HODLTech Secures Canadian Foreign Money Services Business (FMSB) Status, Gains Long-Term Commitment from CoinPayments

TALLINN, Estonia, June 10, 2020 /CNW/ - HODLTech, the leading supplier of digital wallet infrastructure and custodianship services for cryptocurrencies and other digital assets today announced its approved registration as a Foreign Canadian Money Services Business (FMSB), while also securing a long-term agreement with global cryptocurrency payments processor CoinPayments to continue providing regulated wallet services.

While licensed and regulated in Estonia, HODLTech's Canadian FMSB registration will drive further growth in regulated markets. Under the terms of the new regulatory status level, HODLTech now has all compliance procedures in place which will allow for new partnerships and crypto-to-fiat settlement services.

"Our new regulatory status in Canada is a natural progression for our goals as an organization," said HODLTech Money Laundering Reporting Officer Raj Khangura. "We see a future of mainstream, regulated cryptocurrency transactions, and our FMSB license will now allow us to aggressively pursue new growth opportunities and partnerships."

The HODLTech-CoinPayments partnership is critical for both organizations," added CoinPayments CEO Jason Butcher. "With this new FMSB status which HODLtech has received  together with our various international financial services partners we're confident that CoinPayments merchants will see new features and clear regulatory guidance going forward."

HODLTech has provided regulated wallet services to CoinPayments since 2018.

About HODLTech
HODLTech is a leading supplier of digital wallet infrastructure and custodianship services for crypto currencies and other digital assets.

About CoinPayments
CoinPayments is the easiest, fastest and most secure way for merchants worldwide to transact in cryptocurrencies. It is the first and largest cryptocurrency payments processor with more than US $5 billion in total transactions to date, while supporting more than 1,900 coins, and is the preferred cryptocurrency payment solution for merchants and eCommerce platform providers worldwide. Founded in 2013 and headquartered in the Cayman Islands, CoinPayments is dedicated to providing clients with fast, secure and user-friendly crypto payment APIs, shopping cart plugins, digital wallets, and a host of other solutions supporting cryptocurrency payment applications. Learn more at: https://www.coinpayments.net/

SOURCE HODLTech

Media Contact: John Cook, Rally Point Media Strategies, [email protected] | +1.585.737.7546