Prominent cryptocurrency iGaming platform BC.GAME has announced its decision to withdraw its operating license from Curacao.
The company cites challenges in the regulatory environment as the key reason for this move, which it describes as necessary to strengthen its global compliance strategy.
In a statement to the media, BC.GAME highlights what it calls a lack of adequate legal protections for operators in Curacao, pointing to the island’s outdated bankruptcy law, the “Curacao Bankruptcy Decree” of 1931, as a significant concern. The company states that such gaps in the regulatory framework can expose legitimate operators to exploitation by malicious actors.
Despite this decision, BC.GAME emphasizes that its wider international operations remain unaffected. The platform holds gaming licenses in multiple jurisdictions and affirms its full compliance with all applicable regulatory obligations globally.
In its statement, BC.GAME notes that the global gaming industry is facing increasingly complex regulatory challenges. The company asserts that withdrawing its Curacao license is part of its broader strategy to align with jurisdictions that offer more robust and modern regulatory frameworks. BC.GAME states that this step will enhance the reliability, security, and overall user experience of its services, ensuring continuity for its international operations.
Responding to recent speculation about its financial position, BC.GAME has strongly reaffirmed its financial health. The company assures stakeholders and the public that it remains in a stable position and continues to meet all legal and financial obligations. It further reiterates that its international operations are unaffected by the Curacao license withdrawal.
BC.GAME highlighted that it is committed to expanding its presence in regulated markets and emphasized its dedication to maintaining compliance with industry standards. The company also noted that it places a high priority on preventing gambling addiction through advanced player protection mechanisms.
