ONUS is extremely proud to announce that ONUS Finance UAB – Owner of the ONUS application, has been granted a license to operate as a crypto asset service provider by the Lithuania government on May 26th, 2022. ONUS can now expand its operation to other European countries, excluding countries with separate regulations. Licensing information is stored at the register of legal entities, Vilnius branch, code 124110246.
During the hard work of our international market development team and legal advisor partners, we are pleased that the efforts nhave been recognized and meet the stringent criteria to receive official permission.
Crypto License allows ONUS to provide crypto-asset trading, custodian service, digital asset wallet, and portfolio management to customers globally under the supervision of regulatory agencies in Lithuania. As one of the earliest members of the European Blockchain Partnership (EBP), Lithuania has stated its support for the cross-border delivery of digital services while at the same time complying with security and privacy standards.
Quang Chien, CEO of ONUS, said: “Compliance with government regulations regarding cryptocurrencies is essential. This demonstrates ONUS’s commitment to complying with the government’s legal regulations. We are always ready to coordinate with legislative agencies to consult and contribute ideas to build a legal framework for cryptocurrency in all countries that have ONUS’ presence.”
“This official license helps us the confidence to develop new products in the ONUS ecosystem. In September 2022, ONUS Finance will officially launch the ONUS Pro platform, an exchange with high performance and great liquidity, serving the professional investor community worldwide.” CEO Chien added.
ONUS will work hard to obtain new licenses to meet the regulations of many jurisdictions worldwide, promoting transparent and sustainable development.