GLEEC obtains licenses to provide crypto services in 8 countries

Blockchain infrastructure startup GLEEC is on track to achieve global regulatory compliance, with the announcement that it has been granted licenses to offer its cryptocurrency services in no less than eight countries, across the Middle East, Europe and the Americas.

The licenses it has secured will enable GLEEC to offer a range of crypto services in countries such as El Salvador, Poland, Lithuania and Slovakia, as well as the city-state of Dubai, the company said. In addition, it is now licensed to carry out banking services in Canada and Ukraine, and foreign exchange activities in Estonia and Lithuania.

GLEEC’s progress in El Salvador is particularly significant, as the Central American country hit the headlines for becoming the first nation in the world to officially accept Bitcoin. As a result, BTC is now legal tender in El Salvador alongside the US dollar, and is widely accepted as a form of payment. GLEEC is now ready to promote more widespread use of BTC in the country, as it is legally allowed to provide wallet, custody, crypto-to-fiat transfers and payments and other services.

In Canada, meanwhile, GLEEC has secured approval to handle foreign exchange trading, money orders, crypto transfers and more in one of the world’s most developed economies. And in Dubai, it has received approval to conduct crypto asset trading.

GLEEC is in a good position to provide these types of services as it has the infrastructure to support them in place. In addition to the GLEEC token and GLEEC Exchange, it also offers decentralized exchange services and a comprehensive cryptocurrency wallet.

The company is also behind the popular blockchain game GLEEC Racing, which is a play-to-earn racing car simulator that allows players to get behind the virtual wheel and compete for cryptocurrency rewards. Earlier this year, it began hosting its regular weekly Grand Prix series, where winners can earn substantial prizes in GLEEC tokens.

According to GLEEC CEO and founder Daniel Dimitrov, the regulatory approvals it has achieved so far are really just the start, as it ultimately aims to ensure global compliance.

“The company is constantly seeking to achieve global regulatory approval,” he said. “We aim to create a crypto ecosystem with a balanced regulatory framework.”

Blockchain infrastructure startup GLEEC is on track to achieve global regulatory compliance, with the announcement that it has been granted licenses to offer its cryptocurrency services in no less than eight countries, across the Middle East, Europe and the Americas.

The licenses it has secured will enable GLEEC to offer a range of crypto services in countries such as El Salvador, Poland, Lithuania and Slovakia, as well as the city-state of Dubai, the company said. In addition, it is now licensed to carry out banking services in Canada and Ukraine, and foreign exchange activities in Estonia and Lithuania.

GLEEC’s progress in El Salvador is particularly significant, as the Central American country hit the headlines for becoming the first nation in the world to officially accept Bitcoin. As a result, BTC is now legal tender in El Salvador alongside the US dollar, and is widely accepted as a form of payment. GLEEC is now ready to promote more widespread use of BTC in the country, as it is legally allowed to provide wallet, custody, crypto-to-fiat transfers and payments and other services.

In Canada, meanwhile, GLEEC has secured approval to handle foreign exchange trading, money orders, crypto transfers and more in one of the world’s most developed economies. And in Dubai, it has received approval to conduct crypto asset trading.

GLEEC is in a good position to provide these types of services as it has the infrastructure to support them in place. In addition to the GLEEC token and GLEEC Exchange, it also offers decentralized exchange services and a comprehensive cryptocurrency wallet.

The company is also behind the popular blockchain game GLEEC Racing, which is a play-to-earn racing car simulator that allows players to get behind the virtual wheel and compete for cryptocurrency rewards. Earlier this year, it began hosting its regular weekly Grand Prix series, where winners can earn substantial prizes in GLEEC tokens.

According to GLEEC CEO and founder Daniel Dimitrov, the regulatory approvals it has achieved so far are really just the start, as it ultimately aims to ensure global compliance.

“The company is constantly seeking to achieve global regulatory approval,” he said. “We aim to create a crypto ecosystem with a balanced regulatory framework.”