DGAP-Adhoc: Advanced Bitcoin Technologies AG: Financial Market Authority Liechtenstein registers savedroid FL GmbH as TT exchange service provider
DGAP-Ad-hoc: Advanced Bitcoin Technologies AG / Key word (s): Authorization / Cryptocurrency / Blockchain
Advanced Bitcoin Technologies AG: Liechtenstein Financial Market Authority registers savedroid FL GmbH as a TT exchange service provider
10/22/2021 / 3:35 p.m. CET / CEST
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Advanced Bitcoin Technologies AG: Liechtenstein Financial Market Authority registers savedroid FL GmbH as a TT exchange service provider
Frankfurt am Main, October 22, 2021 – The 100% subsidiary of Advanced Bitcoin Technologies AG (ABT, ISIN: DE000A2YPJ22), savedroid FL GmbH, has received registration as a TT exchange service provider from the Liechtenstein Financial Market Authority (FMA). Saveroid FL GmbH has thus successfully completed the registration process started in the first quarter of 2021 and can again win new customers on this basis.
On registering as a TT change service provider, the company’s licensing strategy is to be continuously expanded. The aim is to achieve MiCa (Markets in Crypto Assets) -compliant regulation of the planned multi-currency transaction platform in order to be able to offer all products and services in the future by means of passporting throughout the European Economic Area (EEA).
In the course of its strategic realignment of Bitcoin, Advanced Bitcoin Technologies AG decided that the regulatory focus will be on Liechtenstein, as the national legislation there and the regulatory authority in terms of crypto regulation play a clear pioneering role in Europe. The legal basis for the registration as TT exchange service provider of savedroid FL GmbH is the Token and TT Service Provider Act (TVTG), which came into force on January 1, 2020, and the associated Token and TT Service Provider Ordinance (TVTV), die for the further development of the company’s product portfolio creates the necessary legal certainty. The TVTG turnover of the Liechtenstein Financial Market Authority, the registration and event-related supervision of TT service providers. The abbreviation VT stands for trustworthy technologies.
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10/22/2021 CET / CEST DGAP Distribution Services include regulatory reporting, corporate / financial news and press releases.
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