3 ms·

What other pooled wallet service doesn't keep records on purpose or has no need to? Gambling?

• user5994461 9y ago
  To have worked in Gambling, it is heavily regulated. To be allowed to operate in X country, we had to specifically store a replica of customers accounts in their jurisdiction, so that all servers and data could be seized by the local law enforcement should the need arise. The stories goes that these requirements raised after some shady gambling companies left with all their customer funds.
  • mahyarm 9y ago
    So how do those offshore online gambling companies work then? Do they all have KYC type records or are there some places where they don't?
    • wolco 9y ago
      Years ago when I worked for this type of company we moved our prod game servers to Indian reserves in Canada. That was very costly, later moved to Costa Rica.