Everest Receives Custodian Approval
Everest has been operating as a regulated custodian under the transitory provisions of the Virtual Financial Assets (VFA) License from the Maltese Financial Services Authority (MFSA) since October of 2018. The latest in principle approval is the final step in receiving a VFA license. The services Everest provides to experienced and non-experienced users are the following:
Everest’s unique CRDT token, a VFA, empowers businesses and users to program fiat currencies for specific purposes, times, places. Such a universally programmable and regulated currency opens up international market access, and various use-cases, including conversion to crypto, access to trading, cross-border, DeFi and other services. With integrated KYC/AML, digital identity, plus the ability to reach all of humanity (including the 4 billion without smartphones), and an L2 ledger (fast and low-cost), Everest delivers a complete solution.