The hybrid encrypted exchange GRVT has obtained a Class M digital asset business license from Bermuda

according to Cointelegraph, the hybrid cryptocurrency exchange GRVT has announced that it has obtained a modified (M) digital asset business license from the Bermuda Monetary Authority (BMA), allowing the exchange to operate as a regulated decentralized exchange (DEX).

GRVT co-founder and CEO Hong Yea stated that after obtaining the initial M class license under the Bermuda Digital Asset Business Act (DABA), its goal is to obtain a full (F) class license by mid-2025 and further expand its business in a sandbox environment.