BC.Game Withdraws from Curacao Following Bankruptcy Ruling

On December 5, BC.Game announced its decision to withdraw from Curacao regulation. This move follows last month’s Curacao court ruling declaring the platform’s operators, Blockdance BV and Small House BV, bankrupt. The crypto gambling giant cited an “increasingly hostile environment for operators” as a reason for its departure.

BC.Game further criticized Curacao’s outdated legal framework, especially its bankruptcy law, which dates back to 1931. The company claims there isn’t enough protection for legal operators in the jurisdiction, which malicious actors exploit and weaponize.

Despite the bankruptcy ruling, BC.Game continues to deny any financial instability. In a public statement, the company emphasized that its finances remain strong:

Contrary to recent inaccurately circulated rumors 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… All BC.Game’s international operations remain unaffected, and BC.Game will continue to fulfill all of its ongoing legal and financial obligations.

The BC.Game website now shows that it is licensed by the Government of the Autonomous Island of Anjouan, Union of Comoros. It also lists Twocent Technology Ltd., a firm registered in Belize in July, as its operator.

While its international website remains active, BC.Game’s site in the UK has been shut. The Anjouan license terms also prohibit operators from offering their services to users in Austria, Australia, Comoros, Germany, France, United Kingdom, United States, Spain, and all of the FATF-blacklisted countries. This means the platform will have to seize operations in some of the countries, where it was previously active.

The long-term impact of these changes on BC.Game’s operations and industry standing remain to be seen.