Finance & Economics

Crypto Startup Klink Finance Gains EU Licence

Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.

Crypto Startup Klink Finance Gains EU Licence

Source: Pixabay.com

Klink creates a wallet that provides investors with the opportunity to store their funds in cryptocurrency and receive regular rewards in addition to existing assets. The company announced the registration of crypto licensing under the control of the Chamber of Tax Administration in Poland through its local branch. The license allows to exercise in a fully regulated manner and complying with current and future provisions on digital assets.

Klink considers ensuring a high level of security and compliance with requirements as guidelines of paramount importance. Obtaining a license is the beginning of a new stage of the company’s existence.

Klink founder Philip Jonitz stated that the firm’s goal is to provide users with a secure and transparent environment for managing digital assets.

Tobias Bauer, the partner at Blockchain Founders Fund, says that Klink’s receiving of initial licensing in the EU is a testament to the company’s commitment to compliance and security in the rapidly evolving cryptocurrency space.

Currently, the EU is showing good results in regulating the turnover of cryptocurrencies. The actions of regulators contribute to a more active introduction of a new generation of currency.

Klink is interested in obtaining additional licenses from regulatory authorities in secondary jurisdictions. The company intends to expand the coverage of its services within the global crypto community. The virtual asset service provider license obtained in Poland is the first step on this path. The Company strictly complies with the laws, regulations, and standards of each jurisdiction that regulate the processes in the space of its presence.

As we have reported earlier, FCA Grants UK E-Money License to Payoneer.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.