The Singaporean fintech company Telcoin is establishing its second company in Lithuania.
"Telcoin" company was established in Vilnius on July 18, it is headed by UK citizen David Stuart (David Stuart) - Vice President of Telcoin operations in Singapore, according to the data of the Registry Center.
The company was established in Vilnius by the Telcoin holdings holding, and the American founder of Telcoin, Paul Neuner, established another company in Vilnius in September 2022, Telcoin Europe.
Singapore-based Telcoin said on Medium.com that Telcoin Europe is a digital asset exchange provider in the European Union (EU). Mr. Niuneris then said that this is how the "rails" of digital assets are being expanded to Europe, a region where its regulation is progressive, and Lithuania "is a great initial foray into the EU".
Telcoin Europe experienced 81,5 thousand last year. EUR net loss - 18,5 times more than in 2022 (EUR 4,4 thousand), its income amounted to EUR 3,6 thousand. euros, they did not receive them last year.
Telcoin advertises itself as a provider of decentralized finance (DeFi) products on its website. It works with mobile operators and mobile money platforms around the world, where it has over 5,2 billion. active followers.
The company is registered and regulated JAV, Canada and Australia with its main offices in Los Angeles, Tokyo and Singapore.
Author Aurimas Ragelis
