YouHodler, the Switzerland-based Web3 platform, announced on Februrary 6th, 2024, that it has received registration as a Virtual Asset Services Provider (VASP) from the Bank of Spain. With this new registration, YouHodler is now able to provide its Web3 financial services to individuals and businesses in Spain while remaining fully compliant with national anti-money laundering (AML) and anti-terrorism financing regulations ( CTF).
This VASP registration enhances YouHodler’s presence in Spain while reinforcing its commitment to integrating compliant and secure Web3 fintech innovation. The registration complements the existing authorizations and licenses held by the company in the EU, especially prior to the enactment of the Markets in Crypto-Assets (MiCA) regulation. “This success demonstrates our desire to seamlessly connect traditional finance and Web3, while making compliance and security our guiding principles,” said Ilya Volkov, CEO and co-founder of YouHodler. “In each country where we operate, we prioritize working within the local regulatory framework to provide our users with fully compliant, but at the same time innovative solutions contributing to the development of the entire industry. This important milestone demonstrates YouHodler’s continued commitment and paves the way for continued expansion in Europe and in other regions.”
With the registration of the VASP, YouHodler has demonstrated a solid track record of success to exceed client expectations in Spain. “The registration of the VASP with the Bank of Spain is a resounding vote of confidence in YouHodler’s operations,” said Joan Gutiérrez Calvo, YouHodler’s legal advisor in Spain. “For our Spanish individual and business customers, this not only means access to YouHodler’s cutting-edge technology, but also an extra level of trust and security.”
Available in over 60 countries around the world, YouHodler provides a comprehensive suite of Web3 fintech services designed to enable a seamless connection between fiat and cryptocurrency financial services. The platform offers a powerful tool that helps investors take advantage of market volatility. With the industry’s highest loan-to-value (LTV), bank and credit card withdrawals, and support for 50+ top coins as collateral, YouHodler meets a wide range of financial needs. The company also offers a variety of enterprise solutions, allowing companies such as cryptocurrency exchanges, digital wallets, and retail digital payment providers to expand their offerings with the support of YouHodler’s advanced technology.
About YouHodler
YouHodler is a Switzerland-based Web3 platform that provides innovative Fintech solutions that connect fiat and cryptocurrency financial services with simplicity, efficiency, and transparency. Its full range of offerings includes cryptocurrency-backed loans, cryptocurrency savings accounts, innovative cryptocurrency accelerators, and universal currency exchanges. User-friendly and intuitive for everyday consumers, the full-service platform is also scalable enough to enable advanced strategic trading in the cryptocurrency market.
For more information, visit [YouHodler’s website].
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