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Tag: Paysafe

July 28, 2024

Review: Former Rabidi Scheme Zet Casino Continues to Operate with Cyprus-Based Payment Agent!

Zet Casino is one of the former brands of the bankrupt operator Rabidi N.V. It's currently operated by Liernin Enterprises Ltd, registered in the Marshall Islands, and the payment agent Mirata Services Ltd, registered in Cyprus. Zet Casino has an offshore license in the Philippines, which is not accepted in the EEA regions. Nevertheless, players from the EEA regions and the UK are accepted without any problems and can make deposits. Here is our review.

July 12, 2024

Review Update: B90 Holdings and its Spinbookie Continue Their Illegal Gambling Approach!

In April 2024, we conducted an initial review of the online gambling platform Spinbookie, which resulted in its placement on our Red Compliance list. Since then, we have delved deeper into this platform's background and uncovered significant concerns regarding its ownership and operational transparency. Our findings necessitate a thorough and scrutinizing update to our initial review.

February 13, 2024

Offshore Casino & Gambling Operator NewEra Facilitated By Revolut and WLPay!

As part of our analysis of payment facilitators in the high-risk segment of online casinos and gambling providers, we have already reported on the Curacao licensed provider NewEra. Like many other offshore casinos, it also operates via a payment agent in Cyprus. One of the payment facilitators for the NewEra casinos is the FinTech unicorn Revolut, through which players from jurisdictions in which NewEra does not have a license can make deposits.

February 5, 2024

Offshore Casino & Gambling Operator NewEra And Its Payment Facilitators!

The NewEra Group is another online casino and gambling operator that operates with a license in Curacao and a payment agent in Cyprus. Although NewEra does not have a license in Europe or North America, it attracts customers and their deposits from these regulatory regimes. Revolut, Binance Pay and MiFinity appear to be the most important payment facilitators. Binance Pay is offered at all NewEra casinos.

Crypto

October 22, 2023

Attention: Binance Terminates Visa Debit Card With 20 December 2023 And Loses Ground To Coinbase!

Binance currently seems to be backing off one step at a time, opening up space for its competitors. While Coinbase recently announced European expansion with a MiCA license in Europe, Binance seems to be losing balance in Europe and the U.S. In an email, Binance customers in Europe were notified that their Visa debit card would only work until Dec. 20, 2023. Solaris Group is discontinuing Visa Debit card support for Binance.

Crypto

August 22, 2023

Binance Limits SEPA Withdrawals For European Clients!

Reports have emerged regarding an abrupt suspension of Single Euro Payments Area (SEPA) transfers for EUR payments by Binance users. This suspension occurred approximately one month earlier than the initially communicated deadline. According to Binance's customer support on X, SEPA transfers for EUR payments are currently on hold. Nevertheless, the support team reassured users that this service would remain available until September 25, 2023.

Crypto

June 29, 2023

Binance Loses European Bank Partner Paysafe But FIAT Services Remain Unaffected!

Paysafe Payment Solutions, the European banking partner of Binance, announced on Thursday that it will no longer offer its embedded wallet solution to the U.S. cryptocurre exchange across the European Economic Area (EEA) starting from September 25th. Binance confirmed the development, saying that Paysafe will no longer be providing EUR deposits and withdrawals via Bank Transfer (SEPA) to Binance users from September 25, 2023.

March 14, 2023

Binance Partner Paysafe Stops FIAT Deposits For The Crypto Exchange Due To Regulatory Issues!

Binance, the world's largest crypto exchange with 128 million users, had to stop its GBP deposits and withdrawals. This comes a month after the world's largest crypto exchange ceased dollar transfers. This is because, Binance's partner for GBP deposits, FCA-regulated Paysafe, decided to stop offering Binance customers its embedded wallet solution in the UK in a move it blamed on complex regulation.

September 5, 2022

NYSE-Listed Paysafe Appoint Alex Gersh As New CFO!

The NYSE-listed payment processor Paysafe Ltd announced that it appointed Alex Gersh (LinkedIn) as its new CFO. Gersh joins the company on October 3, 2022, and will report to Paysafe CEO Bruce Lowthers. Gersh joins Paysafe from Nasdaq-listed Sportradar, the leading global sports technology company. He has a record of over 25 years in the financial services segment and previously held CFO positions in public and private organizations. Gersh, holding dual citizenship in UK and US, replaces former CFO Izzy Dawood, who leaves the company later in the year.

March 11, 2022

Regulatory concerns! The UK FCA really does not like crypto giant Binance!

Early this week, the UK Financial Conduct Authority (FCA) said that it would be aware of the announcement made by the Eqonex Group and the Binance Group confirming that an entity called Bifinity UAB will advance a US$36 million convertible loan to Nasdaq-listed crypto exchange Eqonex. Bifinity has acquired some specific contractual rights over Eqonex Limited through this loan. The Lithuanian Bifinity is the official fiat-to-crypto payments provider for the Binance Group launched on 7 March 2022.

March 4, 2022

Binance partner Paysafe presents strong Q4 2021 results!

Most recently, public-listed payment processor Paysafe trading as Paysafe, NETELLER, Skrill, and Rapid Transfer attracted attention through its partnership with the world's leading crypto exchange Binance. The company is expecting strong growth in high-risk segments such as crypto, financial services, travel, or iGaming. Through the partnership with Paysafe, Binance has access to the UK FPS system, which the FCA is concerned about. Paysafe stocks gained more than 17% following its fourth-quarter earnings, which beat analyst expectations.

February 16, 2022

No surprise! UK regulator concerned about the Binance deal with Paysafe!

According to a report in Financial Times, the UK Financial Conduct Authority (FCA) has said it is concerned about a deal to give Binance, one of the world's biggest crypto exchanges, access to the UK's Faster Payment Service. A few months ago, the regulator warned that Binance would pose a "significant risk" to consumers. Binance informed its users that they could now deposit fiat funds via the Faster Payment after it reached an agreement with regulated payments group Paysafe.

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.

Bitcoin Hits $100,000: A Historic Milestone Amid Regulatory Optimism and Dawning CyberFinance!

Bitcoin reaches an all-time high of $100,000, fueled by optimism surrounding the appointment of Paul Atkins as the new SEC Chair under Donald Trump. Analysts weigh in on the milestone and predict further bullish trends in the crypto sector. The crypto market is currently being driven by the broad support of the US tech elite, which has gained new power with Trump.

Trump Names Paul Atkins as SEC Chair: A Crypto Game-Changer?

The U.S. President-elect Donald Trump officially nominates pro-crypto libertarian Paul Atkins as SEC Chair, signaling a shift toward crypto-friendly regulation and innovation. The pro-crypto nomination was a campaign promise made by Trump where he vowed to get rid of Gary Gensler. According to X posts, Atkins already confirmed that he will accept the nomination.

Operation Destabilise: NCA Cracks Billion-Dollar Russian Money Laundering Rings

The National Crime Agency (NCA) in the UK announced a successful law enforcement action: "Operation Destabilise" has disrupted Russian-speaking money laundering networks tied to drugs, ransomware, espionage, and sanctions evasion. With 84 arrests and £20M seized, the operation targeted two key networks, Smart and TGR, exposing a global nexus of organized crime and cybercriminals.

Former EU Justice Chief Didier Reynders: A Justice Defender or Enabler of Corruption?

Allegations of money laundering, corruption, and abuse of power are swirling around Didier Reynders, the former EU Commissioner for Justice and a key figure in Ursula von der Leyen’s European Commission. Reports suggest Reynders may have facilitated illegal transactions during his tenure, raising urgent questions about his integrity and the EU's commitment to fighting corruption.