TenX recently held the annual anniversary of the meeting, which presented important news with the announcement of the approval of a license for electronic money. TenX announced this at the annual meeting in Singapore that took place last weekend. – TenX official blog.
TenX official statement at the meeting
The announcement is an important step taken by a veteran company. From the official statement: "On May 29, 2019, TenX was the first company financed by the sale of tokens, which gained the status of a regulated financial institution in Europe with an EMI agreement."
Electronic Money Institution (EMI) is a license to issue electronic money.
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The approval of the EMI means that the company is now licensed by the Liechtenstein Financial Market Administration (FMA) and will be able to provide EMI services in the European Economic Area.
Singapore successfully hosted the fourth anniversary of TenX. Also, according to the company's Twitter post: "The first release of TENX tokens will begin today, June 13, 2019. First awards? 4,000,000 PAY tokens."
Editor: Yuliya Soroka