Sister Company of a German Bank gets a Crypto Trading and Custody License in Estonia
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WEG Blocklink OÜ the sister company of WEG Bank recently obtained a cryptocurrency trading and custody license in Estonia.
According to WEG Bank’s recent Twitter post.
“Working out of a premium regulatory environment is one of our key assets. We announce that as of today we have secured full access to a crypto trading and custody license in Estonia and are equally applying for a securities trading and custody license in Germany.”
WEG Bank posted another tweet because of some incorrect reports from other online media.
“Due to incorrect news in circulation in some online media:
We would like to clarify that the licensed Estonian vehicle is WEG Blocklink OÜ which is a sister company to WEG Bank AG. WEG Blocklink OÜ will act as a servicer to WEG Bank AG.”
