Online gaming operator Vera&John has announced it is to temporarily suspend a Bitcoin payment solution on its website until a regulatory infrastructure has been put in place.

As reported by iGaming Business, Vera&John announced in January that it was to become the first regulated and licensed internet casino to begin accepting the Bitcoin virtual currency.

The facility had allowed players, via a third part provider, to exchange Bitcoins into regulator currency to add credit to their Vera&John account.

However, following discussions with the Lotteries and Gaming Authority (LGA) Maltese regulatory body, the operator has opted to suspend this facility on a temporary basis until a regulatory framework has been established.

Vera&John will now continue discussions with the LGA and the Malta Financial Services Authority over the matter.

Nicolas Lund, director at Vera&John, said: “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.”

Related article: Vera&John becomes first regulated online casino to accept Bitcoin