RedotPay Obtains VASP Registration from Lithuania’s Financial Crime Investigation Service to Expand Products and Services Offerings

RedotPay,
a
rapidly
growing
crypto
payment
company,
is
thrilled
to
announce
its
successful
application
for
a
full
Virtual
Asset
Service
Provider
(VASP)
registration
from
the
Financial
Crime
Investigation
Service
(FCIS)
of
Lithuania,
under
the
Group
entity
of
RedotX,
UAB.
The
VASP
registration
marks
a
significant
milestone
for
RedotPay
as
it
formally
enters
the
European
market,
solidifying
its
position
as
a
trusted
global
player
in
the
rapidly
evolving
digital
payment
landscape
and
expanding
its
suite
of
products
and
services
offerings.

The
VASP
registration
allows
RedotX,
UAB
to
provide
the
services
of
both
(i)
virtual
currency
exchange,
and
(ii)
depository
virtual
currency
wallet.
The
registration
has
significantly
expanded
RedotPay’s
offerings
and
demonstrates
its
commitment
to
adhering
to
the
highest
standards
of
regulatory
compliance.
This
achievement
highlights
RedotPay’s
dedication
to
providing
secure
and
transparent
digital
payment
services
to
its
global
customer
base.

RedotPay’s
successful
application
for
the
VASP
registration
also
showcases
its
ability
to
meet
the
stringent
requirements
and
guidelines
set
forth
by
the
FCIS
of
Lithuania,
ensuring
the
safety
and
integrity
of
its
operations.

With
the
VASP
registration
in
hand,
RedotPay
gains
a
competitive
advantage
in
the
digital
payment
sector
by
expanding
its
reach
to
support
a
broader
range
of
virtual
assets
related
services,
including
crypto
exchange
and
wallet
services,
further
strengthening
its
position
as
a
preferred
payment
solution
provider
for
businesses
and
individuals
alike.

“We
are
delighted
to
have
obtained
the
VASP
registration
from
the
Financial
Crime
Investigation
Service
of
Lithuania,”
said
Michael
GAO,
CEO
&
Co-founder
of
RedotPay. “This
achievement
underscores
our
unwavering
commitment
to
regulatory
compliance
and
reinforces
our
dedication
to
providing
secure
and
reliable
digital
payment
solutions
to
our
valued
customers.
With
the
VASP
registration,
we
are
well-positioned
to
drive
innovation
and
contribute
to
the
ongoing
transformation
of
the
global
financial
landscape.”

RedotPay
remains
committed
to
staying
at
the
forefront
of
technological
advancements
and
industry
best
practices.
The
company
will
continue
to
prioritise
customer
satisfaction,
security,
and
compliance
as
it
leverages
the
VASP
registration
to
expand
its
range
of
services
and
explore
new
opportunities
in
the
dynamic
digital
payment
ecosystem.

About
Redotpay

RedotPay
is
a
fast-growing
crypto
payment
company
based
in
Hong
Kong.
Our
mission
is
to
enable
crypto
users
to
use
crypto
currencies
in
daily
transactions
like
fiat
currencies,
reduce
overall
transaction
costs
through
blockchain
technology,
and
help
unbanked
gain
access
to
financial
services
and
promote
greater
financial
inclusion
and
economic
prosperity. 

Disclaimer:
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publication
is
for
informational
purpose
only
and
is
not
intended
to
constitute
legal,
financial,
investment
or
any
other
form
of
professional
advice.
RedotPay
assumes
no
responsibility
or
liability
for
any
errors
or
omissions
in
this
publication.
The
information
contained
in
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publication
is
provided
on
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“as
is”
basis
and
RedotPay
makes
no
representation
or
warranty,
whether
expressed
or
implied,
in
relation
to
it
and
its
use.
The
information
is
provided
with
no
guarantees
of
completeness,
accuracy,
usefulness
or
timeliness.
Readers
should
seek
professional
advice
before
taking
any
action
in
relation
to
the
matters
dealt
with
in
this
publication.