- Valereum blockchain acquires Juno Group
- The latest step of the blockchain is essentially a step toward cheating a fully regulated link between the government issued fiat currencies and digital assets ecosystem
- The blockchain platform seeks to take a step toward creating a fully regulated link between the fiat and virtual currency ecosystems
Valereum Blockchain has recently announced that it acquired Gibraltar-based tech group, Juno Group. Notably, Juno aids in the establishment and administration of trusts, money management, and enterprise creation in Gibraltar. According to the blockchain network, the latest step of the blockchain is essentially a step toward cheating a fully regulated link between the government issued fiat currencies and digital assets ecosystem. Indeed, it seems that Valereum is planning to expand on the crypto-fiat bridge.
Why Valereum chose Juno Group?
Valereum blockchain network has acquired Juno Group. According to the blockchain network, Juno is a firm that has three areas of licensed operations. Notably these areas include, the management of trust and similar entities, the administration of cash for a range of activities that includes both fiat currency and digital assets transactions, and the incorporation and management of businesses in Gibraltar and other countries across the planet.
Following the potential of the firm, the blockchain platform seeks to take a step toward creating a fully regulated link between the fiat and virtual currency ecosystems. According to an official press release, Valereum’s work with the Gibraltar Stock Exchange (GSX) is tremendous.
Gibraltar regulators are scrutinizing Valareum’s potential
It is also noteworthy that Valereum revealed its intention back in October that it intends to acquire the Gibraltar Stock Exchange. Notably, the GSX has sought to distinguish itself by pursuing regulated crypto assets exchange.
The regulators of the peninsula are currently evaluating Valereum’s bid to acquire the exchange in the new year. Notably, such steps could lead to the world’s first integrated bourse where common bonds can be treated alongside major digital assets like Bitcoin, Ethereum, and Dogecoin.
Alan Gravett will be Juno’s chair
Following the acquisition of Juno, Alan Gravett, one of the board members of Valereum is expected to take the position as Juno’s acquisition. Notably, only the Gibraltar Financial Services Commission is yet to provide a green signal for the transfer and change in control to be finalized.
Besides, Gibraltar has recently shown to be a more favourable regulatory environment for businesses in the cryptosphere. The Financial Services Commission of Gibraltar has recently permitted crypto enterprises looking to operate in the region. These platforms also include Huobi Group’s local subsidiary Huobi Gibraltar, which offers spot trading services and Block.one’s branch Bullish Ltd.