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Coinify completes registration under EU 5th Anti-Money Laundering Directive

With the new EU 5th Anti-Money Laundering directive sweeping Europe and ousting many established crypto companies, Coinify has successfully been registered with the financial services authorities.

“Our commitment to regulation started when Coinify was founded. We have always been compliant with AML. We made no changes to our policies, processes or compliance structure to adhere to this directive, for us it is business as usual,  Mark Højgaard, CEO and Co-founder.

Coinify has been one of the founding members of Blockchain and Virtual Currencies Working Group working with regulators since 2014 shaping the AML5 Directive and always been a pro-regulation company.

“The Board of Directors has been committed to the strongest adherence to sound ethical and compliance standards, and also represented by financial services veterans – its starts with company culture, blindly following policies does not make a compliant company”, Hans Henrik Hoffmeyer, Chairman and co-founder.

About Coinify

Coinify ApS is an established global virtual currency platform actively offering solutions in Europe, Asia and other regions. Coinify’s services include: individual currency trading, corporate brokerage, payment processing services, and Enterprise solutions via Coinify API. Their mission is to mainstream the use of virtual currencies and thus help businesses and individuals to adopt financial innovation. Moreover, Coinify can be seen as a bridge for merchants that can e.g. accept blockchain payments and receive payouts in fiat. For more information, visit coinify.com or follow us on LinkedIn.