HARU INVEST SECURES VIRTUAL ASSET SERVICE PROVIDER AUTHORISATION TO OPERATE IN LITHUANIA

KUALA LUMPUR, March 27 (Bernama) -- Haru Invest, a digital asset management platform, announced Haru EU Limited UAB, its European Union (EU) incorporated subsidiary, has become an authorised Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania.

As a VASP authorised business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway.

“Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services,” said its Chief Executive Officer, Hugo Lee.

According to Haru Invest in a statement, this VASP authorisation officially allows the company to support the Euro currency directly, enabling EU countries to buy and trade between crypto and Euro seamlessly.

As part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations.

Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses.

Evaluated as a fintech hub in the EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania.

With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals.

-- BERNAMA