Does Sheepy have the necessary licenses?

Yes, Sheepy is a licensed Virtual Asset Service Provider (VASP) operating in line with applicable European cryptocurrency regulations. Its licensing permits the legal exchange of virtual assets into fiat currency and vice versa, supporting a wide range of cryptocurrency payment services for eligible businesses. This authorization ensures that Sheepy adheres to strict regulatory standards, including anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks.

Sheepy maintains a robust AML Policy and enforces Know Your Customer (KYC) and Know Your Business (KYB) procedures as part of its compliance regime. It also observes personal data protection requirements in accordance with its Privacy Policy, ensuring transparency and responsible handling of user information. Through its licensing and regulatory alignment, Sheepy provides a secure, lawful infrastructure for the processing of cryptocurrency transactions.