blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
BET NOW
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BET NOW
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Pundi X Registers with FINTRAC to Offer Money Services in Canada

Umair Younas by Umair Younas
March 24, 2023 - 1:19 pm
in blockchain news
0
pundi x
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Singapore-based Pundi X has announced that the platform has accomplished registration with FINTRAC. The company has been allowed by the regulatory authority to carry out its money-related business within the jurisdiction of Canada. Following getting approval from the Canadian regulator, the firm is permitted to offer its services within the country.

Canadian FINTRAC Authorizes Pundi X to Offer Financial Services in Canada

This move plays the role of a landmark in the advancement endeavours taken by the platform. Zac Cheah (the co-founder and CEO of Pundi X Labs) expressed his comments on this achievement. He stated that the registration will allow the company to provide exclusive payment solutions based on the latest blockchain technology in Canada. As a result of this, the people living in the country will be able to avail the of convenient as well as rapid payment services.

The executive mentioned that blockchain technology will potentially revolutionize payment procedures. Along with this, he added, the registration will lead to the arrival of unique financial technology to the market of Canada. Moreover, this would pave the way for the worldwide adoption of crypto and blockchain technology around the world. In this way, the firm will be assisted a lot in achieving its long-term vision and objectives to facilitate more and more people.

The authorization from FINTRAC enables Pundi X to run as a platform providing financial services to the citizens of Canada. In addition to this, the firm can also offer services dealing with digital currencies and payment processing. The platform says that it is determined to abide by the entirety of the relevant regulations. It also intends to guarantee the user-friendliness, dependability, and security of the services provided by it.

Platforms Eyes to Expand Crypto and Blockchain Adoption by Assisting Individuals and Businesses

Cheah disclosed that the firm will do its best to let its consumers avail of the finest payment solutions based on the Web3 sector. Apart from that, the executive also expressed that the people living in Canada will receive the project and its services positively. In his words, the firm will work in collaboration with the individuals and businesses operating within the country. He considers that such efforts would help them organize their crypto-related payment procedures as well as leverage blockchain technology to revolutionize.

Tags: AdoptionBlockchainBlockchainTechnologyRegulationWeb3
ShareTweet
Umair Younas

Umair Younas

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Recommended For You

EOS EVM v0.5.0 Launches, Facilitating Yield+ Liquidity Mining on EOS EVM

by Mushu Butt
May 31, 2023 - 1:12 pm
0
eos evm

EOS EVM v0.5.0 release brings Yield+ Liquidity Mining to the EOS ecosystem. A major milestone for EOS, showcasing rapid development and growth.

Read more

Anoma Secures $25 Million to Propel Third-Generation Intent-Centric Architecture

by Mushu Butt
May 31, 2023 - 1:00 pm
0
anoma foundation

The Anoma Foundation has triumphantly concluded a $25 million fundraising campaign to fuel the advancement of Anoma's intent-centric architecture.

Read more

The Future of Centralized Stablecoins: Die, Thrive, or Change?

by Max Clark
May 31, 2023 - 11:01 am
0
Stablecoins

Explore the tumultuous future of centralized stablecoins amidst increasing regulation, market turbulence, and evolving practices.

Read more

Deutsche Telekom Announces Integration with Polygon Blockchain, Becomes One of the Top 100 Validators

by Shayan Chowdhury
May 31, 2023 - 9:29 am
0
telekom polygon

Deutsche Telekom joins Polygon as a validator, bolstering blockchain technology's growth and mainstream adoption.

Read more

Tenet Joins Forces with LayerZero to Drive Omnichain Adoption of LSDs

by Mushu Butt
May 30, 2023 - 4:00 pm
0
layerzero

Layer-1 ecosystem Tenet partners with LayerZero to boost omnichain adoption of LSDs, enhancing its accessibility in the broader blockchain ecosystem.

Read more
Next Post
animoca brands

Animoca Brands Faces Metaverse Fund Setback as Target Reductions Continue Amid Market Turbulence

PARTNERS LIST

  • sp

PRESS RELEASE

imageedithAICLCD

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

by Chainwire
May 31, 2023 - 2:06 pm
0

London, United Kingdom, May 31st, 2023, ChainwireMarking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled...

photoy

Ripple (XRP) Price Prediction – Ripple (XRP) Struggles to Hold Leading Position with HedgeUp (HDUP) and Solana (SOL) Covering Crypto Ground

by Max Clark
May 31, 2023 - 12:51 pm
0

Explore the high-stakes world of cryptocurrencies as Ripple (XRP) fights to maintain its leading position against rising contenders, HedgeUp (HDUP)...

tms network tmsn

TMS Network (TMSN) Makes Market Bullish with 3000% Gains While Kava (KAVA) Price Surges 40%

by Josh Fernandez
May 31, 2023 - 11:22 am
0

Discover the latest trends in the cryptocurrency market where TMS Network (TMSN) stuns with a 3000% growth in presale, making...

MZInvestDOjSBpFmtG

MetaZone Secures Funding to Expand the World’s First Tokenized App Platform for the Metaverse

by Chainwire
May 30, 2023 - 3:22 pm
0

Singapore, Singapore, May 30th, 2023, ChainwireMetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise