Celsius Network is a peer-to-peer lending network that works on a centralized exchange, and the CEL token is the native token of the platform.
P2P exchanges are responsible for managing bank accounts that receive and make payments for crypto trades from individual investors who must comply with regulatory requirements.
When purchasing crypto on a P2P exchange, users send the agreed price to the seller’s account from their account. To the bank, this payment is just a regular transaction between two individual customers, not between a customer and a money services business.
What is Celsius Network
A centralized exchange like Celsius must register as a financial services business in its jurisdiction and apply for a bank account. When applying for the bank accounts, the company behind the exchange has to disclose the nature of its business.
It allows financial institutions to decide if they are legally permitted to facilitate crypto transactions. In many countries, banks f
We współpracy z: https://www.thecoinrepublic.com/2024/03/05/celsius-network-the-rise-fall-of-this-p2p-lending-network/
