Hatchy
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July 16, 2024, 02:58:16 PM |
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I guessed in the long run KYC in casinos is inevitable, I bet the best option is just to find a trusted casinos you like and remain with them thereon or be ready to move from one non kyc casino to another while an unfortunate event may caught up with you where you would need do kyc in order to withdraw your funds
That's the best alternative though to avoid sharing our personal information all over the Internet and get it into that hands of wrong person's who might sell us out. Just find a good reputable casino and stick with them until you find any reason for using a new one. Most times I think people just want to test out new games that a major reason they register on new casinos. So to avoid the kyc re-registration processes, just avoid multiple casino accounts. I don't see the government removing the kyc imposed on these casino and so as they on us. We just have to find means that would protect our data in any way and avoid being exposed.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Mate2237
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July 17, 2024, 09:11:45 PM |
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the objective of kyc is not for government is to be assure of the particular account so that they will not be commitment of any site fraud with the such a particular account government cannot demand for kyc verification of any account it is that particular platform that will demand for it because they know actually what is their target and there are selective to know people who want to patronize them I think about it should be the essence of having a kyc
It was government that made it compulsory. Though I don't know if your country but from my end it was from the government. And also taxes made casinos to asked the customer to submit KYC when the amount to withdraw is big. And as the Op said as the casinos have seen the benefits of the KYC which are, if the person manipulating the system by using different accounts to play the same game and once they found out the person would lose the two accounts with the amount in the accounts because it is a prohibiting accounts farming. Some will will go back to the decentralized system while some will not. And that's what will happen if the government withdraw it regulatory policies.
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SUPERSAIAN
Legendary
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July 17, 2024, 09:20:36 PM |
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I have Kyc for new generation online casinos. Even if the States do not want such a thing, it will continue. They can access detailed information in a very simple way, thanks to KYC, they can apply more marketing tactics according to this data. Of course, they will not stop what they are doing.
Not having Kyc really provides a lot of convenience for the users, but if you want to play in this virtual casino, you will need a registration and that will not be enough, you will have to prove it, everything has a price.
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goldkingcoiner
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Verified Bitcoin Hodler
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July 17, 2024, 09:23:50 PM |
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Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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uneng
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July 17, 2024, 09:38:56 PM |
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I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
If there were a bond or unity among the citizens of a country to pressure the government regards the extinction of KYC enforcement to online casinos, the government would accept the order of the people. However, only a small portion of the population is concerned about sharing their personal data online. Most people are fine about doing it blindly, without thinking twice... There is only a minority unhappy left, and this minority isn't sufficient to confront the government in anyways. And the few individuals who will try bypassing the government's regulations, playing at decentralized casinos will be persecuted and punished by such governments, as will the decentralized casinos too for operating without permission from a local authority. For that reason, casinos prefer demanding KYC, instead of going against governments' regulations.
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red4slash
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July 17, 2024, 09:51:40 PM |
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I guessed in the long run KYC in casinos is inevitable, I bet the best option is just to find a trusted casinos you like and remain with them thereon or be ready to move from one non kyc casino to another while an unfortunate event may caught up with you where you would need do kyc in order to withdraw your funds
KYC for some gambling sites is used as a form of security balancing and of course the demands for sites from government regulations in limiting their users to gamble so it is still very possible that in the future KYC cannot be avoided. The choice may only be 2 whether they want to keep gambling or make them transparent in personal information because after all, with KYC, it is certain that our information will be clearly given and things like this are not really liked by most gamblers, especially those who are always on online sites as a form of gambling that is done. It is difficult indeed to make conditions like this change but indeed until now fortunately we are still free because regardless of anything until now there are still some gambling sites that are quite popular and quite good popularity still do not impose KYC as a necessity.
