Cryptocurrency
Galaxy Racer invests US$25 million in revolutionary cryptocurrency ecosystem, QUINT
Galaxy Racer (GXR), a transmedia powerhouse focused on esports, content creators, music and sports, headquartered in Dubai, is excited to reveal its partnership with, and investment in, the Quint ecosystem’s flagship token, QUINT. Galaxy Racer has invested US$25 million into QUINT, making it the first esports and lifestyle organisation to invest a significant sum into a cryptocurrency ecosystem, as opposed to using it to raise funds. The partnership will also see the cryptocurrency company become the esports organisation’s ‘Native Ecosystem Token Partner’.
The esports industry has recently seen a considerable rise in cryptocurrency partnerships, the majority of which only include category exclusivity, branded segments, and media placements. In an industry first, Galaxy Racer’s pioneering investment in QUINT will see the token incorporated into the esports and lifestyle organisation’s existing ecosystem by utilising its technology to support future initiatives and infrastructure development. The partnership will also see Galaxy Racer amplify and support QUINT in furthering its cryptocurrency ecosystem.
Galaxy Racer will integrate QUINT into its website’s payment system and explore ways the token can be used across the organisation’s esports tournaments, events and merchandising divisions. Looking ahead, the companies will work together to create an educational content series for Galaxy Racer’s global fanbase and the wider esports community around cryptocurrency and web3.
Quint is the first of its kind ecosystem that bridges the metaverse with the real world, developing a real-world utility to accelerate adoption and investor uptake. Investors are rewarded with real-world benefits through innovative super-staking pools that offer in-life perks, luxury raffle awards including Bored Ape NFTs and limited-edition Hublot Big Bang timepieces, and fractional ownership of high-yield real-world assets — along with class-leading crypto returns accelerated through built-in auto-compounding.
Commissioned by a team of investors who wanted to overcome the limitations of traditional crypto ventures while furthering the mass-adoption aims of the UAE Blockchain Strategy 2050, Quint is headed by industry veteran entrepreneurs, businesspeople, and investors. Quint’s CEO & Managing Partner Rahul Chaudhary is the Managing Director of CG Corp Global, Nepal’s only multi-billion-dollar multinational conglomerate comprising over 160 companies and 123 brands in over 35 countries. The Chief Operating Officer of Etihad Aviation, Mohammed Al Bulooki, has recently joined as the Chairman of Quint’s Board of Directors.
Apart from super-staking pools, the Quint ecosystem comprises a Boutique NFT Marketplace that connects creators with collectors, a Merchandise Shop for Quint-branded apparel and accessories, and an esports element accelerated by the GXR partnership. $Quint, the BSC token underpinning the ecosystem, will also be bridging onto other networks like ETH, FTM, Solana and Avalanche in the near future.
Founded in 2019, Galaxy Racer has five separate business offerings; content creators, esports teams, tournament management, merchandising, lifestyle and its own record label, GXR Records. The organisation has an existing global footprint of over 500+ million followers worldwide, and more than 100+ content creators generating over 2.5 billion monthly views.
Founder and CEO of Galaxy Racer, Paul Roy commented: “We are thrilled to announce our investment and partnership with The Quint Ecosystem’s revolutionary token, QUINT. For years we have been approached by many cryptocurrency companies, coins and projects all hoping to partner with us as we continue to grow and expand globally. However, it was our main priority to make sure we took our time to study the ecosystem to ensure we partnered with the best project for our community and investors. We wanted to invest and partner with a company that had an industry-leading team and technology behind them – which we strongly believe is The Quint Ecosystem.
“The opportunity to offer our global fanbase to learn about the cryptocurrency ecosystem and interact with the technology in a way that has never been done before within the esports industry, is something we are very excited about. We look forward to sharing some exciting announcements soon!”
The Quint Ecosystem CEO & Managing Partner, Rahul Chaudhary comments: “Quint is thrilled to partner with Transmedia powerhouse and Middle Eastern esports pioneer Galaxy Racer. Our entire roadmap is predicated on linking the virtual and real worlds while creating value for diverse communities, including the global esports audience. Since launch, the QUINT token has posted exceptional returns powered by real-world conviction from investors, global community interest and uptake, rigorous audits, full transparency, and a utility framework bolstered by exceptional partnerships, including the one with transmedia powerhouse GXR. We look forward to this partnership creating incredible value for both parties, and our global communities.”
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BC.GAME
BC.GAME Wins “Best Crypto Casino” at SiGMA Central Europe Awards 2025
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Global crypto entertainment brand BC.GAME has been named “Best Crypto Casino 2025” at the SiGMA Central Europe B2C Awards, held this year in Rome. The result has been published via SiGMA’s official channels and industry media, with BC.GAME listed among the winners in the cryptocasino operator category.
