Topic created on 09th Feb. 2023 | Page: 7 of 52 | Answers: 777 | Views: 134,905
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Forum posts:928The member deleted himself on06.02.2024
MuchBetter service interruption
12th Feb. 2023, at 06:20 am CET#91
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Xestery wrote on 12.02.2023 at 05:36: Unfortunately the same for me. Yesterday I wanted to withdraw as usual in Amok Casino on MuchBetter, but was canceled three times. When asked, the casino support told me that there are currently technical problems.
I also have a pending withdrawal of 900 euros from Muchbetter to my bank account. Let's hope that at least the still goes through.
Registered to share some new information, e-mail I received:
We have decided to impose restrictions in the relevant regions but other areas remain unaffected.
Unfortunately, we are unable to provide details now, but we are working with the Bank of Lithuania to understand the nature and details of their concerns and assist as needed.
At MuchBetter; we take our compliance and security responsibilities very seriously, in all areas of the business where we operate. However, we believe this is a precautionary measure and, in the meantime, we’ve begun an internal review based upon the limited information we have.
Unfortunately we are unable to provide an estimated time for a resolution and we don’t want to speculate on how long this review will take but we are doing our best and collaborating to have a satisfactory update for our customers as soon as possible.
Once we have any updates, we will communicate it to our affected customers.
Thank you very much for your patience and understanding and please, accept our apologies for any inconvenience this may cause you.
Regards,
______
I'll let you guys speculate what it means as I have no immediate thoughts, just posting in case it helps someone.
I signed up to share some new information I received via email:
We have decided to impose restrictions in the regions in question, but other areas will remain unaffected.
Unfortunately, we cannot provide details at this time, but we are working with the Bank of Lithuania to understand the nature and details of their concerns and to assist as needed.
At MuchBetter, we take our responsibility for compliance and security in all areas of our business very seriously. However, we consider this to be a precautionary measure and in the meantime have initiated an internal review based on the information we have received.
Unfortunately, we cannot provide a timeframe for resolution and we do not wish to speculate on how long this review will take, but we are doing our best and working together to provide a satisfactory update to our customers as soon as possible.
Once we have an update, we will communicate it to our affected customers.
We thank you for your patience and understanding and apologize for any inconvenience this may cause.
Yours sincerely,
______
I'll leave you to speculate as to what this means, as I have no immediate idea, I'm just posting it in case it helps anyone.
I wonder if this is really the truth. I mean before everything was working,i.e. Muchbetter would have to have certain license. Since now suddenly only in EWR regions should not be allowed, one could speculate now that Muchbetter would have no license for it or was withdrawn.
Or they have bought too many FTX Tocken and are also broke xD
Hello. I can see that you are very much wondering what is actually going on. Translated article:
The activities of Payrnet company have been restricted: gross violations have been identified, money laundering is suspected.
Before the Bank of Lithuania has completed the inspection of the electronic money institution Payrnet, it is suspected that the company is grossly and systematically violating the Law on the Prevention of Money Laundering and Terrorist Financing, according to a press release.
After assessing the nature of the possible violations, the central bank applied to the court and, after receiving its permission, obliged the institution "Payrnet" temporarily, until an inspection is carried out and a decision of the Bank of Lithuania is made regarding the suspected violation, not to establish business relations with new clients, as well as with intermediaries and persons, distributing and/or redeeming electronic money of this institution. It was also ordered to stop the provision of services through the institution's intermediary company MIR LITHUANIA.
KashikoX7 wrote on 02/12/2023 at 11:02: Hi. I can see that you are wondering a lot what is actually going on. Translated article:
The activities of the company Payrnet have been restricted: gross violations have been detected, there is a suspicion of money laundering.
Before the Bank of Lithuania completed its review of the electronic money institution Payrnet, the company is suspected of gross and systematic violations of the Law on Prevention of Money Laundering and Terrorist Financing, according to a press release.
After examining the nature of the possible violations, the Central Bank turned to the court and, after its approval, temporarily obliged the institution "Payrnet" not to establish business relations with new customers, as well as with intermediaries and persons distributing and/or redeeming electronic money of this institution, until an audit was conducted and a decision of the Bank of Lithuania on the alleged violation was made. It was also ordered to stop providing services through the intermediary company MIR LITHUANIA.
Source: lrytas.lt
Ok that is the explanation MuchBetter is clear to ME so
I think that was it with MuchBetter and the German regulators are rubbing their hands again, one less wallet with which you can get money past your checking account and you could easily Deposit and withdraw at non-restricted MGA casinos. How much coal evtl lose the casinos thereby? d Let's see when it hits Skrill and PSC.
hustlehoff wrote on 12.02.2023 at 12:00 pm: Think that was it with MuchBetter and the German regulierungsfutzis rub their hands again, one less wallet with which you can get money past your checking account and you could easily Deposit and withdraw at non-restricted MGA casinos. How much coal evtl lose the casinos thereby? d Let's see when it hits Skrill and PSC.
