Wallex Trust & Custody, a US and European based fintech company that provides cross-border trust and custody services to its clients, particularly in Europe, Asia and Africa, has announced that it has a crypto and insurance license issued by Comoros International for banks has received Banking Authority (CIBA). This official recognition as a bank charter enables Wallex to operate and offer banking and insurance services for assets and digital assets in particular in the Union of the Comoros and in particular on a global scale.
CIBA authorizes Wallex Bank
To be officially referred to as Wallex Bank, CIBA authorizes Wallex Bank to provide banking and insurance services to non-residents of the Union of Comoros with various obligations set out in the regulation. It specifies the supply of business services to, including issuing its own deposit products, providing loans and raising funds, conducting currency and exchange transactions, and holding assets and other financial instruments on behalf of third parties.
Wallex Bank prides itself on its newly acquired extensive banking services covering custodians, guarantee business, multi-currency account management, asset management, financial engineering and even investment advice.
“We are very proud of our achievements and Wallex Bank will present our next step.” – – Simone Mazzuca (founder and director)
Africa about to steal the spotlight
The time to grant the bank charter cannot come at a better time when the African continent is in the spotlight with the adoption of cryptocurrencies and the ancillary services needed for processing and facilitation. The exciting thing about the presence of the Wallex Bank is the wide opening of the doors for uninterrupted trading in cryptocurrencies. Eligible customers will find a reliable cryptocurrency exchange operator in the Wallex Bank, who ensures the opening of crypto accounts, the storage of crypto currencies, the acceptance of crypto deposits, the issuance of security tokens and crypto currencies as well as ensuring liquidity and insurance in all crypto deposit matters.
Of course, Wallex Bank has in its directional program the methodical structure of operations to ensure an optimized user experience. Wallex has the world in view and is focused on strengthening its foundations to serve the people and lay the foundation for expansion and development.
As the fragmented economic turmoil on the African continent further escalates regional inflation and thereby devalues other national currencies, the population groups are turning to cryptocurrencies in order to stop the negative effects of certain fiscal policy measures. As the Wallex Bank Africa already exists and the new introduction with the decision of the CIBA to grant the Wallex Bank a banking charter is a turning point for the possible progress through digitization of the national and global industry, starting with cryptocurrencies.
It’s no surprise to Wallex to take another step in the financial world and introduce a new giant in the new financial industry of the digital age. It is Simone Mazzuca’s visionary leadership who will provide the impetus to strengthen the country’s competitiveness on the African financial arena and to provide revolutionary services on a global scale.
“I believe our re-mapped banking services will mediate the movement of values between fiat and crypto on the way to global notoriety and usage and create a better future for all.” – – Simone Mazzuca
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