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RevoluGROUP Canada (TSXV:REVO) granted Central Bank cryptocurrency EU registry inscription

Technology
TSXV:REVO
03 August 2022 10:00 (EDT)

Source: RevoluGROUP Canada.

RevoluGROUP Canada (REVO) has received approval from the Central Bank as one of Europe’s first authorized crypto-stored value and trading entities.

The Central Bank’s focus with registry inscriptions is to ensure compliance with all international provisions of anti laundering and financing terrorism.

The company’s RevoluEX platform has demonstrated that, even before these mandated requirements, it pre-emptively adhered to and complied with every regulatory facet.

This makes RevoluPAY one of the first Pan-European 27-countrylicensed financial institution to equally obtain the Central Bank crypto stored value and crypto trading registration.

Many digital currency exchange (DCE) crypto giants want to maintain growth while gaining obligated regulatory legitimacy amid fears of global regulation. RevoluPAY can provide a regulatory solution for DCEs to remain entirely compliant on all sides of an eventual crypto trade.

RevoluGROUP is a multi-asset company launching its technologies in banking, mobile apps, money remittance, egaming, healthcare payments, esports, online travel, vacation resort, blockchain systems, and Fintech app sectors.

RevoluGROUP Canada Inc. (REVO) is up 2.56 per cent, trading at $0.20 per share as of 10:15 am ET.


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