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HomeBankingCashaa: Launched Crypto Business/Broker

Cashaa: Launched Crypto Business/Broker

Date:

Cashaa: Launched Crypto Business/Broker

  • Launch of a “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering
  • Mission is also to help crypto businesses get access to banking who have always struggled with traditional banks
  • Started operations in partnership with an FCA regulated entity intending also to become the go-to banking services provider
  • The Fifth Money Laundering Directive (5AMLD) became compulsory for European states from 10th Jan 2020
  • Cashaa’s “Crypto Business/Broker” account will also have coded policies and systems to mitigate the risk of the business
  • From 22nd January onwards, businesses will be able to get a crypto broker account for Pound Sterling (GBP) and Euro (EUR)

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