YouHolder, the Swiss Web3 fintech platform YouHodler has announced today that it has received its Virtual Asset Service Provider (VASP) registration from the Bank of Spain, according to by YouHolder.
TakeAway Points:
- YouHolder announces a major milestone, receiving its Virtual Asset Service Provider (VASP) registration from the Bank of Spain.
- According to the report, this VASP registration has strengthened YouHodler’s position in Spain and demonstrated its dedication to safe and legal Web3 financial innovation
- YouHodler is a global provider of Web3 fintech services that is accessible in over 60 countries
YouHolder Achieves Milestone
According to the report, this development will allow YouHodler to offer its cutting-edge Web3 financial services to both individual and corporate clients in Spain, all while adhering to the country’s laws pertaining to counterterrorism financing (CTF) and anti-money laundering (AML).
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The successful completion of this VASP registration has strengthened YouHodler’s position in Spain and demonstrated its dedication to safe and legal Web3 financial innovation. It is an addition to the company’s current EU authorizations and licenses, especially prior to the Markets in Crypto-Assets (MiCA) law going into force.
“This achievement is a testament to our dedication to seamlessly bridge traditional and Web3 finance while upholding compliance and security as our guiding principles. In every country 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”
Ilya Volkov, CEO and co-founder of YouHodle said
Joan Gutiérrez Calvo, YouHodler’s Legal Advisor in Spain, acknowledged that the VASP registration by the Bank of Spain is a resounding vote of confidence in YouHodler’s operations.
“For our Spanish customers, individuals and enterprises alike, this means not just access to YouHodler’s cutting-edge technology, but also an added layer of trust and security.”
he added.
YouHolder
YouHodler is a global provider of Web3 fintech services that are accessible in over 60 countries and are engineered to facilitate the smooth integration of fiat and cryptocurrency financial services.
The report points out that the platform provides an effective tool for investors so they can profit from market volatility. YouHodler meets a wide range of financial needs with the greatest loan-to-value (LTV) ratio in the market, quick bank and credit card withdrawals, and support for more than 50 popular coins as collateral.
Additionally, the company provides a range of enterprise solutions that let businesses use YouHodler’s cutting-edge technology to expand their operations. These businesses include cryptocurrency exchanges, digital wallets, and retail digital payment providers.
