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Haru Invest’s European Union Registered Subsidiary Becomes Operating Headquarters: Enabling EU Countries to Purchase and Trade Between Cryptocurrencies and Euros

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On March 27th, the digital asset management platform Haru Invest announced that its European Union registered subsidiary Haru EULimited UAB has become its European Union operating

Haru Invests European Union Registered Subsidiary Becomes Operating Headquarters: Enabling EU Countries to Purchase and Trade Between Cryptocurrencies and Euros

On March 27th, the digital asset management platform Haru Invest announced that its European Union registered subsidiary Haru EULimited UAB has become its European Union operating headquarters. As a VASP licensed enterprise, Haru Invest can now provide encrypted exchange and wallet/hosting services. It is reported that the VASP authorization officially allows the company to directly support euro currencies, enabling EU countries to purchase and trade between cryptocurrencies and euros.

Cryptographic asset management platform Haru Invest has obtained the VASP authorization from Lithuania for its EU business

With the popularity of cryptocurrencies increasing, more and more people are getting interested in investing and trading with them. However, for smooth transactions, reliable digital asset management platforms are needed. That is why the recent news of Haru Invest’s European Union registered subsidiary Haru EULimited UAB becoming its European Union operating headquarters is so significant.

The VASP License

On March 27th, Haru Invest announced that it had obtained a VASP (virtual asset service providers) license from the European Union. This means that the company is now authorized to provide encrypted exchange and wallet/hosting services. A VASP license is an important authorization for entities dealing with cryptocurrencies as it ensures they conform to anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.

Haru Invest’s New Capabilities

The VASP authorization means that Haru Invest can now directly support euro currencies. This will enable EU countries to purchase and trade between cryptocurrencies and euros. Before this, Haru Invest could only support U.S. dollars, Japanese yen, and Korean won. Expanding to European euros was an important strategic decision for the company, as it aligns with its objective to become a leading digital asset management platform in Europe.

The Significance of Haru Invest’s Move

Haru Invest’s move to become a European Union operating headquarters is a strategic one aimed at increasing operational efficiency, scalability, and regulatory compliance. The establishment of an operating headquarters means that the company will have a central hub for all its European Union activities. This includes customer service, product development, and compliance functions. With a centralized structure, Haru Invest can ensure consistency across all its European Union operations.

Conclusion

The announcement of Haru Invest’s European Union registered subsidiary Haru EULimited UAB becoming its European Union operating headquarters is significant news for those interested in cryptocurrencies. The VASP license the company has obtained will allow it to directly support euro currencies, making it easier for EU countries to purchase and trade between cryptocurrencies and euros. The move will also increase operational efficiency, scalability, and regulatory compliance for the company.

FAQs

**Q1. What is a VASP license?**
A1. A VASP license is an important authorization for entities dealing with cryptocurrencies as it ensures they conform to anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.
**Q2. What currencies could Haru Invest support before obtaining the VASP license?**
A2. Before obtaining the VASP license, Haru Invest could only support U.S. dollars, Japanese yen, and Korean won.
**Q3. What is the significance of Haru Invest’s move to become a European Union operating headquarters?**
A3. The move will increase operational efficiency, scalability, and regulatory compliance. With a centralized structure, Haru Invest can ensure consistency across all its European Union operations.

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