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Palarin
United States
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 Palarin
Company Information
Get to know Palarin
Based in California, Palarin is a startup that works to transform remittances using bitcoin technology. It offers an online exchange wallet that provides bitcoin access to the Philippines market. It allows users to send money to the Philippines using bitcoins while allowing recipients to receive funds in the local currency. Migrant users of the wallet are able to select how much they want to buy in the digital currency at a price set by Palarin and then make a fiat currency deposit. Filipinos who want to purchase bitcoins are required to deposit the needed amount in pesos at a member bank. The company was founded in 2014.
Industry
- Crypto CryptocurrencyPRIMARY
- Financial Other Service
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