Oslo 5 July 2021 - Norwegian Block Exchange AS (NBX), the first publicly listed
crypto exchange in the Nordics, has today been granted an e-money license from
Finanstilsynet, the Norwegian Financial Supervisory Authority.
The license opens a wide range of opportunities for NBX and is further evidence
of the company's ability to meet regulatory standards.
The e-money license allows NBX to move into products and services currently
offered by traditional financial institutions. It also paves way for easier
collaboration with traditional finance, placing the company in the same
regulatory category as other financial institutions.
- The e-money license is an important step towards being able to offer services
that can enhance the value of cryptocurrencies. Payment solutions and direct
transfers using cryptocurrency to and from your NBX account are opportunities we
are looking into. This gives us an important strategic framework towards
offering a seamless flow between traditional finance and digital finance, says
Stig Aleksander Kjos-Mathisen, CEO of NBX.
An e-money license is a requirement for any company seeking to process payments
and issue e-money. Companies holding this license are governed by the same
standards for compliance, funding and governance as other financial
institutions.
- Being granted an e-money license reflects our ability to meet the highest
standards of governance and compliance. NBX is a Norwegian company, with a
Nordic footprint. Being assessed and regulated by Finanstilsynet gives our
customers and partners added confidence in us as a safe custodian of their
assets, says Kjos-Mathisen.
Before starting the business subject to licensing, NBX must submit certain
supplementary documentation i.a. related to compliance and governance.
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Contact persons:
Stig Kjos-Mathisen -CEO
Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 932 87 574
Torstein Thinn - CFO
Mail: torstein.thinn@nbx.com, Phone: +47 986 44 144
About NBX: Truly Norwegian cryptocurrency exchange and custodian. Based in Oslo
and registered with the Financial Supervisory Authority of Norway. NBX offers
everyone easy and secure access to cryptocurrency, focusing on the Nordic
markets, but open for customers globally.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Torstein Thinn on the time and date set
out above.