GRVT has received a license from the Bermuda Monetary Authority to operate as a decentralized exchange, merging CeFi and DeFi, with plans for expansion in 2025 💼

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The hybrid cryptocurrency exchange GRVT has received a license from the Bermuda Monetary Authority (BMA), allowing it to operate as a regulated decentralized exchange (DEX). The company plans to obtain a higher license by mid-2025. GRVT's CEO, Hong Yea, stated that CeFi and DeFi should not be separated, as regulation helps improve standards in decentralized exchanges, ensuring transparency and security. This allows the integration of cryptocurrencies and traditional finance, creating a more resilient ecosystem.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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