Credits Weekly Digest

Welcome to Credits Weekly Digest

Here you can find all our news and updates that have taken place over the past few days.

Credits October Q&A 

will be published on October 29th; until then, we are collecting your questions for this session. Please feel free to send them over to us via social media or TG chat. 

Blockchain 

We observed how the new updates are working and discovered some bugs in node quick start functionality. The team is finishing to correct the misbehavior found. 

Credits wallet

The new Beta version of Credits wallet is going through testing by an internal team. We will release a separate update on the Credits wallet development stage soon. Please stay patient. 

The partnership team is moving forward with a few important things.

Following the audit procedure required for EMD registration application in Lithuania, we have improved our internal policies based on the comments received by adding a Staff training policy, Training record, and Whistleblowing Policy. This updated internal set of rules is now sent back to our partners.

We have finalized the corporate procedure of transaction monitoring for our fintech products. 

We started integrating our terms and conditions of work with our partner in Lithuania with further passporting for Europe requirements and terms, bringing it to one unified format.  

Credits employees are scheduled for the AML Training at Fintrail, which is required for the fintech companies. 

We are looking for the best ready-made software solution for the banking products available on the market to decrease the time-to-market metric. 

As Estonia is tightening its laws towards crypto, we are negotiating with several legal firms to apply for one more crypto license to secure our rights for crypto operations in Lithuania.