December 2, 2015 / Costas Inc. (OTC Pink: CSSI) Costas Inc. (CSSI) and AuthentaTrade Inc. (the Company) are pleased to announce that AuthentaTrade (AT) has retained Cyprus law firm Parparinos Milonas Corporate & Legal Consultants to assist the Company in becoming a licenced Cyprus Investment Firm (CIF). This designation will enable AuthentaTrade to operate as a regulated entity throughout the European Union and is a major step forward for the Company as it evolves into a significant player in the Bitcoin and digital currency space.
Costas owns 48% of AuthentaTrade Ltd.
The investment services the Company seeks to be permitted to perform as a CIF include executing investment orders on behalf of clients, and operation of a multilateral trading facility, such as our AuthentaTrade Bitcoin Exchange and Wallet Platform.
“This is a significant step forward for the Company,” commented AuthentaTrade CEO Gwyn Jones. “The development of our proprietary Bitcoin Trading Platform has been a technical challenge of incredible proportions. We’re proud of our achievements on that front. Now with the licence to operate a trading facility that is recognized by the EU and internationally we become a legitimate financial entity in the eyes of the investment community.”
Obtaining an investment firm licence has been a major goal of AuthentaTrade since it first started building its trading platform in 2014. Although some Bitcoin Exchanges around the world operate in a grey area with neither licensing nor the approval of investment regulators, it was clear to AuthentaTrade and its investors from the outset the our business model would include offering a full suite of digital exchange services related to the digital currency market. With CIF accreditation, the Company will have the assurance that all the business it conducts is both legitimate and legal.
Visit us today at www.AuthentaTrade.com
