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Konnect Mobile Communications
Canada
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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 Konnect Mobile Communications
Company Information
Get to know Konnect Mobile Communications
Konnect Mobile Communications Inc. (KONNECT) is proud to be a Canadian technology company. Konnect develops and innovates technologies that connect businesses and consumers in their everyday lives. Konnect primarily develops BLUE OCEAN products in the areas of FINTECH and COMMUNICATIONS. Konnect is currently focused on the disruption of the global payments, currency and remittance markets. Konnect's goal is to create products and services that empower both consumers and businesses, giving them back the control over their money and finances. Konnect will first disrupt the market by launching the Paysocial Wallet into the Canadian market place. Paysocial is a mobile payment and money transfer service that features cashback rewards, viral social affiliate programs and targeted in-app advertisements.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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