Top Reasons why KYC is required in Live Casino Games and Sports Betting Sites in India?
In India, the popularity of online casinos and sports books has greatly increased. On live casino apps and casino websites, numerous financial transactions take place, and all such apps and websites must follow by the rules of financial organizations like banks. The required KYC (Know Your Customer) process that gamblers and players must go through is one such rule. KYC's primary goal is to stop money laundering situations and spot fraud incidents. KYC helps the operators verify the source of funds, it lets them know whether the funds are backed by any illegal activities or not.
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