I didnt pay enough attention earlier on reasons why whitelist realization were abandoned completely.Now,after some investigation I found the reason - money needed for whitelist realisation was diverted to Boris private endeavour, realization AR nad VR projects for gaming industry. These projects were never on the whitelist and have no any connections with crypto industry.Its realization would bring Boris money which eluded him during ICO phase and after it.Despite big efforts from his troll crew to represent Minex as a big and wealthy ICO,he collected only 288 BTC or about $700.000 during ICO phase(Boris claimed how he raised $1.5 millions in pre-ICO from his acquaintances in interview to Cryptorich). He is now relatively close to realization of AR,but VR project is far from realisation and needs more money.
If he had enough money to complete these projects he would never started payment card program.He is frantically pushing payment card program and violating regulations and laws so hard not because of customers ,but because it is only viable way to push price of MNX ,so he could sell rest of premined coins at the price high enough to cover expenses of his projects for gaming industry.
In the end if they have pushed so fast and so hard to get these upaycards out there and breaking laws and rules in the process it means Borys should have stayed in the construction industry and stayed doing VAT fraud instead of trying to get in to "business"
Nobody is going to invest in this scam "business", the Minex scammers they have no means to raise funds.
He is in construction and demolition business even now. All his 3 companies are still working. Problem is that he used Minex money to realize completely private projects,never mentioned in whitelist, about AR and VR for gaming industry.He also bought 90 freestanding ATM machines(worth ~ $500K) to make his own private ATM network (https://www.webstagram.one/media/BhH77yygtoe ) .He is using Minex investors money to fund his own projects with no use or any benefit for investors. Minex is used as cash cow.But he drained too much milk from that cow and price of MNX coin plummeted to almost 0 before he sold all premined coins.
Payment card program is now only cheap solution for trying to push up a coin price up and maximize profit from selling rest of premined coins.
Boris is betting that he will be able to sell premined coins for higher price before Upaycard,Mastercard or authorities stop him for conducting illegal business. It will be end of Minex,he certainly does know that.What will happen then with a money on his clients frozen accounts, he does not care.