Golden Crown’s Europe unit begins voluntary license withdrawal as new transfers stop

Koronapay Europe Limited, the European arm of the payment system Golden Crown, has started a voluntary license withdrawal procedure. For high-risk payment providers, the practical point is simple: the corridor has shut for new transfers, while existing senders are being directed to refund funds through the Korona mobile app.

1. According to the company’s website, new transfers are no longer available. That turns this from a routine licensing note into an operational cutoff: if you relied on the European entity as a transfer route, it is no longer accepting new flow.
2. Funds sent before the suspension can be returned through the Korona mobile app. In practice, that means the wind-down is being handled through the consumer-facing channel rather than through fresh payment activity.
3. The EU’s 21st sanctions package against Russia included RNKO “Payment Center”, which operates and settles Golden Crown. After that, users of the bank lost access to transfers to other countries, including Kazakhstan and Georgia.
4. On Golden Crown’s website, transfers from Russia were available only to Uzbekistan, Turkey, China, and Kyrgyzstan. For PSPs and banks, that is the useful map: the available corridors had already narrowed before the European withdrawal began.