Damex.io and our group of companies started as a Gibraltar regulated business serving global clients since 2017. The Damex.io group continues to operate OTC and EMI services from Gibraltar, with a separate presence and operations in Europe in relation to its Retail and aspects of B2B IBAN services and offerings.
Since 2017, the Damex.io group has been regulated and has implemented various leading standards in relation to customer care, communications and integrity. This means that we have been ensuring that, among other things, we provide our services and communications to clients and the public in a manner that is transparent, not misleading, fair and honest.
Regulatory changes
With a maturing regulatory environment around Digital Assets in the regions we service, Damex.io continues to improve and implement changes in relation to communications that uphold standards of clear communications that contain fair and honest information.
Notwithstanding our efforts to lead and build on good practices, until there may be a more harmonised regulatory environment across the regions we serve, we are required to frequently revise how we communicate with customers and the public, particularly in relation to promotions. This means that due to regulatory changes, we may need to change how we communicate with you depending on where you may be resident.
United Kingdom
With effect from the 8 October 2023, as a result of regulatory changes in the United Kingdom in the form of the Financial Promotion Rules and their applicability to crypto assets, we have introduced measures that change how we communicate with UK residents. Among the changes, we have introduced and continue to introduce further prominent risk disclaimers as well as other measures to prevent UK residents accessing particular promotions. In addition to this, we are taking more considerable measures to be able to provide full Digital Asset promotions as well as taking the steps to pursue full registration in the United Kingdom with the FCA in relation to the services that we may wish to provide.
If you have an account with us, these changes will not affect your account. Your account, balances and access to services should continue as normal.
As a resident in the UK, if you wish to find out more information or receive updates please consider our UK specific social media channels and web-pages.
This page will be updated from time to time. For any particular enquiries please email [email protected].
12 October 2023.
Purchasing and investing in Digital Assets is a high-risk activity which incurs risks which are not inherent in managing traditional financial instruments and other assets. The value of digital assets, other digital assets or fiat currencies is not indicative of future performance.
Digital Asset Management Limited is a Company registered in Gibraltar with registration number 116618, with registered business names and trading as ‘Damex’ and ‘Damex.io’. Damex is authorised by the Gibraltar Financial Services Commission (Licence Number 24738) as a Distributed Ledger Provider to provide custody solutions and broker/dealer services under the Financial Services Act. These services are separate and unrelated to the account and payment services you receive from Modulr FS Ltd. Digital Asset Management Limited is a registered EMD agent of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Your card is issued by Modulr FS Limited pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Damex.io UAB is a joint stock company registered in the Republic of Lithuania (under company number 306148560), with registered address at Žygimanto Liauksmino str. 3, Vilnius, Lithuania and is registered by the State Enterprise Centre of Registers of the Republic of Lithuania as a provider of virtual currency exchange and virtual currency wallet provider. These services are separate and unrelated to the account and payment services you receive from Modulr Finance B.V . Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your card is issued by Modulr Finance B.V. pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK, and by Modulr Finance B.V., if you are registered in the EU. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK) and the Dutch Financial Supervision Act (Wet op het Financieel Toezicht, Wft) (in the EU). Click here to find out more.
The Damex application is presently undergoing testing and regulatory registrations in various jurisdictions. As a result, full public release and features of the application in your jurisdiction is subject to Damex’s permissions and authorisations.
Please also see our Risk Notice for further information.
