VILNIUS, LITHUANIA / ACCESSWIRE / October 27, 2022 / BlueWater Group announced in October the achievement of two important developmental milestones, namely the securing of a License issued by the United States Financial Crimes Enforcement Bureau (FinCEN) which operates under the United States Department of the Treasury and the integration of the Blue Water Algorithm (BWA) on KuCoin Exchange.
Receiving a Money Services Business (MSB) License issued by the United States Financial Crimes Enforcement Bureau (FinCEN) means that BlueWater Group has now joined the ranks of multinationals such as Huobi and Paypal as holders of this particular class of financial license.
The license allows BlueWater Group to conduct foreign exchange and money transfer operations across the United States and provides the Group with the ability to establish closer integration with the fiat currency ecosystem, thereby setting the stage for BlueWater Group to further expand its services into traditional finance in the near future.
In addition, being a recipient of an MSB License also indicates that BlueWater Group is in compliance with various regulations governing unlawful conduct such as money laundering thereby ensuring its stakeholders enjoy safe and compliant services.
With improvement of the Blue Water Algorithm (BWA) being a cornerstone of BlueWater Group’s long-term growth, integration of the BWA on KuCoin Exchange, an exchange with over $1.86 Billion in daily trading volume and ranked amongst the top 5 on CoinMarketCap, a leading definitive data hub within the cryptocurrency world as of October 2022, this development represents another tremendous increase in arbitrage trading opportunities as well as profits for the Group.
Blue Water Group said in a statement that, “we are pleased with the significant progress and momentum these milestones represent. We believe that achievement of these milestones will enable us to deliver greater growth in terms of revenue and profits for our clients and partners.”
Media Contact:
Company: Blue Water Group
Name: Edward Woods
Email: [email protected]
Website/URL: www.bluewatergroup.co
SOURCE: Blue Water Group
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