Norwegian Block Exchange AS

Regulatory Filings • Jul 5, 2022

E-money license granted by Finanstilsynet

E-money license granted by Finanstilsynet

Oslo 5 July 2021 – Norwegian Block Exchange AS (NBX), the first publicly listed crypto exchange in the Nordics, has today been granted an e-money license from Finanstilsynet, the Norwegian Financial Supervisory Authority.

The license opens a wide range of opportunities for NBX and is further evidence of the company’s ability to meet regulatory standards.

The e-money license allows NBX to move into products and services currently offered by traditional financial institutions. It also paves way for easier collaboration with traditional finance, placing the company in the same regulatory category as other financial institutions.

– The e-money license is an important step towards being able to offer services that can enhance the value of cryptocurrencies. Payment solutions and direct transfers using cryptocurrency to and from your NBX account are opportunities we are looking into. This gives us an important strategic framework towards offering a seamless flow between traditional finance and digital finance, says Stig Aleksander Kjos-Mathisen, CEO of NBX.

An e-money license is a requirement for any company seeking to process payments and issue e-money. Companies holding this license are governed by the same standards for compliance, funding and governance as other financial institutions.

– Being granted an e-money license reflects our ability to meet the highest standards of governance and compliance. NBX is a Norwegian company, with a Nordic footprint. Being assessed and regulated by Finanstilsynet gives our customers and partners added confidence in us as a safe custodian of their assets, says Kjos-Mathisen.

Before starting the business subject to licensing, NBX must submit certain supplementary documentation i.a. related to compliance and governance.

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Contact persons:

Stig Kjos-Mathisen -CEO

Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 932 87 574

Torstein Thinn - CFO

Mail: torstein.thinn@nbx.com, Phone: +47 986 44 144

About NBX: Truly Norwegian cryptocurrency exchange and custodian. Based in Oslo and registered with the Financial Supervisory Authority of Norway. NBX offers everyone easy and secure access to cryptocurrency, focusing on the Nordic markets, but open for customers globally.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Torstein Thinn on the time and date set out above.