Baanx and affiliate company, partners with an FCA authorised E-money institution, which enables us to distribute E-money services across the UK and EEA.
Baanx currently through its affiliate company, operates as an E-money Distributor and is currently in the process of registering with the FCA as a crypto asset business as required under the UK Money laundering regulations.
Baanx is working hard to upscale its client portfolio and partnerships to increase use of our mobile wallet (crypto & fiat) and services.
Baanx goal is to create financial services that are fit for the blockchain era, bringing much needed simplicity and security to the crypto-marketplace with our mobile App and services.
Furthermore, our roadmap sets out plans for the leveraging of brand loyalties to enable fast deployment of platform based crypto services.
These will function on behalf of businesses and individuals to increase the growth and traction of mass user adoption, building a combined blockchain crypto and fiat system on the Baanx Open API platform.