MSB License Allows Digital Asset Management Platform to Operate as a Money Transfer Service and Expand its Service Reach in the U.S. as Part of Global Compliance Push
SINGAPORE, August 24, 2022 /PRNewswire/ — Haru Investa leading digital asset management platform, today announced that Haruus LLC, its U.S. subsidiary, has acquired a Money Services Business (MSB), a financial services license supervised and granted by the US Financial Crimes Network (US FinCEN) mandatory for all digital asset service providers to conduct their business in accordance with US regulations. As an official ESM in all 50 US states, Haru Invest is now licensed to transact as a money transfer service – including digital assets such as cryptocurrencies – and expand its service reach in the country.
“Achieving our MSB license in the United States is another key milestone in our core mission of providing stable, secure and compliant crypto investment opportunities for everyone, everywhere,” said Hugo Lee, CEO of Haru Invest. “Doing business within this regulatory framework within the huge US market will provide more transparency and protection not only for our customers, but also for our company itself.”
Haru Invest’s MSB License follows the global asset management platform’s ongoing process of obtaining applicable licenses in global jurisdictions, creating a foundation of integrity, trust and compliance with clients and regulatory bodies around the world. Launched in 2019, Haru Invest offers crypto deposit services and crypto investment products with some of the highest win rates in the industry, up to 14.2% on crypto.
The centralized finance company’s (CeFi) strong in-house digital asset management team uses high-frequency algorithmic trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members in over 140 countries and has handled over $2 billion of total transaction volume without security breaches, late withdrawals or missed payments. Haru Invest recently introduced Haru Freeze Marketplacea new feature that allows users to liquidate products before the end of the lock-in period to provide immediate access to locked-in assets.
About Haru Invest
Haru Invest, a subsidiary of Block Crafters, is a successful CeFi digital asset investment platform that has built a secure bridge between crypto investment services and traditional finance, with $2 billion in the total volume of transactions. Haru Invest supports three crypto assets, Bitcoin, Ether and Tether with one level of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years of experience in various crypto fund management strategies, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, they are committed to educating and guiding crypto owners at all levels to achieve stable and profitable investment goals in digital assets.
Media contact: Darren Weiss, [email protected]