We know it’s been a while since our last update, but today we’ve got something big. HOLD is now part of Utrust! As one of the best cryptocurrency payment gateways in the world, processing payments for several worldwide renown merchants, this is big news indeed.
What’s in this update:
The HOLD team has worked very hard behind the scenes to make this possible with the awesome people from Utrust. We couldn’t be more excited. Let’s get you up to speed.
First of all, you might have heard the rumors already and it’s true! The HOLD token will be swapped to the UTK token. The implications of this are fantastic and we really think you’ll love it. …
HOLD was launched 2 years ago, and during this time we achieved some major milestones. A zero-fee crypto exchange and free Visa card were just some of the things made available to our users.
As a company, we always want to do everything right. This included secure customer verification and other important compliance measures. A few months after HOLD was founded, Malta introduced new regulation which required HOLD to apply for a “Virtual Financial Assets” license to continue our vision. We accepted this as the best way forward and applied in 2019.
Over the following months, it became increasingly clear that the legal framework (VFA) was too restrictive and didn’t allow HOLD to be competitive. This created issues, not only for us, but also other companies as the news made publicly available, and led to many abandoning their plans to operate from Malta. …