Crypto financial services provider Januar receives full Danish payments license

Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The licence volition allow Januar to behaviour concern successful the 30 European Economic Area markets, whereas it lone served Danish companies nether its erstwhile constricted permission.

Januar provides International Bank Account Number (IBAN) concern accounts to crypto businesses. Linking to IBAN infrastructure gives crypto companies entree to compliant fiat banking services, specified arsenic payments and settlement, which crypto companies whitethorn person occupation uncovering otherwise. Januar co-CEO Simon Ousager said:

“Access to banking and reliable outgo infrastructure has ever been lacking down the wide gait of innovation successful the crypto space, and the caller events with ‘crypto-friendly’ banks shutting down is simply a testament to this unfortunate manufacture trend.”

Ousager continued that the licensing of Januar was “taking a immense measurement successful the other direction.”

Related: London Stock Exchange Group whitethorn supply clearing services for BTC derivatives successful Q4

Januar, which was founded successful 2021 by erstwhile Chainalysis staff, broke the Danish grounds for startup backing the adjacent year, receiving 6 cardinal euros ($6.5 million) successful effect money. The backing circular was led by Element Ventures, with the information of Angular Ventures Outward VC and byFounders. Several angel investors besides participated.

How bash you lick crypto companies’ entree to banking successful the EU? This week connected the Public Key podcast, @SimonOusager, CEO & co-founder of @januar, explains however his institution is solving this occupation and revolutionizing the outgo gateway successful the EU. https://t.co/MFcNZgriar pic.twitter.com/c5Sz930guQ

— Chainalysis (@chainalysis) April 11, 2023

Finding banking services has go much challenging for crypto companies since the illness of crypto-friendly Silvergate Bank connected March 8, followed by the closure of Signature Bank by New York regulators the pursuing week.

At the aforesaid time, European banks person been expanding their crypto services. VP Bank successful Liechtenstein expanded its custody and tokenization services successful April. A Boerse Stuttgart Digital subsidiary received a licence to provide custody services successful March, and German Dwpbank announced that it would unfastened a caller platform to supply Bitcoin (BTC) trading for astir 1,200 banks successful the country.

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