As part of the SiGMA Central Europe 2025 event in early November, the B2C Awards focused on operators that have shown notable performance in online entertainment and sports betting over the past year. The “Best CryptoCasino 2025” category is specifically dedicated to platforms built around crypto assets as a core feature of their offering.
According to award-related communications and public review sources, BC.GAME’s recognition is linked to its integration of crypto payments, multi-vertical product line-up and ongoing development in Web3-oriented use cases. Several third-party reviews have highlighted BC.GAME as a representative example of a platform that supports multiple cryptocurrencies, combines casino and sports content, and designs features with on-chain users in mind.
BC.GAME noted that the award serves as a form of interim feedback on the platform’s long-term commitment to the crypto segment. The company plans to continue improving the user experience around crypto payments, cross-device product performance and content operations, while expanding sports and esports-related partnerships in markets where such activities are permitted by local regulation.
As a crypto-native operator, BC.GAME incorporates mechanisms such as provably fair verification into its product design and combines these with a native token and promotional structures to deliver an integrated casino and sports experience for crypto community users. With continued nominations and awards within the SiGMA framework and other international programmes, BC.GAME is increasingly regarded as a long-term player in the crypto entertainment vertical.
The post BC.GAME Wins “Best Crypto Casino” at SiGMA Central Europe Awards 2025 appeared first on European Gaming Industry News.
Compliance Updates
Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities
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Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes surpassing $600 million.
ONJN asserts that Polymarket’s “counterpart betting” model – where users wager against each other on future outcomes – falls squarely within the scope of Romanian gambling regulations. The regulator clarified that regardless of whether bets are placed using fiat currency or cryptocurrencies, they are legal gambling activities that require appropriate licensing. ONJN President Vlad-Cristian Soare emphasised that the issue is about compliance with the law, not technology, stating, “It’s about the law, not the platform’s blockchain foundation.”
Although Polymarket promotes itself as an “event trading” platform, ONJN concluded that its operational structure – where users place bets on the outcomes of unpredictable events and the platform earns commissions – meets the legal criteria of gambling. Consequently, Romanian internet providers are now mandated to block access to the platform.
The post Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities appeared first on European Gaming Industry News.
AUSTRAC
AUSTRAC Cracks Down on Cryptolink for Late Reporting
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AUSTRAC has issued Cryptolink an infringement notice of $56,340 and accepted a court-enforceable undertaking that addresses the company’s AML/CTF deficiencies.
The action follows AUSTRAC’s Crypto Taskforce identifying late reporting of large cash transactions and weaknesses in the company’s money laundering and terrorism financing risk assessments.
AUSTRAC CEO Brendan Thomas said the package of infringement notices and the enforceable undertaking is designed to ensure useable intelligence does not slip through the cracks.
“The infringement notice addresses previous non-compliance around reporting and the enforceable undertaking seeks assurance that Cryptolink has improved its risk assessments and strengthened its AML/CTF controls,” Mr Thomas said.
“Crypto ATMs are one of the highest risk money laundering channels in Australia at the moment. They are being exploited by criminals to launder money and move scam proceeds. This is not conjecture. It’s what our Crypto Taskforce observed and has been backed up by the work of our law enforcement partners.”
As part of the enforceable undertaking, Cryptolink must engage third party reviewers to:
• validate whether the business has reported all required threshold transactions to AUSTRAC
• assess whether the business has implemented effective controls for large cash transactions
• review Cryptolink’s money laundering and terrorism financing risk assessment to ensure it is fit-for-purpose.
Cryptolink has fully cooperated with AUSTRAC and paid the infringement notice in full. Payment of an AUSTRAC infringement notice is not an admission of liability.
The enforcement action comes after intensive engagement with crypto ATM operators since late 2024.
Working in partnership with law enforcement, AUSTRAC’s Crypto Taskforce estimated that 85% of transactions made by the 90 most prolific crypto ATM users were the proceeds of scams and money mule activity.
“Scams are one of the biggest drivers of suspicious activity and criminals have been using crypto ATMs to move and cash out stolen funds,” said Mr Thomas.
A recently released Australian Institute of Criminology report found more than 40% of cybercrime victims are revictimised, often within months.
“With this in mind we want people to be cautious of making transactions to any wallet they don’t control and thinking twice in circumstances where someone asks you to deposit money into a crypto ATM.”
The second stage of the Crypto Taskforce is focussed on high-risk operations.
“Criminals don’t care how they hurt people, they care about making money,” said Mr Thomas.
“We want to work with the digital currency exchanges to harden the sector against exploitation but if operators don’t take this seriously, we will take action.”
The post AUSTRAC Cracks Down on Cryptolink for Late Reporting appeared first on European Gaming Industry News.
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