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AmoreJaz
Legendary
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Leading Crypto Sports Betting & Casino Platform
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July 17, 2024, 10:03:30 PM Last edit: July 22, 2024, 06:36:40 PM by AmoreJaz |
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I guessed in the long run KYC in casinos is inevitable, I bet the best option is just to find a trusted casinos you like and remain with them thereon or be ready to move from one non kyc casino to another while an unfortunate event may caught up with you where you would need do kyc in order to withdraw your funds
KYC for some gambling sites is used as a form of security balancing and of course the demands for sites from government regulations in limiting their users to gamble so it is still very possible that in the future KYC cannot be avoided. The choice may only be 2 whether they want to keep gambling or make them transparent in personal information because after all, with KYC, it is certain that our information will be clearly given and things like this are not really liked by most gamblers, especially those who are always on online sites as a form of gambling that is done. It is difficult indeed to make conditions like this change but indeed until now fortunately we are still free because regardless of anything until now there are still some gambling sites that are quite popular and quite good popularity still do not impose KYC as a necessity. As regulation is already part of this business, the need to abide the AML/KYC protocol can't be avoided. I believe some of the casinos, as much as possible don't want to ask kyc from their customers because they want them to keep playing on their site. However, not to have any trouble from their licensing authority, they implement this protocol to their players. For those licensed casinos which are not yet very strict on this, don't get too confident that they won't require later on. Just be prepared to sign up the actual details. Because you may never know the future. And it may pose a problem with your account if they start asking some credentials from your end.
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Onyeeze
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July 17, 2024, 10:12:46 PM |
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Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
their is no casino platform that does not request for KYC-verification and they are demanding for that due to they wants government to be free from them, because sometimes they seems their customers like people who might commit crime and fund the part of their crime finance into casino website accounts, so I think that's one of things casino website or teams of people who is establishing in casino website to always engage in such act, I know quit well that casino always be demanding of casino before funding accounts or after you have won and then will tell you to have done your KYC-before you can have access to your funds.
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DubemIfedigbo001
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July 17, 2024, 11:56:57 PM |
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I don't think so especially now that the casinos are said with the responsibilities of limiting irresponsible grabbing patterns in countries like the UK and possible policies addition by other countries. They are now promoted tho demand your financial records tho ascertain the possibility of your deposits still termed responsible gambling.
I see casinos getting more explicit in their KYC demands and not stopping anytime soon.
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satscraper
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July 21, 2024, 06:01:51 AM |
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I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
Hm, the wide-eyed faith in the power of decentralized casinos to control government. if anything it is just the opposite, governments will find the ways to control them unless their activity will be completely underground one , facilitated by, let's say, TOR network, which, in most cases, is unacceptable for ordinary gamblers. Regrettably KYC in casinos will be for a long haul , maybe even forever.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Julien_Olynpic
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July 21, 2024, 06:22:59 AM |
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As casinos move to increasingly decentralized principles of operation, KYC will gradually disappear. And I have no doubt that the principles of decentralization will inevitably be applied in every casino over time. Over time, only casinos without KYC will be able to survive. But this is a fiat issue. Where there is fiat, there will always be KYC. Therefore, in my opinion, all casinos should gradually adopt the rules for working with cryptocurrency. In addition, sometimes the KYC plays a discriminatory role in relation to the user. In other words, some casinos require the user to go through a registration test in order not to pay him the winnings. This is a harsh reality in many countries.
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ethereumhunter
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July 21, 2024, 08:56:20 AM |
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their is no casino platform that does not request for KYC-verification and they are demanding for that due to they wants government to be free from them, because sometimes they seems their customers like people who might commit crime and fund the part of their crime finance into casino website accounts, so I think that's one of things casino website or teams of people who is establishing in casino website to always engage in such act, I know quit well that casino always be demanding of casino before funding accounts or after you have won and then will tell you to have done your KYC-before you can have access to your funds.
