B21, developers of a mobile application exclusively for crypto assets, today announced it has been granted an in-principle Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commissioner (GFSC).
The app will be available in Europe and Asia at launch in Q4 2019, with plans to enter the US market in 2020. As a regulated service provider and custodian, B21 underwent rigorous due diligence to earn its DLT and joins a select few cryptocurrency firms to achieve the distinction.
“While crypto investing is still in its early days, what’s become quite clear is consumer demand for platforms that help them easily purchase and manage their digital assets in a safe, legal, and compliant manner. We welcome the scrutiny and increased regulation of the sector. By obtaining our DLT license and becoming the only regulated crypto investment app, we’re demonstrating our commitment to users and supporting widespread crypto adoption.”
– Miles Paschini, Co-Founder of B21
The B21 platform utilizes multiple liquidity providers to ensure optimal trade execution, and offers the fastest way to buy or sell multiple crypto assets in a single order. The app also allows users to purchase cash vouchers in local currencies to fund their B21 account.
The app is available in English, Russian, Japanese, Korean and Spanish, with support for additional languages to follow.