News regulation status: Official statement

Last week, we had the pleasure and the privilege to be featured in the renowned Forbes magazine. The article was based on a whole-encompassing interview with our CEO, Luka Gubo, however, there might have been some misinterpretations of our regulatory status in the piece. The readers might have gotten the feeling that FMA has already approved our license application, which is not correct. Regulation is a crucial topic for us as well as for the whole crypto space, therefore we would like to make a clear statement about our status with regards to the MTF licence under MiFID II regulatory framework.

We are aiming to be the first fully licensed crypto asset trading facility regulated by Financial Markets Authority (FMA) in Liechtenstein. will be regulated under the MiFID II framework and is pending approval by the FMA, a member of ESMA (European Securities and Markets Authority)."

We have already reached out to the author and the news was immediately updated, but Forbes is an important source for numerous news houses and in the very short time, the first version of the article, stating that has already acquired the licence by the FMA, has been quoted in several other publications. We have further contacted each one of the publishers and provided them with the clear information to correct the coverage. The majority has already responded to confirm the update and we appreciate that a lot.

We will make sure to keep all interested audiences informed on the proceedings of the MTF licence approval.