Brief: Safello Says Examination Of A Potential Partnership Between Avanza And Safello Regarding Crypto Assets Is Canceled By Avanza

Safello AB

16/06/2022 17:08

June 16 (Reuters) - Safello Group Ab  SFL.ST :
    * EXAMINATION OF A POTENTIAL PARTNERSHIP BETWEEN AVANZA AND
SAFELLO REGARDING CRYPTO ASSETS IS CANCELED BY AVANZA
    * SAFELLO HAS NOW BEEN INFORMED BY AVANZA THAT AVANZA HAS
DECIDED
TO CANCEL PROCESS
    * SAFELLO-AWAITING REGULATION CRYPTO MARKET CURRENTLY NOT
SUFFICIENTLY REGULATED FOR AVANZA TO OFFER DIRECT INVESTMENTS IN
CRYPTO VIA AVANZA'S PLATFORM
    * EXAMINATION HAS THEREFORE BEEN CANCELED PENDING CLEARER
REGULATION FOR CRYPTO MARKET

Source text for Eikon:  ID:nWkr6C3GLl 
Further company coverage:  SFL.ST 

 ((Reuters.Briefs@thomsonreuters.com;))