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Bity
Switzerland
01 Jan 2014 (11 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Bity
Company Information
Get to know Bity
Founded in January 2014 as a Swiss-based FinTech startup, Bity is positioned at the intersection of finance, technology and innovation. Bity connects people with the shared economy by simplifying the conversion from traditional money into cryptocurrencies and Blockchain assets. Their mission is to build a universal cryptocurrency gateway to empower digital nations. They believe in a decentralized economy that will help to build a better financial world, one that is fair and accessible to everyone. Bity is a fully regulated, FINMA compliant, VQF member, KPMG oversight and audited. Bity provides a cryptocurrency exchange platform for customers, a network of BTMs / CTMs (cryptocurrency teller machines) in Switzerland, crypto to fiat and fiat to crypto online bill pay solution, crypto exchange API for business, over-the-counter trading, affiliate programs, and more.
Industry
- Crypto CryptocurrencyPRIMARY
- Financial Other Service
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