KYCoin represents an early-generation utility token issued by NUN-TECH SA, a Luxembourg-registered IT services company operating within the Olky Group ecosystem. Launched in 2021 on a private ledger before migrating to the Polygon (Ethereum) blockchain, KYCoin serves as an access token for KYC verification services, payment order routing, and transactions within the Olky Group's network of payment and crypto-asset services.
A UK casino player has lifted the curtain on yet another payment setup sitting in the grey zone between regulated fintech and criminal gambling flows. Her email chain with Olky / Nun-Tech / KYCOIN describes how a Luxembourg-French “web3 payment” structure allegedly bypassed gambling and crypto blocks to send money straight into the wallet of Gamblezen, a Curaçao casino owned by Altacore N.V.