“Doing business within this regulatory framework within the huge US market will provide more transparency and protection not only for our customers, but also for our company itself.”
Haru Invest has obtained an MSB license for its US-based subsidiary, Haruus LLC, to enable the digital asset management platform to transact as a money transfer service and expand its scope of service in the United States.
The Money Service Business License (MSB) is a financial service license supervised and granted by the Financial Crimes Enforcement Network (US FinCEN) mandatory for any digital asset service provider to conduct its business in accordance with US regulations.
MSB license is essential for stable, secure and compliant crypto opportunities
MSB Licensing follows the company’s ongoing process of obtaining applicable licenses in global jurisdictions as it seeks to earn the trust of customers and regulators.
The company is now an official MSB in all 50 US states, licensed to transact as a money transfer service – including digital assets such as cryptocurrencies – and expanding its service reach into the country.
Hugo Lee, Managing Director of Haru Invest, said: “Achieving our MSB license in the US is another key milestone in our core mission to provide stable, secure and compliant crypto investment opportunities for everyone. , everywhere. Doing business within this regulatory framework within the huge US market will provide more transparency and protection not only for our customers, but also for our company itself.
Haru Invest is a subsidiary of Block Crafters, a CeFi digital asset investment platform with a total trading volume of $2 billion, with users spread across 140 countries.
Launched in 2019, Haru Invest offers crypto deposit services and crypto investment products, with win rates of up to 14.2% on crypto. Haru supports three crypto assets, Bitcoin, Ether and Tether with one level of investment strategies, Earn Plus and Earn Explore.
The company recently introduced Haru Freeze Marketplace, a new feature that allows users to liquidate products before the freeze period ends to provide immediate access to freezed assets.
With the new Marketplace, users will now be able to buy and sell Frost with each other, allowing sellers to clear their stranded assets at any time. Buyers can acquire Frosts at a reduced price, which can then be recast into an Earn Plus product for higher earnings.
Haru’s in-house digital asset management team uses high frequency algorithms and active trading strategies to generate profits.