~snip~
Sometimes being rich or having tons of money would be having these kind of problems and considering that it do involved huge sums then there would really be no exemption when it comes to verification.
We know that government is really that strict when it comes to this matter on which it would be normal that they would really be having this kind of approach. Well, its not something bad because
money laundering is never been good and since these platforms or companies are involved with huge revenue or simply talking about big ongoing and outgoing transactions so its just normal
that they would really be keeping an eye to them.
As these companies does have some license then it would be normal that they will really be complying on whats been asked or mandated or else then they can operate.
For us small time gamblers, then this kind of rule or terms wont really be that much pain in the ass but if you are someone who have tons of money
then expect something like this on where verify this and verify on that.
In fact, people who have a lot of money can hide it from others and not show many people that they have a lot of money. And they are used to gambling with a lot of money, so they want to withdraw their winnings, the casino asks them to do KYC. Some of them are aware that KYC has now become mandatory, especially for those who gamble with a lot of money. Casinos do not want to experience any problems with regulators, so they have started to tighten their regulations in accordance with regulator regulations.
We, as small gamblers, can only comply with the requirements set by the casino so that we can avoid any problems. But actually, we as gamblers can look for crypto casinos that are not too involved in doing KYC so that those of us who only gamble with small amounts of money will not be asked to do KYC. Moreover, we, as small gamblers, rarely get big wins, and the winnings we get will be within the gambler's minimum withdrawal limit.
~snip~
It seems to be all about making quick gains and getting your money back quickly. This quick pleasure makes bettors feel like they're close to a winning streak. When the stakes are high, things change. KYC is a surprising wake-up call in a world full of ways to escape reality. It's strange that bettors like unclear rules in games but not when it comes to their personal information.
In addition, the gambling is to blame. Along with fun things, they store money and private information. Enforcing KYC strikes a mix between following the rules and making customers happy. The gambler may say that their privacy is being invaded, but they know that this makes their gains legal. This small nod to the rules of the game isn't just about the game. Isn't this mix of being smart and having fun, of getting quick results and going through long, complicated processes, a good example of how we seek both excitement and safety?
There are no quick profits from gambling because it will be difficult for us to win and may cause us to lose more often. The gambler must be aware that if they get a big win, they must comply with the rules implemented by the casino, so they must be willing to do KYC. If they don't want to, they can look for another casino, but that obviously takes more time because most casinos now enforce KYC on their gamblers.
Gambling cannot be blamed because we are the ones who should be blamed. After all, gambling does not force us to gamble, but we are the ones who really want to gamble just because we are curious about what gambling is like. We don't want to do KYC because we think this is just gambling for fun, so we don't need to submit any documents to the casino. But the situation has now changed from a few years ago because many people use crypto for illegal things, and casinos don't want to get into trouble for illegal things. If gamblers don't want to do KYC, they should not gamble because they want to protect their personal documents, and that is the choice we have.
