The former Chief Executive Officer of MoneyPolo and Mayzus Financial Services Ltd, Nikolay Rozhok, has begun a new venture – XIXOIO. According to LinkedIn, Rozhok who co-founded the company has been appointed as its CEO this month.
XIXOIO was founded last year and is based in the . On the firm’s LinkedIn profile, it says the company aims to create an ecosystem for assets, banking and fintech solutions on blockchain.
Specifically, it says: “Our aim is to build and nurture a new financial ecosystem to fulfil the needs of clients from various industries, including established, real-world businesses and the financial sector.”
“For that purpose, we are building a modular platform including solutions such as financing, crypto-fiat gateways, legal, compliance, consulting and custody.”
The past Endeavours of Nikolay Rozhok
Rozhok was the CEO at MoneyPolo, which is owned by Mayzus Financial Services Ltd, up until March this year. The company provides alternative corporate and individual banking solutions. These range from products such as Multi-Currency Accounts, Wire Transfers, Prepaid Cards, and Forex Exchange Services.
Source: LinkedIn
Last year, Azerbaijan’s Financial Market Supervisory Authority (FIMSA) said that MoneyPolo was operating in the country without the proper authority and had the “potential for being used a money laundering and terrorism financing tool.” As a result, all and Azerpost LLC were ordered to cease any relationships with the company.
was also caught up in the scandal and was accused of being linked with the Bitcoin exchange. However, the owner of the company, Sergey Mayzus issued a public statement in August of last year stating that neither he nor his companies OKPAY CY LTD and MAYZUS Financial Services Ltd. were associated with BTC-e.
Specifically, he said: “MAYZUS Financial Services Ltd. might have had among its clients, through the services of MoneyPolo and OKPAY, legal entities who could be operators of the BTC-E exchange, or private persons who could be owners or employees of the BTC-E exchange, however, all accounts of legal entities or individuals whom we considered as possibly related to the BTC-E exchange, are blocked, which was properly reported to the financial regulatory authorities. In addition, information about these individuals and legal entities was forwarded to the law-enforcement agencies of Great Britain.”
Moneypolo Alerts Its Clients to Scam
The company’s troubles don’t end there. Earlier this week, MoneyPolo released a statement for its clients, warning them against making investments with Originalcrypto and affiliated companies Bali Limited LTD and UPC Consulting, which were falsely claiming to be business partners with Mayzus.
The announcement said: “We strongly recommend not investing in companies that provide false information about the partnership. We would also like to remind our customers that Mayzus Financial Services is a provider of payment services. The company does not provide investment or other financial services and does not have any partnership or affiliation agreements with binary options and forex companies.”
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