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Crypto ecosystem GLEEC secures nine regulatory licenses: Canada, Europe, Middle East, LATAM

Rick Steves

“We aim to create a crypto ecosystem with a balanced regulatory framework.”

GLEEC has announced it obtained nine regulatory licenses, across eight countries in the Middle East, Latin America, and Europe, allowing it to set up blockchain, crypto and financial infrastructure across several countries.

The British Columbia-registered crypto ecosystem offers users over 100 tokens in pairs to trade as well as other services, including a play-to-earn racing ecosystem in partnership with Buggyra Racing Team.

The crypto platform is powered by the GLEEC token, a Komodo Smart Chain-built coin with a total supply of 210 million coins that is available on several top centralized exchanges including Bittrex, HitBTC and the native exchange, Gleec BTC Exchange.

The GLEEC token comes with a range of functionalities on several applications and can be used to top up the Visa Gleec Card and pay for goods and services.

Dubai, El Salvador, Poland, Lithuania, Slovakia, Canada, Ukraine, Estonia

Five of the nine licenses were exclusively for crypto services and were obtained in Dubai, El Salvador, Poland, Lithuania and Slovakia. The other four include a Canadian MSB license and a Ukrainian EMI license for banking, with Lithuania and Estonia giving them cross-border transaction licenses.

GLEEC offers a crypto ecosystem focused on trading, metaverse and the Gleec Racing game and is committed to meet the highest standards for regulatory compliance t0 ensure trust among market participants and partners.

Daniel Dimitrov, Founder and CEO of GLEEC, said the licenses are a “directive to offer a growing local crypto ecosystem” and “a balanced regulatory framework” for their users. “The company is constantly [working] to attain global regulatory approval. We aim to create a crypto ecosystem with a balanced regulatory framework.”

GLEEC allowed to provide crypto custody, payments, exchange, trading

The company went through an intense path with each regulator in every jurisdiction in order for them to grant the license. The firm explained further the scope of the following licenses:

  • The El Salvador license aims to give users more utility in their crypto transactions, allowing the company to custody Bitcoin (BTC), provide BTC wallets, process crypto payments, act as a digital asset exchange and offer more services within the Bitcoin ecosystem.
  • The Canadian Money Services Business (MSB) license, on its part, allows GLEEC to perform foreign exchange dealings, issuing or redeeming money orders, money transferring and also dealing in virtual currencies.
  • The licenses obtained in Dubai (UAE) are fully focused on asset trading on cryptocurrencies. With the city planning to become the region’s hub of innovation and finance, the license draws users to the country, especially crypto companies and holders.
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