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Re: To freebitco.in and their representative, TheQuin
by
LTU_btc
on 09/06/2025, 18:57:24 UTC
Oh yeah, they just need to pay €185,000 for the initial licensing fee, just for Germany. For Greece is €2M–€3M, for Italy up to €7M. Apart from operating fees later on. Cryptocurrency casinos have been operating as we know them because they have been going unnoticed. If they have to make things legal in Europe, most of them won't be able to, and the few that can will have to massively raise the house edge just to be able to pay the fees.

also worth mentioning that freebitco.in (their parent operator FBC B.V.) has already been warned by the Dutch regulator for offering illegal games of chance. According to a December 2024 ruling, FBC B.V. was ordered to comply with Dutch laws or block access to their citizens, or they will face a penalty of €280,000 per week, up to a maximum of €840,000.
https://kansspelautoriteit.nl/nieuws/2024/december-0/fbc-krijgt-last-dwangsom-illegaal-aanbod/

For one country maybe it's not that much, but when you combine them all, it's huge money, even for big website like Freebitco.in.
But I guess it applies to mostvof crypto gambling websites, not just Freebitco.in. As you said, previously they were just unnoticed. If regulators will take on crypto gambling seriously, there is some black clouds on it's future.