Traders have become increasingly concerned over licensing issues linked to crypto casino Rollbit whose RLB token has dropped over 20% in the last 24 hours and 37.5% over the last two weeks. This is due to the platform removing information regarding its license from the Dutch Caribbean island of Curacao, which is known to be an offshore hub for online gambling. Although Rollbit has released a statement, claiming their operations are running smoothly with no issues with deposits or withdrawals, some users are sceptical that the platform is abiding by the necessary regulations.

Rollbit has recently added crypto derivatives trading to its platform and due to this some information regarding the derivatives is hidden until the user logs in. This suggests users are not sure if these activities are covered by the existing license for online gambling as no official statement has been released. The crypto casino has also mentioned that their legal team is diligence in making sure their activities are legitimate and that their licensor has asked for minor user interface changes during their renewal period.

Despite this, traders are still selling the RLB token as there has been no indication from authorities that operation is running normally, only assurances from the crypto casino itself. Rollbit hasn't responded to any requests for comment and until something else is made clear, the token's price is likely to remain turbulent. It is important to research thoroughly before investing in any type of cryptocurrency and it will remain to be seen whether Rollbit has the necessary licenses in place as required.



Other News from Today