U.K. Sanctions Cryptomus for RU Money Laundering

krebsonsecurity.com

22 pointsBender4 comments

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.

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.

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.

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

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