Tag: Koinal

The two crypto payment processors, Koinal and Bitpace were operated by the then FCA-regulated SG Veteris Limited until 2020. This was controlled by FinTech entrepreneur Ozan Ozerk until 2018. Since then, Ozerk's partner, Ahmet Cemal Dedeoglu, has officially been the controlling person. Today, the two crypto payment processors are currently operated by SG Veteris Europe EOOD in Bulgaria and SG Veteris Lithuania UAB in Lithuania. Most of the business is apparently likely to be done in Turkey.

StormGain (www.stormgain.com) is an unregulated crypto trading platform operated by the offshore entity Stormgain LLC in St. Vincent and the Grenadines. Currently, StormGain does not hold a license in any regulatory regime as a broker, investment firm, or financial services provider. Like Kraken, BitStamp, or other crypto brokers, StormGain lets you trade a range of crypto pairs. Partners of StormGain include Israel's Bits of Gold, Koinal, or Simplex. In December 2019, the Spanish regulator CNMV issued a warning against StormGain.