Singapore, Sept. 03, 2025 — Echobit has achieved a “dual milestone” in its global compliance efforts by securing a Virtual Asset Service Provider (VASP) registration in the Czech Republic and entering into a strategic partnership with Coinone, a prominent Korean regulated exchange, to streamline crypto deposits and withdrawals. These advancements significantly accelerate Echobit’s compliance and localization strategy in both European and Asian markets.
European Expansion with Czech VASP License
The Czech VASP license authorizes Echobit to provide virtual asset trading and custody services within the Czech Republic and various EU member states. This bolsters the platform’s regulatory standing, improves risk management, and fosters a more secure and reliable environment for users worldwide.
Echobit intends to leverage the Czech Republic’s well-defined regulatory environment and thriving blockchain community to expand into key European markets like Germany, France, and the Netherlands. The company plans to establish partnerships with local payment processors, Web3 projects, infrastructure providers, and compliance firms to cultivate a robust digital asset ecosystem.
Strengthening Crypto Deposit and Withdrawal Services with Coinone
In Asia, Echobit’s partnership with Coinone, which is registered with the FIU, will establish a direct crypto exchange and transfer channel, enabling users to access fast, secure, and fully compliant local deposit and withdrawal services.
Echobit has also become a member of the CODE compliance alliance, an initiative of Coinone, Upbit, and Bithumb. This membership facilitates blockchain address verification and transparent data sharing to enhance AML and KYC compliance.
By making regulatory progress in both Europe and Korea, Echobit demonstrates its commitment to its global strategy and establishes a solid foundation for sustained growth across diverse regulatory landscapes. The company will continue to engage with local partners, regulators, and industry alliances to promote compliance, standardization, and connectivity within the global crypto financial infrastructure.
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Disclaimer: The information contained in this press release does not constitute a solicitation for investment, nor is it intended to be construed as investment advice, financial advice, or trading advice. It is strongly advised that you conduct thorough due diligence, including consulting with a professional financial advisor, before making any investments in or trading cryptocurrencies and securities.
Media Contact
Name : Joey Han
Company Name: Echobit
E-mail:
CONTACT: Joey Han marketing (at) echobit.com
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