GlobalBlock announced that, in conjunction with the above decision and fitting with its plans to expand the customer base beyond the UK, it has incorporated
GlobalBlock Europe UAB in the European Union jurisdiction of Lithuania. This means that GlobalBlock UK will remain registered under the FCA's temporary regime in the UK until the 25th May 2022, during which time the Company will be registered as a VASP in Europe. This will ensure all client assets and trading services will continue as normal and accounts will be transitioned into a more crypto friendly regime. GlobalBlock remains committed to the of regulatory standards, employing stringent policies and procedures in respect to Know Customer, Anti-Money Laundering and Anti- Terrorist Financing.