Crypto Startup Klink Finance Obtains Initial Licensing to Offer Services Accross the EU

London-based crypto startup Klink Finance has received its initial authorization to offer its cryptocurrency services across the European Union.

Klink is building a Prize Linked Wallet, that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top of their holdings. The company has announced its registration of crypto licensing under the control of the Chamber of Tax Administration in Poland through its local branch. The license enables Klink to operate in a fully regulated manner and comply with current and future digital asset regulations.

​This license is a major milestone in Klink's growth as it prepares for its launch in early 2023.

Klink Founder, Philip Jonitz, stated "We are incredibly proud to announce that we have obtained our initial licensing to start onboarding users to the Klink wallet. Our aim is to provide a safe, secure, and transparent environment for users to manage their digital assets, and we are therefore monitoring regulations closely to bring more services to market globally."

Tobias Bauer, Partner at Blockchain Founders Fund said "Klink Finance's acquisition of initial EU licensing is a testament to the company's commitment to compliance and security in the rapidly evolving cryptocurrency space. As a strong advocate of innovation and growth in this industry, we are impressed by Klink’s achievements and fully support their mission to provide a seamless and rewarding experience for their users."

With this initial license in place, Klink is seeking additional regulatory licenses in secondary jurisdictions to expand its services to the global crypto community. The virtual asset service provider license obtained in Poland is the first step in this ongoing process, as the company strives to comply with the laws, regulations, and standards of each jurisdiction it operates in.

Source: Finextra