Are regulators tightening crypto KYC? We, players, will feel it too

[L E G E N D A R Y]

In the case of platforms, this rule must be followed because casinos are liable to the government. Especially if a large amount of money is won, casinos have to keep proper information about that user. Moreover, they also have to know whether he is a real user or not. In this case, there is nothing wrong with asking a new KYC information from a platform user. However, if it happens with that small amount of money, then I think they have made false promises to the gamblers about KYC information in the beginning. Although there is no way to say that this will happen in the case of all casinos. While these demands are reasonable for regulated casinos, the same rules do not apply to unlicensed platforms.

Transparency is very important for every casino. KYC isn’t the issue but being very transparent about it from the beginning is the bigger issue, because users should know the conditions on registration before even making their first deposits, and not to only discover them when it’s time for them to withdraw. Even unlicensed casinos can also issue restrictions when huge amount of money is involved, so people shouldn’t just rely on their no KYC claims.

[Texac]

Even the casino agreed with the data privacy one their data is leaks all of your information is now available in the internet and can't be deleted.

And until now, there has been no action from regulators regarding cases of customer data leaks, whether from hacking or intentional data breaches. That is what is regrettable at the moment. 
Casinos comply with regulators to request KYC from customers, but there is no real guarantee regarding the security of the data that has been provided. 

Gamblers aren't just providing their name and email address, but also copies of their passport, photo, bank statement and sometime even document proving their source of income. But I wouldn't agree that regulator do absolutely nothing when data breaches happen.
So, in my opinion, it's much more important to pay attention to a casino's reputation, how it store personal data, and who exactly receive document submitted for verification.

[Elainebue]

no kyc at signup but transaction monitoring in the background is an interesting middle ground

[sompitonov]

Gamblers aren't just providing their name and email address, but also copies of their passport, photo, bank statement and sometime even document proving their source of income. But I wouldn't agree that regulator do absolutely nothing when data breaches happen.
So, in my opinion, it's much more important to pay attention to a casino's reputation, how it store personal data, and who exactly receive document submitted for verification.

This is undoubtedly the most critical point to focus on, as the current situation rife with hacks, thefts, and data leaks is deeply concerning to me. I don’t think any user would be happy about this platforms and casinos that are constantly demanding more from their users should instead be investing their profits into strengthening their cybersecurity. We live in dangerous times, with hackers who show no signs of stopping they are actively hunting for customer data and funds.

[Fuso.hp]

If I am personally asked what I would prefer when choosing a gambling site, then first I would say security. Now if we give maximum attention to security, then we must definitely do KYC verification there and if we do not consider KYC verification safe, then how will we create an account on a reliable casino site and how will we continue to gamble there. If I give my personal important information in the wrong place, it is a matter of concern, but if I complete the verification with my personal information on some trusted casino site, then it is not a matter of concern for me. There are many members of the popular casinos, but they do KYC with their personal information and then gamble, since this large number of people trust me, I think we can also trust such casinos.