U.K. Sanctions Cryptomus for RU Money Laundering

18 pointsposted 11 hours ago
by Bender

4 Comments

ITAltitudes

4 hours ago

See how sanctions developments can affect cryptocurrency services. It also shows the importance of keeping sanctions data accurate and up to date

flourish_dev

9 hours ago

I've used Cryptomus for checkout. It was a terrible experience compared to other crypto payment processors like BTCPay. It has tons of trackers and fingerprinting and makes you wait for all the confirmations.

tarpitt

9 hours ago

at least they both accept xmr. I've seen services that only want me to "connect your Coinbase/Metamask wallet" or whatever.

It's like custodial-to-custodial crypto is being normalized end-to-end, which is insane. At that point you have just reinvented the conventional banking system with extra steps.

but I think the advantage of cryptomus is that they have some sort of debit card or something that automaticially exchanges crypto->fiat whenever you make a purchase. Don't know because i'm not in europe.

flourish_dev

9 hours ago

Yeah, I do believe crypto has little usecase besides XMR. Coincidentally it's doing really well while the rest of crypto is in a bear market (I think). It's the only real crypto where everyone cares about using it instead of mainly the price.