because they can hide their identity for private reason. But case has became different when licensing and other legal matters has been implemented and anonymity has been erased due to this matter. And I guess this matter is not for people who want to be anonymous especially if they select those reputable casino since for sure they will be ask to provide their own identity. Its also risky to gamble our faith on unreputable casino or those small casino because scamming is maybe what we are facing there.

[joniboini]

As a European citizen, it is illegal if they share my personal info to other private third parties without my explicit consent, and it should be that way everywhere.

Even if it is illegal, there is no way you can be sure that companies don't do that behind closed doors. I've seen many cases where personal data got leaked by some apps licensed by the government for various reasons in many countries, even if there is a clause that makes it illegal. Maybe you can encourage your government to punish them, but the cost is not worth it for most users. I believe this is the major reason why people want non-KYC services to begin with.

[Rabata]

Most of these casino just do all these because of the government rules that are tied to them operating their business. These casino are now implementing all these to avoid be sanctioned of money laundering law because most of the users deem their site to be a perfect spot for huge deposit and withdrawal which can cause lots of attention so that's why KYC is been called upon

In the past, the casinos were blamed by the government for harboring money laundering. A lot of them were either closed by the government or went offline, which caused issues for the users who had their deposits in these casinos. That is the reason why KYC is now being made mandatory in almost all online casinos. A few exceptions are there but sooner or later they will also implement KYC. With KYC you no longer are anonymous but as a user, you still have the anonymity factor with other users.

That's too bad though, and if am getting you correctly you are saying in few years time to come it would very difficult for any online gambler to actually see a casino whose system offer anonymity for the gambler? Online casinos have also gained reputation because of this popular feature but like every other good thing humans tend to abuse it and over use it benefits for negativity. Well am ok with sharing my info but the issue is that is my details safe with these online casinos?

The answer is that sharing information across all casinos is not secure. But there is nothing to do. For gambling, you have to choose the casino platform by looking at some good features. Even though the main purpose of gambling with cryptocurrencies was to remain anonymous, that opportunity no longer exists. Basically, this kind of restrictions comes for some people to abuse cryptocurrency. Now governments have made KYC mandatory for every casino. So, it will not be possible for anyone to keep themselves anonymous as before.

[ethereumhunter]

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

It is precisely because gamblers just want to have fun that they think that they don't need to do KYC because they are not gambling for money. But now, crypto casinos have changed because of regulations from regulators who want every crypto gambler who plays at crypto casinos to be required to do KYC, especially for those who get big wins. There is a certain suspicion about their account.

But for those who have frequently encountered KYC in many casinos, of course, they will not mind doing KYC because they think that it should be done to reduce illegal activities that occur in casinos. They also realize that doing KYC at the casino can help them withdraw their big winnings.

[piebeyb]

the anonymity in gambling is something that gamblers can't really think about because their aim is to win gambling or to have fun either. Only then will they perhaps think of that when they have a large amount of money to be released at the casino where they will have to submit a kyc, only then will they perhaps think of anonymity.

But for me that's not a big deal anymore because it's normal to ask for the kyc to release winnings in crypto gambling actually because identification is important

As long as they are not cheating and trying to launder money it seems like they don't need to send their identity and keep playing anonymously, without having to complete KYC as well, make sure to play honestly and know the requirements they apply, so far there are big casinos that don't ask for KYC to users who withdraw thousands of dollars like Stak.

So I think it depends on how the gambler plays, playing honestly will make him play anonymously without having to complete KYC on the gambling platform, even so there is nothing we can do to circumvent the existing regulations, because almost all licensed casinos definitely require an identity users if needed, playing on a KYC free site does not guarantee the safety of our money and that's something to think about, so I think it depends on whether the gambler plays fair or tries something that violates casino rules. i also gamble so far without KYC can withdraw money.

[Peanutswar]

The essence of cryptocurrency is being secured and anonymity. With the centralized platform, the players do not have any more rights because upon creating an account, they agree with the terms and conditions that there's the information needed for them to proceed to make a gamble, be entertained, and more. Some casinos offer a non-KYC or at least a level 1 KYC etc, which requires an email and phone number for part of the verification for account recoveries. The essence of being anonymous might not as we expect. Some trouble with accounts now requires a higher level of KYC that makes the player more expose with the data privacy.