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  "documentTitle": "dLocal (DLO)",
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  "authorName": "Carson Block",
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  "notes": "Includes a screenshot of an FCA registration page showing an AstroPay email address for DLocal Limited.",
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      "text": "First, in the Dlocal limited (Malta)’s FCA registration, the ombudsman contact link posted is an AstroPay address: george@astropay.com.",
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      "text": "98-102 Footnotes detailing sources for the claims made in the text.",
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      "text": "FCA registration details for DLocal Limited showing AstroPay email",
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      "text": "AstroPay and Directa24 are disclosed by Dlocal as processing payments for high-risk merchants mainly “operating in online gambling, forex, binary options or adult entertainment verticals. Their main markets are Brazil, India and Latin America generally. These activities do not have a clear legal framework in these jurisdictions and could be considered illegal in some of the jurisdictions.”",
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      "text": "Dlocal was spun out of AstroPay and supposedly was fully separated in 2018.98 However, besides common ownership, and an apparently duplicated operational model,99 we came across remnants of AstroPay DNA in Dlocal’s FCA license, suggesting a shared ombudsman or customer service department. We also see parallels in their complex structures, their use of external related-party collection agents, and in their interest to offer prepaid debit cards.",
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      "text": "First, in the Dlocal limited (Malta)’s FCA registration, the ombudsman contact link posted is an AstroPay address: george@astropay.com.100 Many of the customer reviews of AstroPay and Dlocal include scathing comments listing problems with non-receipt of deposited funds, inability to use the cards, and an unresponsive company.101,102",
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      "text": "“Remember dLocal, even though they say they're from 2016, they have all their know-how from AstroPay. So really, they've been operating in the market since 2005. It's a lot to build upon because with dLocal, what we literally did is copied and pasted the operation of AstroPay, and do the duplicate, and separated the entities.” — Source B",
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      "text": "Previous and Ongoing Entanglements with AstroPay, Affiliates, and Related Parties",
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