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RevoluGROUP Canada Inc V.REVO

RevoluGROUP Canada Inc. is a Canada-based multi-asset, multidivisional payment services directive 2 (PSD2) central bank licensed company. The Company is deploying advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resort, blockchain systems, and fintech app sectors. Its segments include Travelucion S.L., RevoluPAY S.L., RP Payments S.L. and RevoluSEND. Travelucion S.L. is a licensed tour operator facilitator of RevoluVIP travel to +130 countries. RevoluPAY S.L. is a European Union (EU) PSD2 Licensed Neobank, a remittance and payment app designed as a payment platform. Its RP Payments S.L. segment is engaged in management of revenue verticals, central bank approved crypto exchange and storage. Its RevoluSEND segment offers family remittances and money transfers up to 3000 Euros (or foreign currency equivalent) to 117 countries.


TSXV:REVO - Post by User

Post by Jaytee123on May 25, 2023 8:55pm
157 Views
Post# 35464984

Remember this?

Remember this?

"How does your company intend to meet these crypto regulations to assist digital currency exchanges?", asked Jolly.


"We have had to delay the launch of our Huobi and Dsdaq white labels because of the new interest in regulators to do this," shared Marshall. "As soon as the European Union introduced the guidelines for entities like us to receive approval, we applied in December for the new licensing," he explained. "Now, it is simply a waiting game," he added. 


"This means that we could possibly be one of the first payment institutions in Europe to be approved for bilateral crypto trading, and the ramifications of this are quite important."  

MICA wasn't formerly approved till recently.  It sure sounds like there was regulatory issues that needed to be resolved. 

but the question still remains.... will these two exchanges (owned by the parent Huobi btw) make the necessary move to acquire the licenses needed in order to operate in Europe and beyond?

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