Crown88 Completes Shift to Cryptocurrency, Enhances Compliance Measures
CURAÇAO – May 16, 2024 – Online gaming platform Crown88 has fully transitioned to cryptocurrency payments, unveiling a revamped platform designed for crypto-native users and bolstering its regulatory compliance framework.The move aims to provide users with increased financial privacy,reduced transaction fees,and broader global accessibility.
The upgrade consolidates user balances within a new wallet system, streamlines deposits via QR code or address input, and offers transparent fund tracking. Crown88’s decision reflects a growing trend within the gaming industry toward blockchain integration, seeking to leverage the benefits of decentralized finance.
“The upgraded Crown88 platform has been architected from the ground up to align the needs of crypto-native users,” the company stated.
Alongside the platform overhaul, Crown88 has reinforced its commitment to regulatory standards. The company maintains its Curaçao Gaming Control Board license (OGL/2024/1701/0924) and has implemented enhanced Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. These include enhanced due diligence for high-risk users, automated transaction monitoring, and real-time blockchain wallet address screening through third-party compliance services.
Users are now required to complete KYC procedures – encompassing ID verification, proof of address, and a photo-based selfie with credentials – before initiating withdrawals. Geo-blocking measures are also in place to restrict access from jurisdictions where online gambling is prohibited.
Crown88 anticipates further platform enhancements, including support for additional cryptocurrencies and the integration of smart contract-based gaming systems.
Contact:
Gerrard Goodwin
Director of Operations
Crown88 group Global
support@c88.global
