The project works with several companies worldwide in order to operate according to the regulations of each legislation in which My NEO Group platforms are available.
EMI licenses are issued by the Lithuanian Central Bank. This state regulator, as well as other government institutions issuing licenses in Europe, is guided by the 2009-110 EC Directive, which is the basis of law for issuing electronic money.
Virtual asset service provider (VASP) license in Estonia under the amended Money Laundering and Terrorist Financing Prevention Act.
Card issuing is the creation of a physical or virtual payment instrument.
The first category of services includes the generation and storage of encrypted customer keys.
The second category of services is the cryptocurrency exchange for fiat money or vice versa, or cryptocurrency for another cryptocurrency.
Last modified 2mo ago