Fellow CrowdWiz-ers, are you ready for the big news we all have been eagerly waiting for? Yes, it’s now fact — CrowdWiz just got the two key Estonian crypto licenses — as promised.
On the 23rd of October, 2018, the Estonian Financial Intelligence Unit (FIU) awarded its cryptocurrency exchange and wallet service provider licenses to CrowdWiz. Аfter being thoroughly scrutinized for legal, financial, as well as AML and KYC rules compliance for months, CrowdWiz is now legally allowed to provide services for exchange of fiat to crypto, crypto to fiat, and crypto to crypto. The second license entitles us to provide virtual currency wallet services, including both hot and cold wallets, so we can generate and keep encrypted keys on behalf of our clients. This means CrowdWiz is now authorised to offer custodial services of the credentials necessary to keep, store and transfer virtual currencies.
CrowdWiz Steps Into The Future with New Licenses
After having obtained both licenses, CrowdWiz will take a lead in advancing its regulated exchange activities, as demanded by the future users of WizExchange. The Beta version of the product is expected to be released on a later stage this year. The ultimate goal of it is to give liberated investing that returns the overall funds control back to the individual shareholders by eliminating any capital management mediators. Perhaps, this is known to be the major reason ICOs come into existence, even though just a few projects manage to successfully execute this aim.
The game-changing platform CrowdWiz has not only granted the Estonian cryptocurrency licensed but it has also successfully completed its ICO project. As a follow-up step, the venture will place a major emphasis on the strengthening of the product. What is more, the WIZ token is now available to all traders and investors on the major cryptocurrency exchanges.
What Does This Mean for CrowdWiz?
CrowdWiz is not only a unique trading and investment instrument but a game-changing WIZ Token ecosystem. It is a consolidated environment that makes individuals’ investments democratic and liberal by granting back investing power to the community.
By obtaining the Estonian license, CrowdWiz will have the enhanced opportunity to offer virtual currency exchange services to individuals who can trade fiat to cryptocurrencies and vise versa. What is more, the virtual currency wallet will help users in storing their funds in a safely encrypted storage space that can be reached any time.
If you would like to learn more about what you can expect from the CrowdWiz project, please check our roadmap.
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