Connect with us

Media OutReach

Regional Regulatory Misunderstanding, YBUOJ Responds Proactively to BaFin Advisory

Published

on

COLORADO, USA – Media OutReach Newswire – 29 July 2025 – The Federal Financial Supervisory Authority of Germany (BaFin) recently issued a public advisory stating that crypto exchange YBUOJ was offering digital asset services to German investors without proper authorization—drawing significant market attention. However, the latest response of YBUOJ suggests the issue stems more from differences in regulatory interpretation and regional communication gaps than from any actual breach of compliance.

According to publicly available information, YBUOJ is headquartered in the United States, where it holds a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is registered with the U.S. Securities and Exchange Commission (SEC). These credentials confirm that YBUOJ operates under recognized federal oversight and meets established international compliance standards.

In response to the concerns of BaFin, YBUOJ promptly clarified that it is not registered in Germany and that all of its operations strictly follow U.S. regulatory requirements. This statement aligns with the nature of the notice of BaFin, which is categorized as a routine consumer advisory rather than an administrative sanction.

Such scenarios are not uncommon in the crypto industry. Binance, for example, is generally well-regarded in Germany, yet it has faced serious warnings or service restrictions in countries like the UK, Canada, and Japan due to lacking local regulatory approval. These cases underscore that recognition of foreign compliance credentials varies widely across jurisdictions.

The mention of YBUOJ in the advisory of BaFin highlights the broader challenges cross-border crypto platforms face in navigating differing national regulatory frameworks, where misunderstandings and communication gaps can easily arise.

In light of the situation, YBUOJ has expressed its willingness to fully cooperate with German regulators, offering relevant documentation and compliance materials to clarify the facts and dispel any misconceptions. In addition, YBUOJ also indicated it may seek to obtain a local license in Germany in the future to better meet regional regulatory requirements.

In conclusion, this incident appears to be a matter of regional regulatory misunderstanding, not substantive wrongdoing. The prompt, constructive response and solid compliance foundation of YBUOJ reflect its strategic commitment to global regulatory alignment—and offer a reference point for other industry participants in managing cross-jurisdictional compliance.

Hashtag: #YBUOJ

The issuer is solely responsible for the content of this announcement.

Advertisement

Media OutReach

SoéPay Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Published

on

An easy, secure and private way to accept contactless payments with only an iPhone, no additional hardware needed

HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – SoéPay now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the「SoéPay – Tap to Pay」iOS app — no additional hardware or payment terminal is needed.

SoéPay – Tap to Pay

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.*
Tap to Pay on iPhone through SoéPay supports all major card networks, including Visa, Mastercard, UnionPay, American Express, and JCB, providing merchants with comprehensive payment acceptance.
SoéPay’s accelerated merchant onboarding process allows merchants to begin accepting contactless payments via iPhone (iPhone XS or later, running the latest version of iOS) in as fast as 60 minutes once all requirements are met in two steps: (1) iOS app installation and (2) in-app KYC (Know Your Customer) verification.
“We have rolled out Tap to Pay on iPhone for the first wave of merchant categories: taxi services, delivery, florists, pop-up shops, and personalized onsite service providers. We see merchants effortlessly using their iPhones to conveniently and securely accept contactless payments and believe these transformative benefits enhance both their efficiency and their brand image,” says Sam Or, Chief Revenue Officer of SoéPay.
Hong Kong businesses can also get special offers on devices and data plans when signing up for Tap to Pay on iPhone with Hong Kong Telecommunications through participating payment platforms.

For more information on SoéPay, please visit https://soepay.com

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

Hashtag: #SPECTRATechnologies #SoéPay #TaptoPay #Payments #SoftPOS




The issuer is solely responsible for the content of this announcement.

