Vera&John Suspending Bitcoin Payment Option Due to Regulatory Issues

In January the Scandinavian faced online casino site Vera&John released a press release, where the claimed to be the first licensed online casino to accept Bitcoins as a deposit method. They were the first LGA licensed online casino yes, but not the first licensed online casino as there were several other online casinos licensed other places that had already integrated the popular cryptocurrency.

Vera&John have now been forced to suspend Bitcoin as a payment method, due to regulatory issues with the Maltese Lottery and Gaming Authority. While Vera&John are not going into details about the discussion, they did inform the press that Bitcoin payments are suspended until a regulatory infrastructure has been created and put in place.

Vera&John receives the Bitcoin payments through a third party payment processor and hasn’t experienced any problems with the Bitcoins on a operational level. Nicolas Lund, Director at Vera&John commented on the case.

“Vera&John continuously challenges the status quo to find better ways to deliver a truly innovative, unique and bespoke product to our players.’ We listen to what our players want while embracing technological advances. In turn this enables us to continuously deliver a more personalised customer experience to our ever expanding pool of diverse players who are looking for a fun, entertaining and engaging gaming experience.”

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

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