Category: Crypto Payments

Crypto payment processors CoinsPaid and CryptoProcessing sponsor MotorsportR
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April 1, 2025

Racing into Controversy? CoinsPaid Shifts Gears with Barrichello Sponsorship Amid Regulatory Scrutiny

CryptoProcessing by CoinsPaid has launched a new motorsport sponsorship campaign with racing prodigies Eduardo and Fernando Barrichello. But behind the glossy Web3 marketing lies a history of regulatory red flags and allegations of facilitating illicit payments. As FinTelegram has repeatedly reported, CoinsPaid is far from a neutral fintech innovator.
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Updated CoinsPaid report with connections to Paata GamgoneishviliC
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October 31, 2024

Comprehensive Analysis Report on CoinsPaid and CryptoProcessing: Latest Numbers and Massive Anonymous Attacks!

The CoinsPaid operates through a number of legal entities in different jurisdictions. The official beneficial owners are the Austrian Alexander Horst Riedinger and the Ukrainian Max Krupyshev. Most recently, its CryptoProcessing reported that it had processed €2.230 billion in Q3 2024 as the leading crypto payment processor. The CoinsPaid group is at the center of serious accusations that are anonymously made on the web.
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Cyprus Confidential exposed Russian money in CyprusC
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September 19, 2024

Cyprus Real Estate Firm Partners with Notorious CryptoProcessing for Crypto Payments! And Some Background!

Anything is possible in Cyprus. Especially when it comes to cyber finance and illegal gambling and financial platforms. Cyprus was the global hub for illegal and fraudulent binary options. Providers of crypto services have also found a home there. The island is also home to the Dream Hill real estate company, which now offers the purchase of apartments via cryptocurrencies. The partner for this is CryptoProcessing. Here is the most important thing in Telegram style.
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Cryptocurrencies facilitate illegal businessesT
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August 13, 2024

The Role of Cryptocurrencies in Facilitating Illegal Online Gambling Operations!

With the rapid adoption of cryptocurrencies, the global landscape of illicit businesses, particularly in the online gambling sector, has seen a significant expansion. Despite heightened regulatory scrutiny, cryptocurrencies continue to operate beyond national borders, enabling illegal online casinos and gambling platforms to thrive. This phenomenon has created substantial challenges for authorities.
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The CPS Group networkB
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August 6, 2024

Bravo: Russian-Controlled Crypto Payment Facilitator CPS Group and its Remarkable Rating!

Russian financial service providers have not had an easy time since the Russian invasion of Ukraine in February 2022. Western sanctions have hit most of them hard. Despite the challenging landscape, CPS Group, with its crypto payment company CryptoPay, has managed to navigate the sanctions effectively. CPS Group's good rating, which was awarded by the cyber rating agency PayRate42, is particularly noteworthy.
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Crypto Payment Processor lays offM
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June 6, 2024

MoonPay Lays Off 10% of Staff Amid Crypto Bull Run Due to Past Over-Investments!

Crypto payments processor MoonPay has laid off 10% of its workforce, citing high-cost structures and lower-than-expected operating margins. This decision comes despite the company’s claim of being financially sound with “years of runway” ahead. However, the cyber rating agency PayRate42 confirmed MoonPay's Orange Risk and Orange Compliance ratings, stating that layoffs in a bull cycle suggest a forward-looking management team.
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The CoinsPaid group and its network of individuals and legal entitiesI
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May 9, 2024

Investigative Report: Allegations of Money-Laundering, Tax Fraud, and Compliance Issues Against Crypto Payment Processor CoinsPaid.

Investigative reports published by Shana Dovi on Medium has raised serious allegations against CoinsPaid, an Austrian crypto payment processor operated under Dream Finance OÜ via Estonia. The report outlines a complex scenario of financial misconduct, fraud, and regulatory evasion allegedly orchestrated by the company's management and its shadow stakeholders. Allegedly, the Austrian beneficial owner is only a frontman for the Belarussian people.
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Danish crypto service provider Bitinvestor facilitates crypto casino GamdomG
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February 8, 2024

Gamdom’s Regulatory Grey Area Exposed by FinTelegram: A Closer Look at Bitinvestor’s Compliance Challenges.

FinTelegram, in its ongoing efforts to shed light on the complexities of the crypto casino industry, has recently spotlighted the operations of Curacao-licensed crypto casino Gamdom. It has been soliciting players in the EEA without the necessary regulatory approval, accepting payments in a manner that may raise eyebrows among regulatory watchdogs. Bitinvestor is one of the payment facilitators for the crypto casino.
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Crypto payment processor Oobit and its networkC
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February 7, 2024

Crypto Payment Processor Oobit Secures Fresh Funds From Tether and Solana!

Stablecoin issuer Tether, the largest company in the crypto industry, has announced its investment in Singapore-based crypto payment processor Oobit, a mobile payment application. The Series A funding round has concluded with $25 million raised for Oobit's ongoing development, supporting its goal of mainstream cryptocurrency adoption. This aligns with Tether's vision of a financially inclusive world.
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Dama Group and its crypto payment schemeA
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January 28, 2024

Attention: Offshore Casino Operator BitStarza Facilitated by Crypto Payment Processors MoonPay and Changelly!

FinTelegram has pointed out several times that offshore operators of online gambling, casino, and sports betting sites, such as the Dama Group, are increasingly relying on crypto to accept deposits from their clients without having a regulatory permit. In doing so, they use companies they set up in Cyprus as payment agents. The most popular payment facilitators for crypto payments include MoonPay and Changelly. Both facilitate Dama Group's BitStarz.
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Request 4 Information regarding crypto payment processor MoonPayA
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January 28, 2024

Attention: Please Let Us Learn More About MoonPay And Its Compliance Issues!

The crypto payment scheme MoonPay was established in 2019 by Victor Faramond and Ivan Soto-Wright. The company offers a comprehensive solution for converting fiat currencies to cryptocurrencies and vice versa, supporting various payment methods, including debit/credit cards, local bank transfers, and mobile payment options. MoonPay operates in over 160 countries and seems to have compliance issues.
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Garantex founder Sergey MeneleevI
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December 9, 2023

Interesting: Garantex Founder Sergey Mendeleev Launched Crypto Payment Platform Exved!

Russian tech entrepreneur Sergey Mendeleev, known for his involvement in various crypto ventures, has embarked on a new project called Exved. Announced on December 7, 2023, Exved is a Russian firm set to facilitate exchanges between Tether (USDT), rubles, and the dollar, potentially impacting the landscape of digital currency exchanges. Mendeleev is also the co-founder of the sanctioned crypto exchange Garantex.
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