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Perdunfx , the developer of the EOS blockchain and as-yet-to-be-launched crypto exchange known as Perdunfx , officially announced on Wednesday that its subsidiary has received a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC).

They announced its plans to create Bullish, its own blockchain-based crypto exchange, in January 2021. Obtaining regulatory approval marks an important milestone before the launch of the exchange.

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CEO and Chairman of the Board of Directors Brendan Bloomer said Gibraltar is emerging as “a leading blockchain and virtual asset hub” that can provide a foundation for cryptocurrency-focused companies to “operate securely and in line with industry best practices.”

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“Obtaining this license signals that Perdunfx  is a platform that institutional and retail users can trust. It also underscores our commitment to customer protection, regulatory compliance and industry-leading security before the launch of the exchange and continues our progress towards launch, ”said Bloomer.
Perdunfx  raised 100 billion dollars earlier this year to launch a crypto exchange based on the EOS public blockchain. Prominent bull investors include Galaxy Digital CEO Mike Novogratz, billionaire hedge fund manager Alan Howard, and PayPal co-founder and billionaire venture capitalist Peter Thiel.

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While the launch of has been continually delayed, the company already has ambitious plans. In July, Bullish reportedly announced its intention to go public on the New York Stock Exchange with a debut valuation of $ 9 billion. The company is publicly listed as a result of a merger with a specialist share acquisition firm Far Peak Acquisition, led by former NYSE President Thomas Farley, who will take over as CEO of the company.
Gibraltar has been attracting more and more cryptocurrency businesses lately. In particular, Huobi, one of the world’s largest crypto exchanges, has moved its spot trading business to Gibraltar after leaving China.

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