Karma passed the KYC procedure in GFC bank EU

Hello, dear friends!

One more important milestone have been passed: after 2 months of complex KYC (Know Your Customer) procedures we can officially exchange crypto to fiat and back.

Why is it so important?

1. First of all, it helps to manage our Karma funds, lowering down the currency risks.
2. It is an absolutely legal gateway for cross-border transactions, which will connect our European investors with borrowers from other countries.
3. Goodwill of Karma. For many people (and even governments) cryptocurrency and blockchain still associated with something unlawful and “dark”. Every day we hear more stories about police visiting crypto teams' offices. But you will never build worldwide trustworthy economy without providing guaranties for you community and partners. So, our goal to be 100% legal is coming true.

GFC Good Finance Company AS is a Payment Institution which obtained a License 4.1–1/22, issued by the Financial Supervision Authority (FSA)of Estonia. Payment Institution was established and acts as provider of payment services according to EU Payment Directive 2007/64/EU.

Cheers
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