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Does Brexit impact Glint’s European account holders?

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29 April 2021

Billy Alcantara

Regarding Glint account holders in the European Economic Area (EEA) after 01 Jan 2021:

As you may be aware, an agreement was made on 24th Dec 2020 between the UK and EU, the positive result of which is that further discussions regarding regulatory cooperation for financial services have been lined up for 2021.

I am very happy to say that due to the contingency plans that Glint has already activated, your account will remain fully operational as we finalise our regulatory framework for the EU.

We are aligned to the announcement from the European Banking Authority (EBA) on 08 Dec 2020 in which they stated: “In situations where the authorisation process would not be finalised before the end of the transition period, supervisory authorities in the EU have requested institutions to implement contingency plans setting out alternative actions until they receive authorisations”.

While we are working hard to make the Brexit transition as painless as possible, we may yet see restrictions on an EU member state basis, so rest assured that I will keep you updated with any further information that may temporarily affect your Glint account.

As we go through this transition phase, your gold and national currency funds (e-money) remain safe. Thank you for your patience.

For more information regarding Glint’s Brexit plans, please contact support@glintpay.com

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