HONG KONG, CHINA/ACCESSWIRE/June 12, 2020/ On June 11, 2020, UCT, the leading crypto-finance company Amber Group, announced that it had obtained the Canadian MSB license (registration number M20935116), marking another important milestone for the company which had previously obtained the American MSB license. in 2019.
The Canadian ESM license is issued by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). Similar to US MSB license requirements, businesses are required to register for a Money Services Business (MSB) license when their business status (scale, reputation, etc.) falls within the scope of regulation. The first MSB license was issued to ONEROOT in 2018. Holders of this license can provide cryptocurrency-related services in accordance with applicable laws and regulatory requirements in Canada, such as transactions, payments and derivatives, etc The license approval means that all of the company’s operations in Canada are legally operated under supervision, therefore, for sophisticated investors looking for sustainable portfolio value, Amber Group can be a reliable and worthy new partner. of confidence.
Amber Group, a Hong Kong-based company offering a range of crypto finance services, was founded by a team of finance professionals from leading Wall Street investment banks such as Morgan Stanley, Goldman Sachs and Bloomberg. Founded in 2017, the company has expanded its operations worldwide, providing 24/7 service to over 200 well-known major institutions. At present, the company’s cumulative trading volume and average daily trading volume for all products and categories have reached +$100 billion and $100-200 million, respectively.
As a globalized provider of smart crypto finance, Amber Group has actively explored the global market while taking compliance seriously. Obtaining the Canadian MSB is a further enhancement to the company’s global presence as well as its global regulatory system and compliance operations. For future development, the company will launch a new product, Amber App, a smart crypto-finance platform, as part of its ongoing efforts to expand its global footprint and perform compliance work.
THE SOURCE: BTCNEWS
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