Crypto International

According to the official announcement, COSMETA INC, the US company of COSMETA International Ltd, was granted the MSB license in the U.S. on August 2, 2022. &#34;Under the guidance of Fin CEN (Financial Crimes Enforcement Network, Department of the Treasury), COSMETA INC was granted the MSB license of the U.S. on August 2, 2022. That means it is legally allowed to carry out spot trading and other businesses in the United States.&#34; <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/815d36681e4642e5842a824a18720beb.JPG" />MSB, abbreviated from Money Services Business, is governed by FinCEN. The entities with businesses involving money transmission or conversion must apply for the license. The &#34;Management Party&#34; and the &#34;Convert Party&#34; (like Exchanges) who want to provide digital-asset services to citizens of America must acquire an MSB license under the rule of the Bank Secrecy Act (BSA) in the first place. The related parties are required to complete a registration on FinCEN within 180 days before starting businesses. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d5220dbf32194a61abf9af84070bd0c5.JPG" />The U.S. Treasury and the SEC (Securities and Exchange Commission) has been clearly stated that all digital-asset transactions are under the rule of the Bank Secrecy Act (BSA). Businesses involving digital-asset trading must obtain an MSB license from FinCEN, and comply with Anti-Money Laundering (AML) and related anti-terrorism funding rules and regulations. As a burgeoning entity in a digital asset transaction, COSMETA has made remarkable progress on the track of regulation compliance. In addition to the MSB license of the U.S., it had successfully obtained the MTR license from the financial watchdog of Estonia, allowing it to carry out cryptocurrency &amp; fiat-currency converting services and digital-asset wallet services. &#34;COSMETA always puts users in the first place and works hard to be a law-compliance entity to different countries and regions around the world. This is the cornerstone of long-term development and it is based on the deep understanding of the industry&#34; said Philip S. Na, CEO of the COSMETA. He said, &#34;In the world, COSMETA will put its focus on blockchain technology development and blockchain services, exploring with the ‘CRI Wallet&#39; application&#34;. Since its establishment in Delaware, US in December 2021, COSMETA INC has been seeking to expand its global presence, and it has achieved great success. As of August 2022, COSMETA stated that companies that provide HR services now participate in several businesses that make up their own ecosystem. According to information provided by insiders of COSMETA, COSMETA will continue to expand its participation in global business, obtain legal licenses in more countries and regions, and invest more in the development of blockchain technology in the future.

COSMETA Obtained MSB License in the U.S.

VIVRANIUM[CEO]

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