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Tag: Olky Payment Service Provider

KYCoin Compliance Report: Utility Token Scheme Operating Through Luxembourg-Based Olky Group Raises Regulatory Questions

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.

Starscream Casinos: Offshore Casino Operator, Potential Regulatory Evasion, Payment Facilitators, and More Cyprus Connections!

Online casinos are easily transferable digital assets. The transfer of Gammix Ltd's casinos to offshore operator Starscream Ltd raises serious questions about the continued illegal gambling activities in Europe. Despite massive penalties from the Dutch regulator KSA, Gammix appears to have simply shifted its operations offshore, where it continues to flout regulatory oversight facilitated by regulated payment processors.

Review: Offshore Online Casino Operator Starscream and its Payment Facilitators

As part of our “Follow the Money” research strategy, we look at online casino and gambling schemes and analyze the facilitating payment processors. We often discover FinTechs such as Revolut, MoonPay or Binance Pay, but also many open banking service providers such as Noda. We also discovered a number of facilitating payment processors at the online casinos of the Starscream Group in addition to illegal activities. Here is our review.