Northcrypto added to the FIN-FSA register as a virtual currency provider
The registration application was accepted among the first companies today.
In May, a law on virtual currency providers made Northcrypto required to register with the Finnish Financial Supervisory Authority. The registration included a comprehensive review of eg. security, risk management systems, operating model and staff backgrounds. In short, as Northcrypto operates under the supervision of the Financial Supervisory Authority, its services will continue to comply with all applicable laws, regulations and the best financial industry practices.
Operating under the supervision of the FIN-FSA guarantees the customer a regulated, reliable and safe trading platform for cryptocurrencies. More information on the registration can be found on the Finnish Financial Supervisory Authority's website.