TGS Baltic's Latvian and Estonian teams have helped Cryptofex, a fintech specialized in cryptocurrency exchange and customer wallet services, obtain a license from the Estonian Financial Intelligence Unit.
The Estonian Financial Intelligence Unit is an independent structural unit of the Estonian Police and Border Guard Board, which analyses and verifies information about suspicions of money laundering or terrorist financing, takes measures for the preservation of property where necessary, and notifies competent authorities upon detection of elements of a criminal offense.
TGS Baltic has also represented Cryptofex in investment attraction process, facilitating the cooperation with MBK Co Ltd., a strategic investor from Japan listed on Tokyo Stock Exchange 2nd section. The cooperation with MBK Co Ltd will help Cryptofex’s further business development and expansion to European markets.
The project was led by TGS Baltic Senior Associate Alise Eljasane.