The Good Tech Companies - Fastex Receives In-Principle Approval for a VFA Category 4 License from Malta’s MFSA

Episode Date: October 22, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/fastex-receives-in-principle-approval-for-a-vfa-category-4-license-from-maltas-mfsa. Fastex Secures In-Principle Approval for VFA Category 4 License from Malta’s MFSA, Paving the Way for MiCA Compliance Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #fastex, #web3-ecosystems, #good-company, #virtual-currency-exchange, #vfa-category-4-license, #web3-ecosystem-in-dubai, #press-release, and more. This story was written by: @pressreleases. Learn more about this writer by checking @pressreleases's about page, and for more stories, please visit hackernoon.com. Fastex, a leading Web3 ecosystem in blockchain and crypto industries, announces that it has received in-principle approval from the Malta Financial Services Authority (MFSA) for a Virtual Financial Assets (VFA) Category 4 License. This approval represents a key regulatory step for Fastex as it continues its strategic growth in Europe.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. FastX receives in-principle approval for a VFA Category 4 license from Malta by Hacker Noon Press Releases. October 21, 2024, Dubai, UAE FastX, a leading Web3 ecosystem in blockchain and crypto industries, announces that it has received in principle approval from the Malta Financial Services Authority, MFSA, for a Virtual Financial Assets, VFA, Category 4 license. This approval represents a key regulatory step for FastEx as it continues its strategic growth in Europe. Malta was chosen by FastEx as its preferred jurisdiction due to its strong regulatory framework for blockchain and crypto businesses. Greater than, we are proud to receive in principle approval from the MFSA for our VFA greater than category 4 license, marking a pivotal step in FastX's regulatory journey.

Greater than this approval reinforces our dedication to meeting the highest regulatory greater than standards as we prepare for a seamless transition to MICA by the end of 2024. Greater than mentioned Vardhan Kachadrian, the chief legal officer and member of the board greater than of directors at FastEx. It is important to mention that FastEx has already received initial approval from Virtual Assets Regulatory Authority of Dubai, VARA, as well as has been granted a virtual currency exchange operator and depository virtual currency wallet operator registration in lithuania fastx aims to become a fully licensed and regulated platform across europe and once the transition to me see ice complete it will be able to passport its license across european economic area eea member states further enhancing its ability to provide secure and compliant web3 solutions to its global

user base. About FastX. FastX is the all-encompassing ecosystem that redefines the Web3 experience. FastX stands at the forefront of blockchain and AI technology, seamlessly blending vast opportunities within a unified and user-friendly environment, such as FastX Exchange, FastX Wallet, FastX Card, and the e-commerce platform FTNFT platform, with Fijital Spaces and YoHealth Health promoting mobile application. FastX distinguishes itself by prioritizing regulatory compliance, ensuring a secure and reliable experience for all users in the evolving landscape of Web3. And thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.