YouHodler, a Swiss-based Web3 fintech platform has obtained its Virtual Asset Service Provider (VASP) registration from the Bank of Spain. With this registration, YouHodler can now provide its suite of innovative Web3 financial services to individual and enterprise users in Spain, in full compliance with the nation's anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The fintech is also strengthening its presence in Europe.
The completion of this VASP registration fortifies YouHodler's foothold in Spain and underscores its commitment to compliant and secure Web3 fintech innovation. It complements the company's existing authorizations and licenses across the EU, particularly before the Markets in Crypto-Assets (MiCA) regulation takes effect.
"This achievement is a testament to our dedication to seamlessly bridge traditional and Web3 finance while upholding compliance and security as our guiding principles," said Ilya Volkov, CEO and co-founder of YouHodler. "In every country we operate, we prioritize working within the local regulatory framework to provide our users with fully compliant, but at the same time innovative solutions contributing to the development of the entire industry. This milestone signifies YouHodler's steadfast dedication and paves the way for continued expansion throughout Europe and other regions.
Gradual expansion
Contacted by Startupticker.ch, the CEO and co-founder confirms that there is widespread interest for its platform products, adding: “Our focus on expanding has led us to develop a carefully examined expansion plan with a strong priority on European markets, especially Italy, Spain, and France as the next big step in the EU. At the same time, we are still focused on keeping Switzerland at the heart of our operations.”
YouHodler's comprehensive suite of Web3 fintech services is designed to enable a seamless connection between fiat and crypto financial services. The platform offers a powerful tool that helps investors capitalize on market volatility. With the highest loan-to-value (LTV) ratio in the industry, instant credit card and bank withdrawals, and support for more than 50 top coins as collateral, YouHodler caters to a broad spectrum of financial needs. The company also offers a variety of enterprise solutions, enabling companies like cryptocurrency exchanges, digital wallets, and retail digital payment providers to expand their offerings with the support of YouHodler's advanced technology.
(PR – ES)
Picture: Gino Crescoli / Pixabay
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