GLEEC Obtains Licenses to Provide Crypto Services in 8 Countries
by
FM
The licenses it has secured will enable GLEEC to provide a range of new crypto services.
The blockchain infrastructure startup GLEEC is on the road to achieving global regulatory compliance, with the announcement that it has obtained licenses to offer its cryptocurrency services in no less than eight countries, across the Middle East, Europe and the Americas.
The licenses it has secured will enable GLEEC to provide a range of crypto services in countries like El Salvador, Poland, Lithuania and Slovakia, as well as the city state Dubai, the company said. In addition, it's now licensed to perform banking services in Canada and Ukrain, and foreign exchange activities in Estonia and Lithuania.
GLEEC's progress in El Salvador is especially significant, as the Central American country hit the headlines for becoming the first nation in the world to officially accept Bitcoin. As a result, BTC is now legal tender in El Salvador alongside the U.S. dollar, and is widely accepted as a means of payment. GLEEC is now poised to foster more widespread adoption of BTC in the country, as it is legally allowed to provide wallet, custody, crypto-to-fiat transfers and payments and other services.
In Canada meanwhile, GLEEC has secured approval to handle foreign exchange dealings, money orders, crypto transfers and more in one of the world's most developed economies. And in Dubai, it has gained approval to conduct asset trading with crypto.
GLEEC is in a good position to offer these kinds of services as it has the infrastructure to support them in place. In addition to the GLEEC token and GLEEC Exchange, it also offers decentralized exchange services and a comprehensive cryptocurrency wallet.
The company is also behind the popular blockchain game GLEEC Racing, which is a play-to-earn race car simulator that allows players to get behind the virtual wheel and compete for cryptocurrency rewards. Earlier this year, it began hosting its regular, weekly Grand Prix series, where winners can earn significant prizes in GLEEC tokens.
According to GLEEC's CEO and founder Daniel Dimitrov, the regulatory approvals it has obtained so far are really just the start, as it ultimately intends to secure global compliance.
“The company is constantly seeking to attain global regulatory approval,” he said. “We aim to create a crypto ecosystem with a balanced regulatory framework.”
The blockchain infrastructure startup GLEEC is on the road to achieving global regulatory compliance, with the announcement that it has obtained licenses to offer its cryptocurrency services in no less than eight countries, across the Middle East, Europe and the Americas.
The licenses it has secured will enable GLEEC to provide a range of crypto services in countries like El Salvador, Poland, Lithuania and Slovakia, as well as the city state Dubai, the company said. In addition, it's now licensed to perform banking services in Canada and Ukrain, and foreign exchange activities in Estonia and Lithuania.
GLEEC's progress in El Salvador is especially significant, as the Central American country hit the headlines for becoming the first nation in the world to officially accept Bitcoin. As a result, BTC is now legal tender in El Salvador alongside the U.S. dollar, and is widely accepted as a means of payment. GLEEC is now poised to foster more widespread adoption of BTC in the country, as it is legally allowed to provide wallet, custody, crypto-to-fiat transfers and payments and other services.
In Canada meanwhile, GLEEC has secured approval to handle foreign exchange dealings, money orders, crypto transfers and more in one of the world's most developed economies. And in Dubai, it has gained approval to conduct asset trading with crypto.
GLEEC is in a good position to offer these kinds of services as it has the infrastructure to support them in place. In addition to the GLEEC token and GLEEC Exchange, it also offers decentralized exchange services and a comprehensive cryptocurrency wallet.
The company is also behind the popular blockchain game GLEEC Racing, which is a play-to-earn race car simulator that allows players to get behind the virtual wheel and compete for cryptocurrency rewards. Earlier this year, it began hosting its regular, weekly Grand Prix series, where winners can earn significant prizes in GLEEC tokens.
According to GLEEC's CEO and founder Daniel Dimitrov, the regulatory approvals it has obtained so far are really just the start, as it ultimately intends to secure global compliance.
“The company is constantly seeking to attain global regulatory approval,” he said. “We aim to create a crypto ecosystem with a balanced regulatory framework.”
FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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