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TALLINN, Estonia, June 10, 2020 / CNW / – HODLTech, a leading provider of digital wallet infrastructure and custody services for cryptocurrencies and other digital assets, today announced its approved registration as a Foreign Canadian Monetary Services (FMSB) business, also securing a long-term agreement with global cryptocurrency payments processor CoinPayments to continue providing regulated wallet services.
Although authorized and regulated in Estonia, HODLTech’s Canadian FMSB registration will drive further growth in regulated markets. Under the terms of the new level of regulatory status, HODLTech now has all compliance procedures that will enable new partnerships and crypto-fiat settlement services.
“Our new regulatory status in Canada it’s a natural progression to our goals as an organization, “said Raj Khangura, HODLTech’s Money Laundering Reporting Manager.” We see a future of regulated and traditional cryptocurrency transactions, and our FMSB license will now allow us to aggressively pursue new growth and partnership opportunities. “
The HODLTech-CoinPayments partnership is crucial for both organizations “, added CoinPayments CEO Jason Butcher. “With this new FMSB status that HODLtech has received along with our various international financial services partners, we are confident that CoinPayments merchants will see new features and clear regulatory guidance in the future.”
HODLTech has been providing regulated wallet services to CoinPayments since 2018.
About HODLTech
HODLTech is a leading provider of digital wallet infrastructure and custody services for cryptocurrencies and other digital assets.
About CoinPayments
CoinPayments is the easiest, fastest and safest way for merchants around the world to transact cryptocurrencies. It is the first and largest cryptocurrency payment processor with more than the United States $ 5 billion in total transactions to date, while supporting more than 1,900 coins, and is the preferred cryptocurrency payment solution for merchants and ecommerce platform providers around the world. Founded in 2013 and based in Cayman Islands, CoinPayments is dedicated to providing customers with fast, secure and user-friendly cryptographic payment APIs, shopping cart plug-ins, digital wallets and a host of other solutions that support cryptocurrency payment applications. Learn more about: https://www.coinpayments.net/
SOURCE HODLTech
For further information: Media Contact: John Cook, Rally Point Media Strategies, [email protected] | +1.585.737.7546
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