Well the Gammix casinos fall away with it have mostly no Skrill so I can not play at Woopwin and Loco even if I would want now zb
Think PSC regulates this internally they do not have other companies where this could affect and Muchbetter is still its own brand I think if they get out of the Payrnet company it can still be something
The question is only how high the damage will be if the audit ends negatively for the company
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B****e
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Forum posts:928The member deleted himself on06.02.2024
MuchBetter service interruption
12th Feb. 2023, at 12:25 pm CET#98
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gamble1 wrote on 12.02.2023 at 12:17 pm:
Well the Gammix Casinos fall away with it have mostly no Skrill thus I can not play at Woopwin and Loco even if I would want now zb
Think PSC regulates this internally they do not have other companies where this could affect and MuchBetter is still its own brand I think if they get out of the Payrnet company can still be what
The question is only how high the damage will be if the audit ends negatively for the company
And do you still get your money? Or is that frozen?
gamble1 wrote on 12.02.2023 at 12:17 pm:
Well the Gammix Casinos fall away with it have mostly no Skrill thus I can not play at Woopwin and Loco even if I would want now zb
Think PSC regulates this internally they do not have other companies where this could affect and MuchBetter is still its own brand I think if they get out of the Payrnet company can still be what
The question is only how high will be the damage if the audit ends negatively for the company
pay out to psc & then from psc to skrill..some fees but better than to the account...
cash out to psc & then from psc to skrill..some fees but better than to account....
Or you can get an IBAN & Card debit card from Paysafecard. Then you can also push the money directly from the Mypaysafecard account to the card and withdraw.
Or you can get an IBAN & Card debit card from Paysafecard. Then you can also push the money directly from the Mypaysafecard account to the card and withdraw.
I think that is not offered for people in Germany or that does not work
MuchBetter service interruption
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I hope so too, or rather I wish for it
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MuchBetter service interruption
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Registered to share some new information, e-mail I received:
We have decided to impose restrictions in the relevant regions but other areas remain unaffected.
Unfortunately, we are unable to provide details now, but we are working with the Bank of Lithuania to understand the nature and details of their concerns and assist as needed.
At MuchBetter; we take our compliance and security responsibilities very seriously, in all areas of the business where we operate. However, we believe this is a precautionary measure and, in the meantime, we’ve begun an internal review based upon the limited information we have.
Unfortunately we are unable to provide an estimated time for a resolution and we don’t want to speculate on how long this review will take but we are doing our best and collaborating to have a satisfactory update for our customers as soon as possible.
Once we have any updates, we will communicate it to our affected customers.
Thank you very much for your patience and understanding and please, accept our apologies for any inconvenience this may cause you.
Regards,
______
I'll let you guys speculate what it means as I have no immediate thoughts, just posting in case it helps someone.
MuchBetter service interruption
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I wonder if this is really the truth. I mean before everything was working,i.e. Muchbetter would have to have certain license. Since now suddenly only in EWR regions should not be allowed, one could speculate now that Muchbetter would have no license for it or was withdrawn.
Or they have bought too many FTX Tocken and are also broke xD
This post has been translated automatically
MuchBetter service interruption
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The activities of Payrnet company have been restricted: gross violations have been identified, money laundering is suspected.
Before the Bank of Lithuania has completed the inspection of the electronic money institution Payrnet, it is suspected that the company is grossly and systematically violating the Law on the Prevention of Money Laundering and Terrorist Financing, according to a press release.
After assessing the nature of the possible violations, the central bank applied to the court and, after receiving its permission, obliged the institution "Payrnet" temporarily, until an inspection is carried out and a decision of the Bank of Lithuania is made regarding the suspected violation, not to establish business relations with new clients, as well as with intermediaries and persons, distributing and/or redeeming electronic money of this institution. It was also ordered to stop the provision of services through the institution's intermediary company MIR LITHUANIA.
Source: lrytas.lt
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Ok that is the explanation MuchBetter is clear to ME so
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Well the Gammix casinos fall away with it have mostly no Skrill so I can not play at Woopwin and Loco even if I would want now zb
Think PSC regulates this internally they do not have other companies where this could affect and Muchbetter is still its own brand I think if they get out of the Payrnet company it can still be something
The question is only how high the damage will be if the audit ends negatively for the company
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And do you still get your money? Or is that frozen?
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This is not clear from the report but since I still got my money and the report is believed already from 06 or 09.02 I think that is still executed
Would also be bad if the customers would have to pay when a company shit builds
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pay out to psc & then from psc to skrill..some fees but better than to the account...
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Or you can get an IBAN & Card debit card from Paysafecard. Then you can also push the money directly from the Mypaysafecard account to the card and withdraw.
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I think that is not offered for people in Germany or that does not work
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You can try Jeton. With it you can Deposit and withdraw in casinos with Mga and Curacao license
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Deposit and withdrawal via crypto possible?
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