BC.GAME is a crypto online gaming platform. It has announced the decision to withdraw its Curaçao license. The company stated in a press release that this move is a response to Curaçao’s increasingly hostile environment for operators in recent years. Additionally, the company aims to prioritize more regulated markets.
BC.GAME stated that Curaçao’s outdated iGaming laws lack adequate legal protections for operators. It highlighted the 1931 Curaçao Bankruptcy Decree as a key issue. The company emphasized that this law is easily exploited by malicious actors, creating significant risks for legitimate businesses, even as efforts to modernize the framework continue.
For that reason, BC.GAME decided on December 5 to officially withdraw its license in Curaçao. The company assured that this decision will not impact BC.GAME’s broader international operations. BC.GAME holds gaming licenses in several jurisdictions beyond Curaçao. Its international operations remain fully compliant with all applicable regulatory obligations.
BC.GAME states that this move is crucial for strengthening its operational strategy and ensuring continuity. The decision aims to align BC.GAME with advanced and robust regulatory frameworks, benefiting its international operations.This is as the global gaming industry faces an increasingly complex regulatory environment.
In addition, BC.GAME addressed previous rumors about its financial position. The company reaffirmed to its stakeholders and the public that its financial standing remains strong and stable.
The operator stated that all of BC.GAME’s international operations remain unaffected. BC.GAME will continue to meet all its legal and financial obligations.
Jefferson Ha, BC.GAME’s Senior Legal Counsel described the Curaçao environment in an exclusive conversation with Asia Gaming Brief as increasingly operator-unfriendly. He cites regulatory uncertainty, procedural flows, as well as the antiquated 1931 Bankruptcy Decree as key obstacles.