About SoéPay

SoéPay is a wholly-owned subsidiary of SPECTRA Technologies Holdings Company Limited and a comprehensive one-stop merchant payment solution
provider, offering not only multiple payment methods but also a globally PCI DSS-certified cloud-based merchant system, backed by an experienced customer service and technical support team to deliver reliable support services for merchants

Continue Reading

Media OutReach

SoéPay Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Published

on

An easy, secure and private way to accept contactless payments with only an iPhone, no additional hardware needed

HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – SoéPay now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the「SoéPay – Tap to Pay」iOS app — no additional hardware or payment terminal is needed.

SoéPay – Tap to Pay

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.*
Tap to Pay on iPhone through SoéPay supports all major card networks, including Visa, Mastercard, UnionPay, American Express, and JCB, providing merchants with comprehensive payment acceptance.
SoéPay’s accelerated merchant onboarding process allows merchants to begin accepting contactless payments via iPhone (iPhone XS or later, running the latest version of iOS) in as fast as 60 minutes once all requirements are met in two steps: (1) iOS app installation and (2) in-app KYC (Know Your Customer) verification.
“We have rolled out Tap to Pay on iPhone for the first wave of merchant categories: taxi services, delivery, florists, pop-up shops, and personalized onsite service providers. We see merchants effortlessly using their iPhones to conveniently and securely accept contactless payments and believe these transformative benefits enhance both their efficiency and their brand image,” says Sam Or, Chief Revenue Officer of SoéPay.
Hong Kong businesses can also get special offers on devices and data plans when signing up for Tap to Pay on iPhone with Hong Kong Telecommunications through participating payment platforms.

For more information on SoéPay, please visit https://soepay.com

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

Hashtag: #SPECTRATechnologies #SoéPay #TaptoPay #Payments #SoftPOS




The issuer is solely responsible for the content of this announcement.

About SoéPay

SoéPay is a wholly-owned subsidiary of SPECTRA Technologies Holdings Company Limited and a comprehensive one-stop merchant payment solution
provider, offering not only multiple payment methods but also a globally PCI DSS-certified cloud-based merchant system, backed by an experienced customer service and technical support team to deliver reliable support services for merchants

Continue Reading

Media OutReach

SoéPay Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Published

on

An easy, secure and private way to accept contactless payments with only an iPhone, no additional hardware needed

HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – SoéPay now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the「SoéPay – Tap to Pay」iOS app — no additional hardware or payment terminal is needed.

SoéPay – Tap to Pay

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.*
Tap to Pay on iPhone through SoéPay supports all major card networks, including Visa, Mastercard, UnionPay, American Express, and JCB, providing merchants with comprehensive payment acceptance.
SoéPay’s accelerated merchant onboarding process allows merchants to begin accepting contactless payments via iPhone (iPhone XS or later, running the latest version of iOS) in as fast as 60 minutes once all requirements are met in two steps: (1) iOS app installation and (2) in-app KYC (Know Your Customer) verification.
“We have rolled out Tap to Pay on iPhone for the first wave of merchant categories: taxi services, delivery, florists, pop-up shops, and personalized onsite service providers. We see merchants effortlessly using their iPhones to conveniently and securely accept contactless payments and believe these transformative benefits enhance both their efficiency and their brand image,” says Sam Or, Chief Revenue Officer of SoéPay.
Hong Kong businesses can also get special offers on devices and data plans when signing up for Tap to Pay on iPhone with Hong Kong Telecommunications through participating payment platforms.

For more information on SoéPay, please visit https://soepay.com

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

Hashtag: #SPECTRATechnologies #SoéPay #TaptoPay #Payments #SoftPOS




The issuer is solely responsible for the content of this announcement.

About SoéPay

SoéPay is a wholly-owned subsidiary of SPECTRA Technologies Holdings Company Limited and a comprehensive one-stop merchant payment solution
provider, offering not only multiple payment methods but also a globally PCI DSS-certified cloud-based merchant system, backed by an experienced customer service and technical support team to deliver reliable support services for merchants

Continue Reading

Trending