They have no option but to follow what's being applied to them by these regulators.
If they're good enough and this is the process that they have to go, I might think of it before continuing.
Because until now, there are still casinos that requires no kyc. For example in bitz, it allows me to withdraw without question.
So before it was exchanges being too strict with the deposits, now it's going to be casinos? didn't foresee this.
No one forsees any new policies that come up because it is never to our benefit but to the benefit of the regulators and business platform owners.
This new rules definitely creates a massive trust concern because so far the rate of cryptocurrency hacks has risen tremendously and thus has prompted such policies that is sort of intrusive into player wallets and transactions history.
Because majority of the casinos would like users to simply deposit and gamble.
But right now, this is going to be different. They're acting the same as exchanges sourcing out where the funds came.
They're just only obeying the regulations being carried out to them and so, we're always affected by it.
I wonder to what end when they should be more concerned about stopping these hackers by protecting their systems with fail proof security system, instead of enforcing stricter rules.
They gotta prove themselves worthy of the compliance by their users for entrusting them with their ids.
