Does any one know what's going on with USA and Singapore regulations? Or when Lykke will release the promised lykke credit card?
Latest update about the regulatory front is this:
United States
The legal entity of Lykke Securities (SEC Broker) has been registered with the state of New Jersey, which means that Lykke Securities is officially recognized as a New Jersey company. The registrations for the legal entity Lykke Dealer (CFTC Broker) have been completed at U.S. Federal, state, and city levels. The U.S. National Futures Association has issued an ID for Lykke Dealer.
United Kingdom
Lykke UK has onboarded an additional cryptocurrency liquidity provider. The MTF application process is being discussed, and an FCA representative had been allocated. An application package in compliance with MiFID (II) standards is in the process of being updated for submission.
Cyprus
Lykke Cyprus is one step away from achieving its licenses. The Lykke Investment Firm is in the final stage of being authorised by the Cyprus Securities and Exchange Commission, and it is ready to serve clients for trading, portfolio management, and investment advice and research. We have already received a response from the Central Bank of Cyprus for our Electronic Money Institution license, which has also proceeded to the next phase. The Lykke EMI will be ready to serve any type of client for all electronic payments.
Singapore
Lykke Singapore has established a Singapore holding company called Lykke Corp Pte Ltd. We will be establishing two new entities as subsidiaries in the next few months: Regulated Exchange Activities and Asset Management. We have also defined our regulatory MAS licensing strategy, which includes RMO, or the Exchange Licence; SVF, or E-Wallet; Custody; Remittance Licence; Asset Management; and Crowdfunding. In addition, we have prepared our roadmap for unregulated products in the area of non-securities trading, namely Singapore Wallet, and we are localizing the Terms and Conditions and the Know Your Customer and Anti-Money Laundering processes for the wallet application.
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Credit Card - Screenshot from Telegram:
https://imgur.com/33YhM8a
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