In the preparation towards issuing our KiXX token, we consider it important to obtain an official registration as a Virtual Asset Service Provider (VASP). That intensive process has recently been completed.
The VASP registration is pursuant to the Proceeds of Crime Act Regulations 2021 which is compliant with the FATF recommendations and guidance on VASPs. The registration is focused on AML compliance.
As an internationally operating sports marketing organization, we want to approach the world of sports in a correct way, and be transparent about it. That’s why we applied for this VASP registration with the Gibraltar Financial Services Commission. Gibraltar is a forerunner in Europe in terms of licensing digital assets and a perfect base for our international ambitions. In addition – in order to prevent fraud, corruption, money laundering, terrorist financing and other criminal activities – we use the highest degree of Know Your Customer (KYC) on our platform.
As a sports marketing organization, we have developed a way for sports clubs and athletes to have additional opportunities to achieve their ultimate goals. Namely, we connect them with fans, businesses and sports-related charities worldwide by creating a global marketplace of digital assets.