Vancouver, British Columbia, 03 August 2022 (GLOBE NEWSWIRE) – RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the “Company”) is pleased to announce that the 3rd In August 2022, the Central Bank officially granted the company listing approval as one of the first licensed cryptocurrency and cryptocurrency entities in Europe. The approval comes at a time when EU regulators imposed extensive DCE and Crypto regulations in July 2022. The Central Bank’s goal with registry entries is to ensure full compliance with all international policy provisions money laundering, as well as the prevention of money laundering and terrorist financing. The company’s RevoluEX platform proved that even before the now mandatory KYC and AML requirements, it adhered and preemptively complied with all regulatory aspects, gaining today’s approval.
Established first-come status
To the company’s knowledge, RevoluPAY is the first pan-European financial institution authorized in 27 countries to also obtain the registration of the value stored in cryptocurrencies and the trading of cryptocurrencies from the central bank under the legally binding pan-European MiCA regulations. Starting today, RevoluPAY’s unique combined ability to transact as a licensed sovereign currency (FiAT) financial institution and central bank-recognized cryptocurrency trader will attract significant attention in a cryptocurrency industry that peaked at $ 2.9 trillion in November 2021. Time is running out. for ELDs, as the European Commission has granted the European Securities and Markets Authority (“ESMA”) new powers to systematically ban, outright and overnight any non-compliant actor from the cryptographic sphere. As of today, any CED wishing to comply with all applicable regulations must immediately either label the company’s RevoluEX technology blank or, through a contractual arrangement, transfer all transactions via the company’s financial banking licenses, benefiting only from the additional cryptographic value stored. and Crypto Trading approved registration ensuring full end-to-end compliance.
The scope of today‘S. Cryptocurrency Regulation Milestone
Many crypto giants DCE are urgently looking to maintain growth as they acquire mandatory regulatory legitimacy amid fears of real and current global regulation. RevoluPAY now provides a venerable regulatory solution for DCEs to remain fully compliant on all sides of a potential cryptocurrency trade. Namely, the bilateral Fiat currency component, KYC (“Know Your Customer”) and AML (“Anti-Money Laundering”) plus Stored Value and Crypto Trading elements. Additionally, the company’s proprietary RevoluEX technology is ready to use, having implemented all aspects of API integration, enabling a quick turnkey solution. RevoluEX is available as an API integrated into current DCE platforms or as a standalone white label distribution with any DCE branding or logo featured in the recent Market Herald article. Other unique international regulatory benefits available to DCE partners are the RevoluPAY United States MSB, Canadian FINTRAC and European PSD2 Payment Institution 6900 financial capabilities native to our financial technology. Additionally, yesterday’s RevoluTRANSFER launch now allows future DCE partners to conduct bilateral transactions with an increase of up to $ 3 million for a single transaction.
Links used in this press release.
Financial licenses from the 27 EU countries – https://tinyurl.com/ycyat7j3
RevoluPAY EP SL bank registration – https://tinyurl.com/4jmtke6b
RevoluEX – https://revoluex.com/
Market Herald article of 12 December 2020 – https://tinyurl.com/mr3kz68u
RevoluTRANSFER – https://revolutransfer.com/
The company’s flagship neo-bank technology is RevoluPAY®, the multinational payment application from Apple and Android. Entirely designed in-house, RevoluPAY features industry-specific proprietary technology, the source code of which is the intellectual property of the Company. RevoluPAY’s built-in features include wire transfer payments, Forex, cryptocurrency exchanges, retail and hospitality payments, real estate payments, Pay Per View phone top-ups, gift vouchers and online credits, bill payments, leisure payments, payments for travel, etc. RevoluPAY uses blockchain protocols and directly targets the multi-billion dollar global Open Banking industry and the $ 595 billion plus family remittance market. RevoluPAY® is managed by the 100% European subsidiary RevoluPAY EP SL based in Barcelona. RevoluPAY is an ESM authorized in the United States, Canadian FINTRAC and a European payment institution PSD2 6900 under the auspices of the European Directive 2015/2366 with a European passport. RevoluGROUP Canada Inc. controls five wholly owned subsidiaries on four continents.
Of RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a publicly traded, multi-asset, multi-divisional Canadian company that implements cutting-edge technologies in; Banking Sectors, Mobile Apps, Remittances, Mobile Top-ups, EGaming, Healthcare Payments, Esports, Bill Factoring, Online Travel, Resorts, Blockchain Systems and Fintech Applications. Click here to find out more.
For more information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 189,607,876 shares issued and in circulation.
RevoluGROUP Canada, Inc.
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RevoluGROUP Canada Inc.
Phone: (604) 332 5355
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This press release includes certain statements that may be considered “forward-looking statements”. All statements contained in this press release, other than statements of historical facts, which relate to events or developments expected by the Company’s management, are forward-looking statements. Although management believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or developments may differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions or other factors change. Factors that could cause actual results to differ materially from those of forward-looking statements include market prices, success in exploration and development, continued availability of capital and financing, and general economic, market or business conditions. . Please see the Company’s public documents at www.sedar.com for more information.