The Croatian Financial Services Supervisory Agency (Hanfa) warned citizens on Wednesday not to engage in business relationships with companies dealing in virtual currencies that have not registered with this regulatory agency.
So far, 17 companies have submitted applications for registration in Hanfa’s Register of Virtual Asset Service Providers, in accordance with amendments to the Anti-Money Laundering and Terrorism Financing Act, while 84 companies have not met this legal obligation, Hanfa reported, adding that lists of all companies, including those that have not fulfilled their obligations, can be found on the agency’s website.
They note that the deadline for submitting applications for all those who have a described activity of providing exchange services for virtual and fiduciary currencies or providing custodial wallet services in the court register expired on September 4 of this year.
For companies that did not submit an application for registration within the legal deadline nor provided proof of the deletion of the described activity, it is considered that they are performing the mentioned activities unlawfully, Hanfa emphasized, warning citizens not to use the services of such companies to avoid possible business risks.
Hanfa has informed companies multiple times throughout this year about their obligations, and in accordance with its powers, has notified the competent commercial courts and requested action in accordance with their jurisdiction, Hanfa stated.
