Content for cryptocurrency exchange businesses (CEX/OTC/market makers) serving or intersecting with high-risk verticals. We cover fiat on/off-ramps, cards/APMs and open-banking deposits, payout rails, volatility management (auto-conversion, treasury), AML/KYC/KYB & KYT, sanctions screening, the Travel Rule, fraud controls, dispute/refund logic vs cards, and licensing/registration paths (EU MiCA/CASP, UK FCA, US MSB/FinCEN, plus APAC frameworks). Also: banking/EMI partnerships, safeguarding, reconciliation, reporting, and payment orchestration to lift approval rates while staying compliant.
Suggested outbound resources for Cryptocurrency Exchange:
FATF — Virtual assets & VASPs (incl. Travel Rule)
ESMA / European Commission — MiCA for CASPs
FinCEN (US) — Convertible virtual currency & MSB guidance
UK FCA — Cryptoasset AML registration regime
EU TFR — Regulation (EU) 2023/1113 (crypto Travel Rule)
OFAC — Sanctions compliance in virtual currency
In the high-risk world of iGaming, betting, dating services, crypto exchanges, and other similar industries, having backup payment providers is not a luxury – it’s a necessity. This article explores why multiple payment channels matter, how many providers you should have, and how to onboard them strategically without overwhelming your resources.
Industries such as online casinos, dating platforms, and Forex trading often face significant payment challenges. Banks and traditional payment processors typically impose strict rules, high fees, or even complete bans, especially under codes like MCC 7995 for gambling, MCC 7994 for dating services, and MCC 6211 for securities brokers and Forex. These obstacles can slow business growth and lead to customer dissatisfaction. However, high-risk payment solutions using cryptocurrencies, top-ups, and e-wallets offer a way to avoid these strict regulations, ensuring faster, private, and cost-effective transactions. This article will explore how these tools can benefit your business and why professional consulting might be crucial.
Benefits of Additional Reserve Banking Accounts for High-Risk Businesses For high-risk businesses, maintaining additional or backup banking accounts or IBANs
