Wallex
sponsored

Wallex Trust & Custody, a fintech company based in the USA and Europe that offers trust and custody services among its clients across borders notably in Europe, Asia, and Africa, has announced it has received a banking Crypto and Insurance license issued by the Comoros International Banking Authority (CIBA). This official recognition as a bank charter allows Wallex to operate and offer asset and digital asset banking and insurance services in the Union of the Comoros in particular, and most notably on a global scale arena as well.

CIBA Authorizes Wallex Bank

To be officially called Wallex Bank, CIBA authorizes Wallex Bank to offer banking and insurance services to non-residents of the Union of the Comoros with diverse undertakings specified within the Regulation. It states the dispensation of company services, including issuing own deposit products, providing loans and borrowing of funds, carrying out currency and exchange transactions, and holding assets and other financial instruments for third parties.

Wallex Bank takes pride in its newly acquired expansive banking services dealing with depositary transactions, guarantee business, multicurrency account management, asset management, financial engineering, and even investment consultancy services.

Africa About to Steal the Limelight

The timing of the bank charter grant cannot come at a better time with the African continent about to steal the limelight in cryptocurrency adoption and auxiliary services that will be needed for processing and facilitation. What is exciting about Wallex Bank’s presence is the wide opening of doors for uninterrupted cryptocurrency trading. Eligible clients will find in Wallex Bank a reliable cryptocurrency exchange operator that secures the opening of crypto accounts, storage of cryptocurrencies, accepting crypto deposits issuance of security tokens and cryptocurrencies, as well as ensuring liquidity and insurance on all crypto deposit matters.

Of course, Wallex Bank has in its program of directions the methodical built-up of operations to guarantee an optimized user experience. While having the world in mind, Wallex is grounded in strengthening its foundations to service the people and provide the foundation for expansion and development.

As fragmented economic turmoils in the African continent continue to escalate regional inflation, thereby devaluating further sovereign currencies, populations are beginning to turn to cryptocurrencies as a way to halt the ill-effects of certain fiscal policies. With Wallex Bank Africa already in place and now the new introduction with CIBA’s decision to grant Wallex Bank a bank charter, is a turning point to the eventual progress via digitalization of the country’s and global industries, beginning with cryptocurrencies.

It is no surprise for Wallex to be taking a further step within the financial world and presenting a new giant within the new digital-age financial industry. It is Simone Mazzuca’s visionary leadership which will provide the impetus that will spur the country’s competitiveness on the African financial stage and provide revolutionary services on a global stage.


Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

The Man Behind Wallex and EURST

sponsored Simone Mazzuca is innovative in his style of management. Being the founder of Wallex and creator of the EURST, he is agile and motivated with a strong orientation to bridge traditional finance with the new digital world. He focuses his energies on management and advisory robustness that leads to the creation of borderless opportunities […]

Xem chi tiết: The Man Behind Wallex and EURST

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now […]

Xem chi tiết: The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

EURST Stablecoin – The Cost of Answering the Call of the Economic Times

The technological developments brought about by the invention of blockchain, bitcoin, and cryptocurrencies are rapidly transforming the financial landscape with the nascent industry failing to fit any conventional classification to become an asset class of its own. Stablecoins Are the Solution Tumultuous as it was in its journey towards the mainstream, the digital currency industry […]

Xem chi tiết: EURST Stablecoin – The Cost of Answering the Call of the Economic Times

EURST Stablecoin – Reinvention of the European Economy

Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have introduced newly evolved ways of how the world interacts, operates, and most of all, conducts exchanges. In the current economic hardship and the Covid-19 global pandemic, the European Union has had to […]

Xem chi tiết: EURST Stablecoin – Reinvention of the European Economy

Wallex: The Rainbow in The European Grey Zone

The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave. Nevertheless, it has also opened the door for the creation […]

Xem chi tiết: Wallex: The Rainbow in The European Grey Zone

Ethereum Classic Rose 220% This Week, but Why?

Ethereum Classic, a seemingly forgotten cryptocurrency, reached the attention of many this week when its price skyrocketed out of the blue, but there might be some reasons behind it. Also, Bitcoin Cash and other Bitcoin-based forks enjoyed a healthy week in the green, alongside Dogecoin, whose price boosted on the news of Elon Musk appearing […]

Xem chi tiết: Ethereum Classic Rose 220% This Week, but Why?

Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review. While Waiting for Approval for Its Bitcoin ETF, Vaneck Files With the […]

Xem chi tiết: Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

South Korean Police Officers Banned From Buying Cryptocurrency

A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. South Korea to Penalize National Police Agency Officers Who Fail to Disclose Crypto Holdings Officers with […]

Xem chi tiết: South Korean Police Officers Banned From Buying Cryptocurrency

Binance Reaches Twitter Trending Topic Status in Venezuela

Kazakhstan Is Preparing the Launch of a CBDC Pilot With Private Financial Companies

South Korea to Impose a 20% Tax on Crypto Mining Activities

Real Estate Listings Accepting BTC Touch Record Highs, 14.3 Homes per 100,000 Accept Crypto

NFT Weekly Roundup: Earning Through NFTs, Legendary Muhammad Ali Collectibles, NFT Display in Times Square, and More

Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million

Lega Serie A to Commemorate Historic Coppa Italia Final With NFTs

Marathon Mines First OFAC Compliant Bitcoin Block