In a striking turn of events, the virtual currency service provider, Miracle Cash&More, has come under intense scrutiny following a detailed financial investigation. The company, which previously operated under an EU Authorized Financial Institution license, has seen its permission to operate revoked, raising serious questions about its future and the legality of its past operations.
The investigation uncovered that Miracle Cash&More’s banking license was linked to an Estonian company, Ofinans OÜ. Notably, this company’s domain, ofinans.com, now redirects to Miracle Cash’s website, signaling a close connection between the two entities. However, in an alarming development, the Ofinans OÜ’s virtual currency wallet service has been declared invalid by the Money Laundering Bureau as of November 11, 2021.
Adding to the controversy, the once-available Miracle Cash&More iPhone app has mysteriously disappeared from the Apple store, leading to speculation that it may have been banned following these revelations.
The gravity of the situation is further underscored by the suspension of their license number FVT000438. This action, taken under international sanction number 14842406, marks a significant blow to the company’s credibility and operational capacity.
For those seeking more detailed information on these developments, the Money Laundering Data Bureau’s website at FIU.ee offers comprehensive insights and updates. This case serves as a stark reminder of the importance of regulatory compliance in the increasingly scrutinized world of virtual currencies and financial technology.
The author also notes that the license numbers on the Google Play store match the license numbers of the license that was revoked on the Money Laundering Data Bureau page. Apple appears to have already moved this app from their store, however Google still has it active on their store, for now.
Users can research more information at the links below:
Money Laundering Data Bureau . search the page for Ofinans
Miracle Cash&More iPhone app – The app description references Ofinans as being the developer
Ofinans OÜ facebook page. Note that their listed website ofinans.com redirects to miraclecash.com
Pages that reference revoked license number: FVT000438
Pages below link Ofinans and Miracle Cash&More
Google Play Store Link showing license number FVT000438 : Android Apps by Ofinans App on Google Play
Ofinans Linkedin Page references it’s miracle cash stores
Google Play store references Ofinans
The Miracle Technologies Group provides blockchain solutions worldwide.
Ofinans was founded in 2019 in Estonia and provides the purchase and sale of crypto currencies.
In addition, Ofinans collaborates with the world’s largest technology, cybersecurity and payment services companies and insurance companies on research and development of new financial technologies.
In addition to the Netherlands, the company has various branches worldwide.
After the Kalverstraat, several locations will follow in the long term.
B&O Retail represented the landlord in this transaction.
2 responses to “Miracle Cash&More affiliated Ofinans OÜ license banned by the Money Laundering Bureau”
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