Floin Introduces a Fully-Regulated Platform for Digital Asset Purchases, Sales, and Storage

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The crypto market is in dire need of a regulatory overhaul to win the trust of the masses and penetrate the mainstream. Although crypto regulations are mostly vague now, projects have the option to move their businesses to regulated countries and secure digital asset users and investors. 

And that’s exactly what Floin has done. It is building a new platform dedicated to the purchase, sale, and storage of digital assets, following the highest quality and security standards. In this article, we take a closer look at Floin and how it sets an example in crypto compliance.

Floin has chosen to base its operations in Liechtenstein, one of the pioneering countries to acknowledge the potential of blockchain solutions. Liechtenstein is known for its excellent financial authority and deep integration of blockchain into its legislation. The country’s regulations are designed to protect customers' money. 

Although Liechtenstein puts projects through the hard path, it allows them to be compliant, without compromising the quality of their operations. Floin is compliant with the Lichtenstein Blockchain Act (TVTG), Due Diligence Act (SPG), and Due Diligence Ordinance (SPV), which ensure the highest standard of quality in the crypto market. It is a fully certified VASP by the FMA (Financial Market Authority) – Liechtenstein’s regulatory agency.

All products, assets, and projects featured by Floin have to pass the Floin Test. Based on regulatory, transparency, and quality parameters, it ensures their market resilience. Third-parties who provide KYC (Know Your Customer), KYB (Know Your Business), KYT (Know Your Transaction), AML (Anti-Money