UAE Business: Fasset to expand crypto operations in European Union – Gulf Digital News

UAE Business: Fasset to expand crypto operations in European Union – Gulf Digital News

Fasset, a global digital asset gateway, has announced its entrance into the European Union (EU) after it secured a cryptocurrency authorisation. With the authorisation, Fasset will strengthen its global operations to serve the growing digital asset sector in the EU market and beyond.

Fasset previously secured three separate full authorisations from the Labuan Financial Services Authority and as part of the company’s long-term growth strategy, this latest milestone will allow Fasset to bring its frictionless digital asset services to more retail and institutional investors across the world as it strengthens its presence globally.

Celebrating the achievement, Mohammad Raafi Hossain, Fasset Co-Founder and Chief Executive Officer, and former Advisor to the UAE Prime Minister’s Office said: “The digital asset sector has become an undeniable force in today’s financial and technological landscape. The EU is a hotbed for crypto activity, with a number of member states leading the charge in both innovation and implementation.

“With this licence, Fasset can continue on its mission of enabling greater access to crypto assets, bringing investors a step closer to the future of finance. The EU will serve as a cornerstone as we look to connect the remittance corridor between the West and the East.”

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