Casino doesn't wants to break the rules from the government so they applying KYC for their members as the requirement to playing gambling in their place. Casino does that because casino doesn't wants to gets any problem from the illegal things that can occurs in their place. Gamblers must understand about this and can search for the right casino for them because gamblers doesn't have to playing gambling in the casino that they don't like. People who commit crime and hide themselves from casino or government because they can use fake document to verify their account. That's why casino really carefully to verifying the document from their members and doesn't want to make a mistake. That's why casino needs time before they approves their members to be their verified members in their place.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Fortify
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July 21, 2024, 08:59:59 AM |
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Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
If a casino wants to stop demanding KYC, then they could move their headquarters to a country that doesn't have strict financial regulations. However it is a catch 22 situation for the customers of the casino, because the when these companies move to sketchier jurisdictions - where you might be able to bribe a politician more cheaply than deal with valid complaints - then it is the end user that suffers. There is less infrastructure in these countries to defend against things like DDOS attack extortion and such services might be restricted when these casinos don't want to collect KYC. There is a complicated matrix of trade-offs but generally a customer will be safer in a jurisdiction that requires KYC.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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TheUltraElite
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So anyway, I applied as a merit source :)
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July 21, 2024, 09:00:19 AM |
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I see casinos getting more explicit in their KYC demands and not stopping anytime soon. Indeed, they are getting strict and the players are not liking that. Which is the sole reason behind this thread, because people dont like KYC, they are like just take my money and let me play and stroke my addiction. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) After all, bad people will attempt anything they can to be able to reduce the trace of their crime. That only leads to casinos taking stringent steps to control the spread of tainted money and has to put in anti-money laundering measures. More KYC in future for sure.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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goldkingcoiner
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July 21, 2024, 05:59:28 PM Last edit: July 21, 2024, 06:31:54 PM by goldkingcoiner |
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I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
Hm, the wide-eyed faith in the power of decentralized casinos to control government. I never said decentralized casinos will control the government. I think you are misunderstanding the technical impossibility of controlling something that is sufficiently decentralized. Even for the government. Is BISQ regulated? No. You cannot regulated anything which is truly decentralized, because there is no party to hold responsible. I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
If there were a bond or unity among the citizens of a country to pressure the government regards the extinction of KYC enforcement to online casinos, the government would accept the order of the people. However, only a small portion of the population is concerned about sharing their personal data online. Most people are fine about doing it blindly, without thinking twice... There is only a minority unhappy left, and this minority isn't sufficient to confront the government in anyways. And the few individuals who will try bypassing the government's regulations, playing at decentralized casinos will be persecuted and punished by such governments, as will the decentralized casinos too for operating without permission from a local authority. For that reason, casinos prefer demanding KYC, instead of going against governments' regulations. Yes, due to the fact that most people prefer user-experience comfort and leveraging third party responsibility over using complicated decentralized applications (for now) centralized platforms are preferred by the majority. And yes, the government could go after singular individuals (if those individuals are not careful with their privacy) but this is unrealistic and not to mention such a witch hunt would be illegal in most countries. A more tyrannical government will only push people more towards going against it. And let's be honest, if you trust a third party to not screw you over, you will end up like the Mt. Gox or FTX victims. I personally prefer my own security as my own responsibility.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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$weetne$$
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July 21, 2024, 06:51:29 PM |
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People who commit crime and hide themselves from casino or government because they can use fake document to verify their account. That's why casino really carefully to verifying the document from their members and doesn't want to make a mistake. That's why casino needs time before they approves their members to be their verified members in their place.
Alot of people will use casino for laundering of money and other illegal activities if KYC are being removed. Kyc have stopped criminals from receiving money through casinos therefore KYC should not be stop from casinos. If you are not hiding anything, you will not be afraid of doing KYC on casino. The only fear is for the casino selling our KYC to others but if the casinos are being honest and they are going to protect our informations, I do not see any problem with completing my KYC. There are some decentralized casino that if you do not like completing your KYC on centralized exchange then you can use the decentralized ones for gambling. Casino are becoming strict with their KYC demand because the government are asking them to do that or they will lose their licence and they do not want to lose them.
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BABY SHOES
Sr. Member
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July 21, 2024, 07:07:33 PM |
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I see casinos getting more explicit in their KYC demands and not stopping anytime soon. Indeed, they are getting strict and the players are not liking that. Which is the sole reason behind this thread, because people dont like KYC, they are like just take my money and let me play and stroke my addiction. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) After all, bad people will attempt anything they can to be able to reduce the trace of their crime. That only leads to casinos taking stringent steps to control the spread of tainted money and has to put in anti-money laundering measures. More KYC in future for sure. As regulations get stricter, casinos will follow the rules directed by the government. Like I don't like KYC casinos, but they allow no KYC for small players so that we continue to be addicted, when they become big players most of them will apply KYC for them. The point is that it leads there to find out fraud, laundering or other illegal actions, so casinos are implementing strict rules now. After all, a centralized casino is certain that KYC will be stricter than the current exchange, even mandatory.
