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Electroneum
United Kingdom
2016 (9 Years)
Last online: No recent activity
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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 Electroneum
Company Information
Get to know Electroneum
Electroneum is a digital payments ecosystem that allows anyone to store, send and receive digital funds via their smartphone. A new era of digital payments is needed to unlock the global economy for more than 1.7 billion unbanked people worldwide. They are using the power of blockchain to unlock the global digital economy for millions of people in the developing world. Helping everyone to live life on their own terms, their solution is enabling people to embrace their entrepreneurial spirit and find new ways to enhance their lives. Their mobile-based payments solution is powered by ETN - the world’s fastest and first KYC/AML compliant cryptocurrency. ETN is a store of value that can be used to purchase everyday items, from bread and milk, to mobile phone top ups. When used in conjunction with the Electroneum mobile application, users can transfer ETN to anyone in an instant, either in person or remotely.
Industry
- Financial Other ServicePRIMARY
- Financial PSP Gateway
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