Tag: Frederic Hubin

FinTelegram has reviewed a regulatory notification concerning apparently continued crypto-payment processing through Dream Finance OÜ / CoinsPaid / CryptoProcessing at Estonian retailer Arvutitark after the 1 July 2026 MiCA deadline. Dream Finance says its CASP application remains pending and activities are restricted. The core question for Estonia’s supervisor is now clear: orderly wind-down — or business as usual?

CoinsPaid represents one of the most concerning cases in the crypto payment processing sector, where significant market presence masks extensive compliance violations and potential criminal activity. Operating as the self-proclaimed "#1 crypto payment gateway for iGaming," the Estonia-licensed company processes over €3 billion annually.

A few hours ago, the former CoinsPaid executive Frederic Hubin accused the Estonian-based crypto payment processor CoinsPaid of fraudulent activities in a LinkedIn post directed at the Estonian FIU. As an insider, Hubin’s claims add significant weight to ongoing concerns surrounding CoinsPaid and its affiliated entities, including their ties to SoftSwiss and Austrian-registered A.R. Merkeleon GmbH.