Coinspaid markets itself as a compliant crypto payment provider for the gambling industry, and SoftSwiss proudly integrates such solutions into its platforms. But following high-profile security incidents and ongoing concerns about crypto’s role in illicit finance, the Coinspaid–SoftSwiss connection has come under uncomfortable scrutiny.
Crypto gambling is widely recognized by regulators as a high-risk sector for money laundering, yet enforcement remains fragmented and inconsistent. Coinspaid’s rise within this space has prompted experts to question whether rapid adoption has outpaced effective risk controls. While Coinspaid denies facilitating illegal activity, critics argue that structural weaknesses in crypto payments make abuse not just possible, but predictable.
SoftSwiss, by embedding crypto payment solutions deeply into its casino infrastructure, is accused by observers of outsourcing risk while retaining profits. AML specialists note that when payment processors and platform providers point fingers at each other, illicit flows can move through the cracks with ease.
The issue is not one isolated breach or incident—it is systemic exposure. Anonymous wallets, cross-border transactions, and minimal KYC thresholds form an environment that criminal actors actively seek out. In such a context, claims of compliance ring hollow without radical transparency.
Neither Coinspaid nor SoftSwiss has been convicted of financial crimes. But the lack of public accountability, combined with repeated warnings from regulators about crypto gambling, has left many asking a blunt question: at what point does negligence become complicity?