Januar secures landmark EU regulatory approval

Januar secures landmark Payment Institution license to solve the banking problem for EU crypto businesses

  • Januar, the financial services partner for crypto businesses, has secured a landmark Payment Institution License with the Danish FSA, taking the company from 1 to 30 markets across the EA
  • Januar’s license paves the way for compliant crypto financial services in Europe. This news comes on the back of recent US crypto banking turmoil and challenges across the industry
  • Businesses operating within the digital asset space have had an extremely difficult time getting one of the most fundamental assets to business operations: a bank account
  • Januar is not a bank, but solves this problem by offering IBAN business accounts to crypto businesses in Europe by use of its Payment Institution License, thereby bringing traditional fiat financial services to crypto companies
  • Founded in 2021 by ex-Chainalysis crypto-compliance experts, fintech entrepreneurs, and banking veterans, Januar is now ramping up to meet demand across Europe and further enhance its one-stop platform with new innovative features

COPENHAGEN, DENMARK I WEDNESDAY APRIL 19, 2023, 3pm CET – Januar ApS (Januar.com), the financial services partner for crypto businesses, today announces it has received its full Payment Institution license from the Danish Financial Supervisory Authority (DFSA).

The issuing of the license is a landmark for the fast-growing company and paves the way for onboarding clients across the full European Economic Area (EEA). The company has seen significant interest from customers outside of its local market of Denmark, and will now actively begin to onboard and service these customers across Europe. After receiving its license as a payment institute with limited permission to serve the Danish market in 2021, the company began the process of applying for the now-obtained full Payment Institution license.
Januar can now provide its services across Europe, and its payment services will no longer be limited to Danish companies.

This news comes at a time when the crypto industry has recently experienced significant turmoil on the back of the closure of several important US banking partners servicing crypto companies. With the recent shutdown of both Silvergate and Signature Bank, the industry has been looking for compliant and reliable partners for their financial services needs. Many market participants now have their eyes on Europe for partners operating within a jurisdiction with more regulatory clarity.