The crypto-casino token Rollbit (RLB) has fallen in price by 17% in a day amid reports of problems with the project’s license. CoinGecko data shows that the price of the token has fallen by 37.5% over the past two weeks.

Rollbit has already removed information regarding its license from Curaçao, a Dutch island off the coast of Venezuela that is an offshore center for online gambling.

“We are actively negotiating a license renewal and will provide an update as soon as possible. While this is typically an internal process, we recognize the importance of transparency in such an important aspect of our business,” the crypto casino said.

The company claims that their license is now in the process of renewal, and this is a standard procedure for platforms with permission from the authorities of Curacao. NFT products and Crypto Futures have never been subject to a gaming license.

“From a legal point of view, our team has not received anything that would indicate that there are problems with our operations. We have a legal team to ensure the legitimacy of the activity,” company representatives assure, adding that users have no problems with deposits or withdrawals.

At the end of 2022, the Twitch team made a decision not to allow broadcasts of gambling with digital assets. Gaming sites that the streaming service believes violate the law include Stake.com, Rollbit, Duelbits, and Roobet.