Know your customer provision in the new draft regulation proposed in the amendment to the information and technology act 2021 needs further explanation. Knowing your customer should be a simple procedure with clear guidelines. However without the need for new proposals on knowing your customers leading platforms have made the journey of online player easy. Just with a simple WhatsApp number anyone willing to play online games can get Sky exchange online id for a number of online games sports and fantasy sports. The same id is used further for betting on games.
The industry feels that many online players just come for entertainment and to pass time. They do not put money at stake for online games without any experience. Only professionals who have been playing online games for a considerable time put a stake in games with real money. Online players on skyexchange-id.info can play games various sports and events which are already played offline. Currently, there is no need to know your customer procedure.
The online gaming industryskyexchange-id.info wants to ensure that there is no cumbersome procedure to know your customer which puts off the players. If a player has to enter a lot of details even for playing for entertainment, then the player may come to online games. This, the online gaming industry feels, will be a damper to the growth of online gaming industry.
Today there is no detail required for getting a sky exchange online id for any games or sports online. And the player does not even need to pay real money for playing free games. Only players who want to get big rewards need to put real money into the game. But under the new regulations, there is no clarity on the details that an online player needs to enter into the online platform. The clarity on this aspect of knowing your customer will only boost the online industry.
