Credefi Scores Regulatory Approval to Perform Virtual Currency Operations Internationally

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Credefi is a platform that aims to tackle some of the most pressing issues that riddle the spaces of both decentralized and traditional finance.

By delivering a steadfast product that enables decentralized and secured lending portfolios of business and delivering a fixed return rate, it protects lenders and borrowers from the volatile nature of the crypto market.

To further cement its position as a trusted provider of secure yields that upholds the values of both the DeFi and TradFi worlds, Credefi has scored a regulatory approval from Lithuania’s FCIS/FNTT Commission.

The events of late have highlighted the need for effective regulations that promote secure and transparent integrations of cryptocurrency services.

Credefi has long been working with international regulators to provide the safest experience for its users. In light of the above, the company has managed to obtain an approval from the FCIS/FNTT under The Ministry of the Interior of the Republic of Lithuania to perform virtual currency operations.

The move was also in compliance with the amendments of the Law on the Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania.

Confirming the news was a spokesperson from the Ministry, who said:

“Credefi UAB has already notified the Register of Legal Entities of its intention to conduct activities of a virtual currency operator. In light of the above, I confirm that, at the time of writing, Credefi UAB is legally allowed to perform virtual currency operations.”

Credefi’s efforts to providing transparent and safe services that abide by the legislative efforts of international regulators come at