Cryptocurrency broker Voyager Digital’s subsidiary has been approved as “fit and proper” by two French regulatory bodies, Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR).
Voyager Digital is a publicly traded cryptocurrency platform in the U.S. that was founded in 2018. The firm closed the merger of its European operations into LGO Europe SAS in December.
Voyager Digital plans to launch its trading app in several European countries late in the first quarter of 2022, said Steve Ehrlich, CEO of Voyager.
Ehrlich said Voyager’s recent acquisition of crypto payment company Coinify August would aid its launch in Europe, given that Coinify has “fully compliant KYC [Know Your Customer] and AML [Anti Money Laundering] solutions as well as fiat on-ramps in over 20 currencies.”
- The broker claimed it is the first non-French, non-European firm to receive the “fit and proper” designation from the AMF and ACPR.
- “This recognition is a major step in the process to bring the Voyager app and product suite to European customers and continues our vision of building Voyager into a truly global financial services company,” said Ehrlich in a statement.
By By Tanzeel Akhtar from COINDESK