Crypto Authorisation Completes Fasset’s EU Expansion

Crypto Authorisation Completes Fasset’s EU Expansion

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 license, 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.” The EU continues to be a global leader in digital asset adoption with Central, Northern and Western Europe outpacing all other regions to be the biggest cryptocurrency economy in the world. Representing a quarter of global cryptocurrency activity worth over $1trillion