Crypto Payment Processor CryptoProcessing And Its Russian-Focused Client Pokerdom!
Pokerdom is an online gambling site specializing in Russia and Belarus. According to Similarweb statistics, around 90% of visitors to their different websites in the last 28 days came from these two countries affected by the Western sanctions. The Austrian-controlled crypto payment processor CryptoProcessing, operating via an Estonian crypto license, is the crypto payment processor for Pokerdom.
Deposits on Pokerdom can be made via the Russian payment processor Piastrix, or via cryptocurrencies which are processed via CryptoProcessing (by CoinsPaid). The Pokerdom website (https://bcw7pokerdom.com) recorded some 181,000 visitors over the last 28 days. Almost 90% of them came from Russia.
In our Pokerdom review of 11 May 2023, we could have made deposits of up to €9,990 per transaction without KYC verification by Pokerdom or CryptoProcessing. We also did not find any restriction on the number of transactions.
We also did not find any information about the operators and their license on Pokerdom‘s website. Apparently, there is no license for the activity in Europe. Nevertheless, it was easy to register and deposit at Pokerdom as an EEA or UK resident.
The Dream Finance Group
CryptoProcessing and CoinsPaid are the trading names of the Estonian-licensed Dream Finance OÜ whose beneficial owner is the Austrian Alexander Horst Riedinger. The director is Ukrainian Maksym “Max” Krupyshev, who allegedly lives in Berlin, Germany.
According to the information in the company register, Dream Finance has a share capital of €5 million and is thus incredibly well positioned financially. The money apparently comes from the Austrian owner, who holds 100% of the shares.
According to available information, Dream Finance group is said to have its HQ in Estonia, where 8 employees work in a 700m2 office. The Dream Finance group also has legal entities in Lithuania (Dream Finance UAB) and El Salvador (Dream Finance S.A.).
According to a press release from March 2023, CryptoProcessing is the “largest crypto payment system” that would have experienced tremendous growth over the past few years. The press release fails to give specific figures, but points out that Estonian accounting firm Crowe DNW Ltd would have confirmed the 2021 financial statements.
Read FinTelegram reports on Dream Finance here.
Apparently, the growth rates of the Dream Finance group are mainly coming from the high-risk sector, in particular with online casinos and betting sites. Among them are also companies that are focused on the Russian market.
We do not know why Dream Finance still services these Russian-based or Russian-focused companies despite the existing Western sanctions, we do not know.
Pokerdom is an online gambling site specializing in Russia and Belarus. According to Similarweb statistics, around 90% of visitors to their different websites in the last 28 days came from these two countries affected by the Western sanctions. The Austrian-controlled crypto payment processor CryptoProcessing, operating via an Estonian crypto license, is the crypto payment processor for Pokerdom.
Deposits on Pokerdom can be made via the Russian payment processor Piastrix, or via cryptocurrencies which are processed via CryptoProcessing (by CoinsPaid). The Pokerdom website (https://bcw7pokerdom.com) recorded some 181,000 visitors over the last 28 days. Almost 90% of them came from Russia.
In our Pokerdom review of 11 May 2023, we could have made deposits of up to €9,990 per transaction without KYC verification by Pokerdom or CryptoProcessing. We also did not find any restriction on the number of transactions.
We also did not find any information about the operators and their license on Pokerdom‘s website. Apparently, there is no license for the activity in Europe. Nevertheless, it was easy to register and deposit at Pokerdom as an EEA or UK resident.
The Dream Finance Group
CryptoProcessing and CoinsPaid are the trading names of the Estonian-licensed Dream Finance OÜ whose beneficial owner is the Austrian Alexander Horst Riedinger. The director is Ukrainian Maksym “Max” Krupyshev, who allegedly lives in Berlin, Germany.
According to the information in the company register, Dream Finance has a share capital of €5 million and is thus incredibly well positioned financially. The money apparently comes from the Austrian owner, who holds 100% of the shares.
According to available information, Dream Finance group is said to have its HQ in Estonia, where 8 employees work in a 700m2 office. The Dream Finance group also has legal entities in Lithuania (Dream Finance UAB) and El Salvador (Dream Finance S.A.).
According to a press release from March 2023, CryptoProcessing is the “largest crypto payment system” that would have experienced tremendous growth over the past few years. The press release fails to give specific figures, but points out that Estonian accounting firm Crowe DNW Ltd would have confirmed the 2021 financial statements.
Read FinTelegram reports on Dream Finance here.
Apparently, the growth rates of the Dream Finance group are mainly coming from the high-risk sector, in particular with online casinos and betting sites. Among them are also companies that are focused on the Russian market.
We do not know why Dream Finance still services these Russian-based or Russian-focused companies despite the existing Western sanctions, we do not know.
Share Information
If you have any information about Dream Finance, its operators, and its partners, please let us know via our whistleblower system, Whistle42.
