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Both the online casino providers and the payment processors know very well that they are violating the laws and regulations. This is why they set up payment agents in Cyprus, for example, and disguise the recipients of players’ payments as legitimate transactions. The lawyers, tax consultants and company builders in Cyprus make a lot of money with the companies with Curacao licenses and promote the circumvention of laws accordingly.

mondaq.com

Curacao Gaming License & EU-Cyprus Payment Processing Agent: The Ideal Solution - Gaming - Cyprus

The iGaming industry is not just big, but it is still continuously growing. Yearly statistics show that the revenues are climbing...

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