Blockchain payment firm Coinify completes registration under EU 5th AML Directive

Blockchain payment firm Coinify completes registration under EU 5th AML Directive

With the new EU 5th Anti-Money Laundering directive sweeping Europe and ousting many established crypto companies, blockchain payment firm Coinify today announced it has successfully been registered with the financial services authorities.

“Our commitment to regulation started when Coinify was founded. We have always been compliant with AML. We made no changes to our policies, processes or compliance structure to adhere to this directive, for us, it is business as usual.”
– Mark Højgaard, Coinify CEO and Co-Founder

Coinify is one of the founding members of Blockchain and Virtual Currencies Working Group working with regulators since 2014 shaping the AML5 Directive and always been a pro-regulation company.

“The Board of Directors has been committed to the strongest adherence to sound ethical and compliance standards, and also represented by financial services veterans – it starts with company culture, blindly following policies does not make a compliant company.”
– Hans Henrik Hoffmeyer, Coinify Chairman and Co-Founder

Services of Denmark-based Coinify include: individual cryptocurrency trading, corporate brokerage, payment processing services, and Enterprise solutions via Coinify API.