Relying solely on VASP licenses and superficial compliance policies isn’t enough.
The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.
Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.
SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.