Tag: Estonia

FinTelegram’s MiCA/MiFID-II Perimeter Radar examines Dream Finance OÜ, the Estonian operator behind CoinsPaid and CryptoProcessing. The group says its MiCA CASP application remains under review and that active activities have been restricted — but the CoinsPaid disclosure gap raises fresh compliance questions.

FinTelegram has received a whistleblower report and a Visa complaint indicating that deposits to the high‑risk online casino Legionbet were routed through Estonian company NovaArcade OÜ under a non‑gambling merchant category code (MCC). We are calling on players, industry insiders, and payment professionals to provide additional documentation and intelligence to determine NovaArcade’s actual role as payment agent or registered merchant in this potentially illegal transaction‑laundering setup.

Estonia is a member of the EU. This means that Estonian companies and financial service providers have free access...