BC.Game has announced its decision to withdraw its Curaçao licence due to the Dutch Caribbean island’s “increasingly hostile environment for operators”.
The cryptocurrency online gaming operator said that it officially withdrew its Curaçao licence on Thursday (5 December), adding that this will in no way affect its wider international operations.
“Despite ongoing efforts to modernize Curaçao’s iGaming law, proper legal protection for all operators established in Curaçao is severely lacking, such as its bankruptcy law which dates to 1931 via the “Curaçao Bankruptcy Decree”, which can easily be exploited by malicious actors and used against legitimate operators,” the company said in a statement.
The licence announcement follows the recent court ruling which declared BC.Game’s operating companies, Blockdance BV and Small House BV, bankrupt.
“Contrary to recent rumours inaccurately circulated questioning BC.Game’s financial position, BC.Game further reaffirms to its stakeholders and the public in general that its financial position remains in good health,” the statement added.
“All BC.Game’s international operations remain unaffected and BC.Game will continue to fulfil all of its ongoing legal and financial obligations.”
BC.Game’s site in the United Kingdom has also closed down and its international website now states that it is licensed by the Government of the Autonomous Island of Anjouan, Union of Comoros. The operator is listed as Twocent Technology Ltd., which was registered in Belize in July.
The terms of the Anjouan licence prohibit the operator from serving players in Australia, Austria, Comoros, France, Germany, Netherlands, Spain, United Kingdom, United States, and all FATF blacklisted countries.
BC.Game was order to withdraw from the Netherlands in October under the threat of an €840,000 penalty.