SINGAPORE: A man who only wanted to be known as Tan, had won SGD 800,000 from a well-known online casino company, but the banker told him that his bank account is frozen and he had to explain where and how this huge amount come from, this makes he feel very agonizing.

According to Singapore’s Act, the bank has the right to freeze any bank accounts if they notice any unusual transactions. When an account is being frozen, the bank account holder cannot make any withdrawals, purchases, or transfers until they provide a reasonable explanation.

BK8 CEO, Darren Musk revealed this is a problem faced by players for many years.

“Before the appearance of cryptocurrency, bank account getting frozen always a troublesome for many online casino companies and players. Until 3 years ago, BK8 notices the potential function of cryptocurrency and go through a six-month trial and development, BK8 finally launched cryptocurrency and becoming the first Asian online casino company to accept cryptocurrency,”

"Cryptocurrency has solved the problem of reload and withdraw funds and BK8 players no longer need to worry about the issue of bank accounts being frozen. This is obviously a win-win situation." Darren said.

Our Reporter, Liew asked Darren, "Can BK8 players accept the value of cryptocurrency is floated?"

"In addition to Bitcoin and Ethereum, BK8 also provides USDT deposit and withdrawal. USDT solves the problem of the floating value of cryptocurrency, because its value is based on the price of US dollars, so it’s more stable."

“In addition, BK8 also launched Bitcoin, Ether, and USDT deposit bonuses as high as SGD388 every week in order to encourage BK8 players to use cryptocurrency more.”

“In fact, cryptocurrency is a positive trend of expelling the low-quality currency. Formerly cash is the only payment method we have, but now almost everyone has E-Wallet, the same as cryptocurrency. It offers more convenience in transfer money, especially for large amounts. I tried to transfer money to a winner of BK8 Jackpot, 2.5 million can be received in 5 minutes,”

“Many places have begun to accept cryptocurrency payment also, so BK8 players no need to worry they can’t withdraw or use it in other places, especially as many platforms allow transfer funds to their own local bank account now, which is very convenient.”

Lim, one of BK8 experienced player who has been played more than three years revealed that he had deposited his 20 thousand prizes into Bitcoin, and the price has increased by 10 times afterwards, and now Lim uses cryptocurrency reload and deposit funds on BK8 and receive SGD 388 deposit bonus every week.

“It doesn't matter of win or loses, the most important thing of gambling is having a grand time and free money! I really appreciate BK8 for giving me this opportunity to get acquainted with cryptocurrency. BK8 is really a company that considers player’s needs first, I must recommend this to everyone!” Lim said.

At the end of the interview, our reporter, Liew said, “You’re right, Darren, cryptocurrency has begun to become a trend. In the meantime, people have to stay at home during the epidemic, players are turning to online casino platform too, BK8 launched the deposit/withdrawal of cryptocurrency does bring convenience to players. It also allows players to adapt to this new trend as soon as possible. Thank you BK8 CEO, Darren for taking time to accept our interview today."