Finoa

On February 28, it was reported that the encryption custodian Finoa had obtained three license approvals from the German financial regulator BaFin, including the custody approval, the approval of the broker-dealer and the approval of the proprietary trading license, which allowed the company to trade with its own funds. Interpretation of this information: Finoa, an encryption custodian company, has made headlines recently after receiving three license approvals from the German financial regulator BaFin. The licenses granted include a custody approval, a broker-dealer approval, and a proprietary trading approval. The custody…