COINOVY will never compromise on quality or service when it comes to the consumer experience, as we all know. In terms of service, they have consistently outperformed their competitors. COINOVY was founded by Mr Saitej, the CEO and creator of DLT Labz. He’s a passionate technologist and successful start-up executive with over eight years of expertise in digital product management, engineering, and marketing, focusing on Blockchain technology, Crypto digital currencies, and IoTs, who’s been working in the blockchain business since 2013.
COINOVY was created to give consumers the freedom to move digital value in any way they want, whether it’s through crypto or traditional means, in an environment that prioritizes openness, security, and simplicity. Saitej has enormous plans for COINOVY, including making it the top crypto-to-fiat service provider in the world and advancing digital finance.
COINOVY began in Estonia and has since expanded to include other nations such as Dubai and India, as well as trying to obtain more crypto licences from countries across the world that are beginning to accept and regulate cryptocurrency.
The journey has begun, and it will continue. COINOVY’s objective is to provide simple, fast, and transparent transactions and bank-like services without the use of a traditional bank.
COINOVY makes it simple for users to buy, sell, trade, exchange, shop, and cash out their digital assets. The platform has designed a more secure, faster, and simpler C2F platform that appeals to both novices and pros.
COINOVY aspires to improve trust and security in the digital currency ecosystem. The platform supports blockchain systems and provides digital financial software that connects many wallets for sending, receiving, exchanging, earning, and borrowing digital assets.
Furthermore, COINOVY’s primary goal is to reach out to nations where cryptocurrencies are legal and have specific rules and regulations in place. For example:
- UKRAINE
In Ukraine, cryptocurrency is classified as property. As a result, it is becoming a popular place for several cryptocurrency firms.
- SWEDEN
Bitcoin trading is considered a financial service. Therefore, gains are taxed at the same rate as company income.
- SOUTH KOREA
Cryptocurrency is legal and regulated by the government, and it is subject to anti-money laundering legislation. As a result, cryptocurrency transactions must be reported by financial institutions.
- PHILIPPINES
Cryptocurrencies fall under the security and investment contract categories and are regulated by the Securities and Exchange Commission (SEC). Therefore, the Philippines Central Bank’s restrictions apply to any financial services related to cryptocurrencies, such as exchanges.
- NORWAY
Cryptocurrencies are classified as assets and are subject to taxation. Cryptocurrencies fall under the security and investment contract categories and are regulated by the Securities and Exchange Commission (SEC). The Philippines Central Bank’s restrictions apply to any financial services related to cryptocurrencies, such as exchanges.
- IRELAND
Crypto is classified as a virtual currency, and it is taxed differently depending on the circumstances.
- JAPAN
Crypto assets are classified as “miscellaneous income.”
- FINLAND:
Crypto is a legal form of virtual cash. The Financial Supervisory Authority regulates virtual currencies.
- GERMANY:
If the crypto assets are purchased, sold, and held via a licensed institution, they are legal to buy, sell, and own.
- INDONESIA:
Since 2019, cryptocurrencies have been legal in Indonesia. When trading, it is treated as a commodity rather than a payment mechanism.
These are some of the countries where cryptocurrencies are legal and subject to certain restrictions. COINOVY’s primary goal is to infiltrate these countries and continuously be present in countries that are starting to regulate, hoping that it will succeed in the following days.
