Problems with Curacao license collapsed the token price of cryptocurrency casino Rollbit
Curacao license problems collapsed the price of cryptocurrency casino token Rollbit
The cryptocurrency RBL has fallen in price by 23% overnight. The project team announced that it is going through the standard authorization renewal process
Cryptocasino token Rollbit (RLB) has fallen in price by 23% overnight amid rumors of license issues with the project. The platform's team tried to reassure the community and stated that the license is currently being renewed according to the standard procedure. Despite this, traders continue to sell RLB tokens. According to CoinGecko, its exchange rate has fallen 43% in the past two weeks.
Cryptocasino Rollbit was licensed by the Caribbean island of Curacao (part of the Kingdom of the Netherlands as a self-governing state), known as an offshore for gambling and online gambling companies.
The casino said it had made minor changes to the user interface at the recommendation of the Curacao licensing authorities, responding to user complaints that Rollbit had removed the license information from its website.
"Our license is currently renewed annually, which is standard procedure for Curaçao-licensed platforms such as ours. We are actively communicating with our licensor about the renewal and will provide an update as soon as possible," Rollbit said in a statement.
The project team said they have not received any official information indicating problems with the platform. They assured that activity continues as usual, with no problems with users depositing or withdrawing funds.
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