We have seen Crypto go to unbelievable highs and lows in the past few years. With the government trying to persuade the public from investing in it or anything associated with it. However now that the government has come up with ways to validate cryptocurrencies, an FDA if you will of the crypto world where crypto related stocks can be looked at in the same light. Who doesn't like a biopharma stock that just got approved by the FDA. Well here we have a crypto stock () that is submitting its application to the government for approval, just like an FDA biopharma stock.
CLIC Technology Submits Application for Treasury Department FinCEN Registration For Its cryptocurrency Processing Platform
South Florida fintech company also seeks federal and state licensures to offer money transmission services and begins process of applying for NY BIT License
AVENTURA, Fla., March 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- As federal and state regulators begin to embrace the over $100 billion cryptocurrency market, CLIC Technology, Inc. (OTC Pink: CLCI) ("the Company") continues to solidify its position as the cryptocurrency processing platform of choice among retailers and merchants across the country through various federal and state licensing efforts. The South Florida fintech company is currently registered as a "Money Services Business" with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) and in several additional jurisdictions in the United States, and has begun the process of applying for licenses to offer money transmission services as well.