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Dr.Bitcoin_Strange
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July 21, 2024, 07:18:10 PM |
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As casinos move to increasingly decentralized principles of operation, KYC will gradually disappear. And I have no doubt that the principles of decentralization will inevitably be applied in every casino over time. Over time, only casinos without KYC will be able to survive. But this is a fiat issue. Where there is fiat, there will always be KYC. Therefore, in my opinion, all casinos should gradually adopt the rules for working with cryptocurrency. In addition, sometimes the KYC plays a discriminatory role in relation to the user. In other words, some casinos require the user to go through a registration test in order not to pay him the winnings. This is a harsh reality in many countries.
I also thought about it, with time, only non-KYC casinos would be mostly adopted by gamblers, but on a second thought, I feel that the already-existing KYC casinos have thousands to millions of customers who have already passed their KYC and will love to stick to their favorite casinos. Just those new arising casinos may want to deviate from their KYC, and they will also win some new customers who probably have not just stuck to their already selected casinos. For example, I have done my KYC at Stake Casino and some other casinos, so even if there's a new casino that doesn't request KYC, I don't have any reason to bet there unless they have an exceptional service that my favorite casino is not offering.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Cookdata
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July 21, 2024, 07:35:45 PM |
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If there were a bond or unity among the citizens of a country to pressure the government regards the extinction of KYC enforcement to online casinos, the government would accept the order of the people. However, only a small portion of the population is concerned about sharing their personal data online. Most people are fine about doing it blindly, without thinking twice... There is only a minority unhappy left, and this minority isn't sufficient to confront the government in anyways.
And the few individuals who will try bypassing the government's regulations, playing at decentralized casinos will be persecuted and punished by such governments, as will the decentralized casinos too for operating without permission from a local authority. For that reason, casinos prefer demanding KYC, instead of going against governments' regulations.
That's not how law works from my little knowledge of the government. Every country is rule by a constitution and that constitution remain valid as long as they want it to be and it's not the function of any government to change laws like that especially when they think it's a threat to their own nationality, it will remain as long as they want and I'm not sure issues like KYC is something masses will want to protest against because how many people are even gambling and doing crypto, some that do crypto the majority of them don't even know anything about privacy and data protection, they just want to make money is their concern. KYC will be hard to abolished because it's what the government practices, it's what the judiciary, the legislative and the executives all practice because all of them have bank accounts that are all documented, all their information is in their database and you think the government will allow things like KYC to stay off from gambling that involves finances and transactions, it's not possible but if they do, it's the best option.
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topbitcoin
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July 21, 2024, 07:45:25 PM |
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I think once we start confronting the government with decentralized casinos, which require no KYC, they may decide to loosen up their regulations due to plain redundancy. It would not be fair for such laws to exist, if they are unenforceable in the first place.
Hm, the wide-eyed faith in the power of decentralized casinos to control government. if anything it is just the opposite, governments will find the ways to control them unless their activity will be completely underground one , facilitated by, let's say, TOR network, which, in most cases, is unacceptable for ordinary gamblers. Regrettably KYC in casinos will be for a long haul , maybe even forever. Yes KYC will always be there in the future especially with the current conditions where gambling is advancing and the blockchain industry is advancing, surely the government's mindset will say that they need something that might be able to minimize money laundering, because in fact that is the basic reason for them to impose KYC on gambling, I can't imagine what the strength of decentralized casinos is if any strong and lasting. KYC will probably have a long enough life and be even more widespread. As casinos move to increasingly decentralized principles of operation, KYC will gradually disappear. And I have no doubt that the principles of decentralization will inevitably be applied in every casino over time. Over time, only casinos without KYC will be able to survive. But this is a fiat issue. Where there is fiat, there will always be KYC. Therefore, in my opinion, all casinos should gradually adopt the rules for working with cryptocurrency. In addition, sometimes the KYC plays a discriminatory role in relation to the user. In other words, some casinos require the user to go through a registration test in order not to pay him the winnings. This is a harsh reality in many countries.
That may be a good spirit and I also like casinos that do not verify my personal data, of course the decentralized casino will be the hunt for gamblers who like privacy, yes that could be one element why KYC is enforced, but I don't think the government will let the decentralized casino run smoothly, it will definitely be criticized by any party, unless it is the government's own output that creates it, who knows about that right.
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