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Hex Trust Scores Regulatory Approval With Authorities in France

Published 02/08/2023, 14:40
Updated 02/08/2023, 14:45
Hex Trust Scores Regulatory Approval With Authorities in France

  • Hong Kong-based crypto asset custodian Hex Trust secures regulatory registration with authorities in France.

  • The registration comes a year after it registered to offer its services in Italy.

  • Hex Trust CEO says the registration will help the company expand its foothold in Europe.

Hex Trust, a digital asset custodian, has received a regulatory pass to set up operations in France. According to the announcement, the Hong Kong-based company obtained a registration from the Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France.

Specifically, the company obtained a Digital Asset Service Provider (DASP) registration, enabling it to offer services to users in France. As a result, users can now buy, sell, trade, and exchange crypto assets on its platform. Similarly, users can trade and exchange crypto assets for fiat and other digital assets.

Per the details of the announcement, the DASP registration is a significant milestone for the company, especially as it seeks to expand its operations in Europe. Speaking on the event, Alessio Quaglini, Hex Trust CEO, said the license is proof of the company’s commit…

The post Hex Trust Scores Regulatory Approval With Authorities in France appeared first on Coin Edition.

The post Hex Trust Scores Regulatory Approval With Authorities in France appeared first on Coin Edition.

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