FantaVerse extends congratulations to META FANTASY, INC. on its Money Services Business (MSB) license
Apr 7, 2022
Jakarta, Indonesia Apr 7, 2022 (Issuewire.com) - Jakarta, Indonesia, 6th April 2022: FANTAVERSE extends its congratulations to META FANTASY INC., on its Money Services Business (MSB) license.
We are pleased to share with you that our parent company, META FANTASY, INC., has secured a Money Services Business (MSB) license i.e. Plate no: 31000211554648.
The MSB license is a financial license supervised and issued by the Financial Crimes Enforcement Bureau (FINCEN), an agency under the U.S. Department of the Treasury. It mainly regulates businesses and companies in relation to money services.
Typically, its scope covers international remittance, foreign exchange, currency transactions/transfers (including cryptocurrency/virtual currency), and other businesses.
Globally, cryptocurrencies and digital assets are in the exponential phase of growth and adoption. The positive impact on the individual and society at large is significant -- storing of value, growth in value, speedy decentralized transactions, seamless cost-effective transfer of value and ownership rights (in the case of NFTs), and more.
Legal compliance and adhering to domestic and international legal frameworks are crucial for any genuine crypto project. It is important for any ecosystem to grow healthily, globally, and rapidly.
FantaVerse places a high priority on ensuring that every new step we take is in the right direction which also ensures that our community is able to flourish globally.
The ability to carry out legal and compliant cryptocurrency transactions, NFT issuance transactions, and other related businesses worldwide are important to the FantaVerse project.
There are bodies or agencies that specifically regulate money services.
Securing an important license like the MSB is always a significant step forward in the right direction for the following reasons:
- For global investors, a license assures that compliance with company law and financial supervision in the US is being complied with.
- The securing of the license paves the way further for global compliance and the growth of the FantaVerse eco-system. Whilst many other projects shun the difficult work of compliance, putting both the project and its participants in an unhealthy position for financial and legal risks, the FantaVersecompliance team goes all out to do the hard work early on.
- Compliance, orderly issuance, and circulation of cryptocurrencies between different planets within the FantaVerse metaverse project are the fruits of doing the hard work of compliance and licensing early on and repeating the effort globally.
- The confidence moving forward as the FantaVerseproject spreads its wings globally gains more strength, credibility, and momentum, further ensuring enduring growth for all participants.
To our colleagues who fly the flag of compliance, we extend our heartiest congratulations.
ABOUT FANTAVERSE
FantaVerse is a 3D decentralized metaverse game with a Play2Earn ethos where players are rewarded for their meaningful contributions to the game's ecosystem. FantaVerse is powered by the latest BIGANT technology which combines the best of Blockchain, Interactivity, Gaming cloud, AI, Network, and Token Economies. Website: www.fantaverse.io
FantaVerse Media contact: [email protected]
ABOUT META FANTASY
META FANTASY is a metaverse gaming company established in 2021. With a distributed business management model, the company is made up of more than 100 team members from all over the world with its headquarters in Houston, Texas, USA. Website: www.metafantasy.online
Source :PT.FANTAVERSE
This article was originally published by IssueWire. Read the original article here.
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