Articles on: Regulation

Is Altify regulated?

Yes, however, due to the dynamic nature of crypto asset regulation, it is important that you carefully review our regulatory status explainer below.

Coinpanion Crypto Services Sp z o.o. (“Altify EU”) is a Virtual Asset Service Provider (VASP). Altify EU is a private company incorporated in the Republic of Poland. Altify EU is registered as a VASP in Poland and appears on the Polish VASP register bearing KRS Number 0001030633 and NIP Number 7252330350. Altify EU is registered to provide exchange and/or intermediation services pertaining crypto assets and related means of payment. Altify EU Revix has adopted and maintains an AML policy that reflects and is compliant with the applicable local laws and the FATF’s Risk Based Approach to AML/CFT and PF measures.

RVX SA Capital (Pty) Limited (“Altify Capital”) is an authorised financial services provider (FSP) in the Republic of South Africa with registration number 52727. Revix Capital holds a non-advisory Category I and Category II licence from the FSCA in respect of a wide range of financial products including shares, money market instruments, bonds, warrants, certificates and derivative instruments. More information is available directly from the FSCA here. Revix Capital is likewise an Accountable Institution registered with the Financial Intelligence Centre (FIC) and maintains a comprehensive AML policy and RMCP.

Revix SA Opco (Pty Limited (“Altify Crypto”) is a Crypto Asset Services Provider (CASP). Altify Crypto is a private company incorporated in the Republic of South Africa. Altify Crypto is an incumbent CASP subject to the Financial Advisory and Intermediary Services Act of South Africa (FAIS), and is subject to regulatory oversight by the Financial Sector Conduct Authority of South Africa (FSCA). Altify Crypto has been assigned a temporary FSP number (53289) pending the final determination of its CASP application. In the interim, Altify continues to conduct its business lawfully as a CASP in accordance with the FSCA’s Exemption Regime. Altify Crypto is also registered as an Accountable Institution with FIC bearing registration number 54051.

Revix International Limited (“Altify International”) is a Virtual Asset Service Provider (VASP). Altify International is an International Business Corporation incorporated in the Republic of Seychelles. Altify International provides exchange and/or intermediation services pertaining to crypto assets. Altify International is not a regulated VASP in the Republic of Seychelles and is not subject to the regulatory oversight and supervision of the Seychelles Financial Services Authority (FSA). Altify EU Revix has adopted and maintains an AML policy that reflects and is compliant with the applicable local laws and the FATF’s Risk Based Approach to AML/CFT and PF measures.

It’s important to note that Altify crypto accounts do not fall under local banking laws and that investments in cryptocurrencies, at this time, are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.

Updated on: 22/01/2024

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