Voyager Digital Secures Final Approval to Begin Operations in Europe
Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) has been declared "Fit and Proper" by France's AMF and ACPR to operate in Europe. This designation allows Voyager and its subsidiary, LGO Europe SAS, to serve customers across France and the EU. The approval aligns with Voyager's efforts to expand its services globally, particularly following its acquisition of Coinify, enabling fiat transactions in over 20 currencies. The trading app is expected to launch in selected European countries by late March 2022, addressing a significant demand from European customers.
- Voyager Digital is the first non-European firm to be declared 'Fit and Proper' by AMF and ACPR.
- Approval facilitates expansion into the European market, following the acquisition of Coinify.
- The trading app launch is anticipated for late March 2022, aligning with customer demand.
- None.
European entity declared "Fit and Proper" by the AMF and ACPR
TSX: VOYG
OTCQX: VYGVF
Borse Frankfurt: UCD2
NEW YORK, Oct. 13, 2021 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced, following a standard review by the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR), that Voyager Digital, Ltd, its wholly owned subsidiary LGO Europe SAS (LGO) and its leadership have been declared "Fit and Proper" to operate under the LGO registration. Voyager is the first non-French, non-European firm to get this designation.
"We appreciate the regulators for recognizing Voyager's platform as Fit and Proper to serve customers in France and the European Union. Voyager supports global regulation and will continue to operate only where it is fully licensed and approved," said Steve Ehrlich, CEO and Co-founder of Voyager. "This recognition is a major step in the process to bring the Voyager app and product suite to European customers and continues our vision of building Voyager into a truly global financial services company. Leveraging the recent acquisition of Coinify, which has fully compliant KYC and AML solutions as well as fiat on-ramps in over 20 currencies, Voyager is positioned for an initial launch of our trading app in certain European countries late in the March 2022 quarter."
"Voyager will be a key player in Europe and internationally. We are happy that a non-European player has chosen France to set up and develop its activities. We will continue to ensure that the legal framework is attractive and stable for all those who wish to undertake in the crypto-asset sector," commented Pierre Person of the Assemblee Nationale.
"We have a long waiting list of European customers who are looking forward to the launch of our app," said Lewis Bateman, Voyager's Chief International Officer. "The crypto economy is global and we are excited about the prospect of servicing these customers and delivering the Voyager quality access to a broader customer segment."
Voyager closed the merger of its European operations into LGO in December 2020. The merger gave Voyager direct control of the AMF regulated entity and enables Voyager to service the European Union with its consumer-friendly crypto trading platform. This approval fulfills the remaining conditions of the merger, whereby 1 million shares of Voyager are issuable to the selling shareholders of LGO and are subject to release in equal tranches on the 6, 9 and 12 month anniversary of the date of the approval of the AMF.
About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
The TSX has not approved or disapproved of the information contained herein.
Press Contacts
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com
Voyager Public Relations Team
pr@investvoyager.com
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SOURCE Voyager Digital (Canada) Ltd.
FAQ
What does it mean for Voyager Digital to be declared 'Fit and Proper'?
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