The Credefi platform was created to find solutions to some of the most pressing problems in the TradFi and DeFi fields. It offers a reliable and robust solution to decentralize and secure business loan portfolios. It also aims to provide a fixed rate of return. This, with a view to always protecting lenders and borrowers from the volatility of cryptocurrencies. Today Credefi is extremely happy to have taken an important step with the Lithuanian authorities. Discover the content of the press release through which he announces happy news to his community.
Credefi will now offer encryption services internationally
Credefi has written a press release to announce great news to the community. In fact, the platform has successfully obtained regulatory approval from the FCIS/FNTT Commission of Lithuania. This authorization solidifies its position as trusted provider respectful of DeFi and TradFi values. This is a green light that will allow the company to conduct virtual currency transactions internationally.
The good news was confirmed by a ministry spokesman. “Credefi UAB has already notified the Register of Legal Entities of its intention to carry out activities as a virtual currency operator. In light of the above, I confirm that at the time of writing this document, Credefi UAB has the authorization to carry out transactions in virtual currency“.
You must know that Credefi has been collaborating with international regulators for some time. The platform wishes to be able provide the safest experience for its users. It obtained its approval under the amendments of the Law on Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania.
An approach that offers further opportunities
By gaining regulatory approval from a national regulator, Credefi shows how much they careprovide guarantees to users. The approach certainly offers further opportunities to the company. At the same time, it makes Credefi one of the many leaders in the FinTech sector.
Now, the company is committed to continuing to work towards transparent transactions. It wants to offer the highest possible level of service to its users, both in DeFi and in TradFi.
Crypto platform Credefi plans to launch several projects during the last quarter of 2022 and early 2023. It intends to continue offering a range of transparent products to ensure the safety of its customers.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its many uses and to transmit information related to this ecosystem with my pen.