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The CEO of Byelex technology, Herman Vissia, a principle and innovation company in the blcokchain system that has been in existence since 2013 has narrated his story on how his company eventually got the license to be a crypto provider in the Netherlands in Europe.

Byelex is a company that is known for innovation and principle and it is a company that has been doing exceptional innovations in the blockchain and FinTech ecosystem in the Netherlands and by extension the European continent since 2013.

THE company was recently licensed and got registered in Netherlands by the Dutch central bank to carry out crypto services in the country. No doubt this is a giant stride and by extension, Byelex is the first company in Netherlands and Europe to be granted the license.

Recall that Byelex was the first company to install crypto app system in the Dutch nation in 2014 and the company had been into innovation and even experimenting crypto ATMs since 2014. However maintaining that in the last two years Byelex has been able to deliver and develop   that will follow the guidelines and regulations to the best practice. In such a way that it will not involve money laundering, terrorism and the likes

Herman made this story while on an interview session on CNETV with Lee Ucheoma and speaking on the journey and the road to the success. Herman said it was not an easy task getting the license to be a provider of crypto services in Netherlands. 

He added that they had to pass through European directive which was directly told them and that has to do with registering people and those persons must not be involved in money laundering and terrorism. Maintaining that they had to follow the rules which were done and that was how they were eventually licensed.

Meanwhile as regards the license, Herman said they got the license because of the years of work and that was how they got the license but however said the issue as regards government agencies not legalizing crypto is not because they do not want to legalize it, but that the government agencies do not understand crypto and how it works.

Herman thereafter said only if the government understands how crypto works majority of them would have made it a legal tender.

He however said Byelex is tested and trusted as the formula is working in Netherlands and therefore said Byelex is available to African countries in her quest to go digital.

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