RevoluGROUP Canada Inc. Granted Central Bank Cryptocurrency EU Registry Inscription
August 03 2022 - 9:39AM
RevoluGROUP Canada Inc. (TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that on the 3rd of August 2022 the Central
Bank officially granted the Company Inscription approval as one of
Europe's first authorized Crypto Stored Value and Crypto Trading
entities. The approval is awarded at a time when EU regulators
mandated sweeping DCE and Crypto regulations in July 2022. The
Central Bank's focus with registry Inscriptions is to ensure
categoric compliance with all international provisions of AML
criteria, as well as the prevention of money laundering and the
financing of terrorism. The Company's RevoluEX platform has
demonstrated that, even before the now mandated KYC and AML
requirements, it preemptively adhered to and complied with every
regulatory facet, resulting in today's approval.
First Mover Status
Established
To the Company's knowledge, RevoluPAY is the
first Pan-European 27-country licensed financial institution to
equally obtain the Central Bank Crypto Stored Value and Crypto
Trading Registration in compliance with legally binding
Pan-European MiCA regulations. From today the unique combined
ability of RevoluPAY to transact as both the licensed Sovereign
Currency (FiAT) financial institution and Central Bank recognized
crypto operator is expected to garner substantial attention in a
Crypto industry that peaked at USD 2.9 trillion in November 2021.
Time is running out for DCEs, since the EU Commission granted the
European Securities and Markets Authority ("ESMA") new and
far-reaching powers to systematically ban, outright and overnight,
any non-compliant actor in the crypto sphere. As of today's news,
any DCE wishing to comply with any and all current regulations
immediately need merely either white-label the Company's RevoluEX
technology or, through a contractual agreement, transit all
transactions through the Company's financial banking licenses
uniquely boasting the additional Crypto Stored Value and Crypto
Trading approved Registration ensuring complete end-to-end
compliance.
The Scope of
Today's Crypto
Regulatory Milestone
Many DCE crypto giants urgently seek to maintain
growth while gaining obligated regulatory legitimacy amid fears of
real and present global regulation. RevoluPAY now provides a
venerable regulatory solution for DCEs to remain entirely compliant
on all sides of an eventual crypto trade. Namely, the bilateral
Fiat currency component, KYC ("Know Your Customer"), and AML
("Anti-Money Laundering") plus the Stored Value and Crypto Trading
elements. Furthermore, the Company's proprietary RevoluEX
technology is plug-and-play, having accomplished all facets of API
integration, allowing a rapid turn-key solution. RevoluEX is
available as an API incorporated into current DCE platforms or
stand-alone white-label deployment under any brand or DCE logo
described in the recent Market Herald article. Further unique
international regulatory benefits available to DCE partners are the
RevoluPAY United States MSB, Canadian FINTRAC, and European PSD2
payment institution 6900 financial abilities native to our
financial technology. Furthermore, yesterday's launch of
RevoluTRANSFER now permits future DCE partners to transact
bilaterally as on/off ramp up to 3 million USD for a single
transaction.
Links Used in this News
Release.
EU 27 Country Financial Licenses -
https://tinyurl.com/ycyat7j3 RevoluPAY EP S.L Banking Registration
- https://tinyurl.com/4jmtke6b RevoluEX - https://revoluex.com/
Market Herald article 12 Dec 2020 - https://tinyurl.com/mr3kz68u
RevoluTRANSFER - https://revolutransfer.com/
About
RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail
and Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Leisure payments, Travel Payments, etc. RevoluPAY employs
blockchain protocols and is squarely aimed at the worldwide
multi-billion dollar Open Banking sector and + $595 billion family
remittance market. RevoluPAY® is operated by the European
wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona.
RevoluPAY is a licensed United States MSB, Canadian FINTRAC, and
European PSD2 payment institution 6900 under the auspices of E.U.
Directive 2015/2366 with EU Passporting. RevoluGROUP Canada Inc.
controls five wholly-owned subsidiaries on four continents.
About RevoluGROUP
Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional publicly traded Canadian Company deploying advanced
technologies in; Banking, Mobile Apps, Money Remittance, Mobile
Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice
factoring, Online Travel, Vacation Resort, Blockchain Systems, and
Fintech app sectors. Click here to read more.
For further 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 outstanding.
RevoluGROUP Canada,
Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those 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, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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