WHITE TECH Receives Authorization as a Regulated Crypto-Asset Service Provider
In a significant advancement for the cryptocurrency sector in Europe, WHITE TECH has successfully obtained authorization from the Croatian Financial Services Supervisory Agency (HANFA) to function as a regulated crypto-asset service provider (CASP). This development positions WHITE TECH, part of the W Group ecosystem and headed by its founder, Volodymyr Nosov, within the framework of the European Union’s Markets in Crypto-Assets (MiCA) regulations.
Role and Services of WHITE TECH
As a key player in the W Group ecosystem, WHITE TECH plays an essential role in offering infrastructure for crypto exchange services. This includes facilitating smooth conversions between crypto-assets and traditional fiat currencies, along with providing lucrative transfer services for both businesses and individual users.
The newly granted authorization empowers WHITE TECH to deliver a variety of regulated crypto services, which not only cover the exchange of crypto-assets with fiat currencies but also the management and custodial services necessary for ongoing crypto-asset administration. Furthermore, the company’s operations will be closely monitored by HANFA to ensure compliance with stringent MiCA standards focused on governance, risk management, and safeguarding user interests.
Significance of the Authorization
As one of the pioneering firms in Croatia to secure this authorization under the MiCA framework, WHITE TECH is positioned favorably within the EU’s comprehensive regulatory environment designed to enhance transparency and trust in the cryptocurrency landscape. This accomplishment underscores WHITE TECH’s ongoing growth while solidifying its dedication to operating within regulated markets.
About W Group Ecosystem
W Group, a global fintech ecosystem, aims to simplify access to blockchain and cryptocurrency for a wide audience, emphasizing security, professionalism, and innovative practices. The ecosystem boasts services for over 35 million users in 150 countries. At its core is WhiteBIT, recognized as the largest crypto exchange in Europe by trading volume, which offers a vast selection of over 900 trading pairs and accommodates more than 340 digital assets in addition to supporting eight fiat currencies. WhiteBIT also engages in partnerships with notable organizations, including Visa, FACEIT, FC Barcelona, Juventus FC, and the national team of Ukraine.
Disclaimer
It’s important to note that this article is intended for informational purposes only and does not serve as investment advice. Prospective users are encouraged to conduct thorough research before making any decisions related to investments in cryptocurrency.
