It was easier to get a foothold once we had a Norwegian bank account, access to BankID services and KYC/AML tools which our platform is extensively integrated with. We also thought that the most difficult thing was not building the platform, but building up the market with people who want to buy and sell cryptocurrencies. For some, active day trading is a source of income, even in a bad market. Others engage in arbitration, while all others want to do is sell their cryptocurrency when times are tough.
It helps, of course, that we had registered with Norwegian Financial Supervisory Authority, Finanstilsynet, as a service provider for exchanging and storing virtual currency in Norway in the spring of 2019 as Norway’s first crypto exchange. This means a lot for us in terms of a starting point. We are working and will continue to work closely with public bodies in Norway to make cryptocurrency safe and easy to use in all areas. And of course will contribute to the discussion whenever the opportunity arises.
Norway needs a place where users can feel safe through openness and no false hopes. We haven’t promoted ourselves before for good reason; we don’t want to promise something we can’t keep, and this is what we will continue to do. On this blog, we want to look at interesting topics and to be open about our processes as far as possible. And we want to show Norwegians how to buy cryptocurrency.
We depend on feedback in order to give our users the greatest possible value. We encourage those of you who have something on your mind to come to us with your positives and your negatives, and maybe something you want to read more about in the future!