Fyllo Expands Into Cryptocurrency Offering All Crypto Regulations In Real-Time, Here Is What You Need To Know

Cannabis compliance technology platform Fyllo is expanding into the cryptocurrency vertical.

The Fyllo Regulatory Database is available across the U.S. to help businesses ensure their current and planned cryptocurrency products are compliant in the constantly changing, complex and often ambiguous regulatory environment.

This database serves compliance leaders in the cannabis sector, including MSOs, law firms and entrepreneurs and will now provide the same view of regulatory activity for cryptocurrency helping users to identify and take action against compliant, data-driven growth opportunities with speed and scalability.

 “Since launching in 2019, Fyllo has rapidly expanded to address the cannabis industry’s need for compliant marketing solutions and jurisdiction-level regulatory solutions,” stated Chad Bronstein, CEO and founder of Fyllo. “With similar challenges and high-growth opportunities present in the cryptocurrency vertical, expanding our Regulatory Database to serve them is a natural evolution of the business.”

A recent Harris Poll study commissioned by Fyllo found that almost half (46%) of respondents reported compliance/regulation as one of the biggest barriers to achieving their current business goals. However, the unique and immediate opportunities in cryptocurrency have pushed many operators to take a high-risk approach to growth, with over 4-in-5 (85%) agreeing that their company is willing to release a new product/service even if policies and regulations that may impact the product/service are not finalized yet.

The Fyllo Regulatory Database for cryptocurrency addresses the needs of organizations with this unique challenge, allowing them to scale rapidly with access to information they need to prepare themselves for disruptive compliance infringements. Automated alerts can be set up through the database, notifying users if something changes, enabling them to spot trends and filter through information faster. The platform will be available through a SaaS self-service model, providing instant access to the latest regulations. 

Bronstein concluded, “Fyllo is building the technology and solutions that will enable companies to thrive in the new economy. Crypto and cannabis are just the beginning, as we see applications across many of today’s growth sectors.” 

Related News:

EXCLUSIVE: Fyllo To Acquire NineSixteen Aiming To Transform The Dispensary Retail Experience

Fyllo Partners With NCSolutions To Enable CPG Brands To Unlock Growth With Infused Audiences

Photo: Courtesy of Kanchanara on Unsplash

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisCryptocurrencyNewsMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!