CLIC Technology Submits Application for Treasury Department FinCEN Registration For Its Cryptocurrency Processing Platform

AVENTURA, Fla., March 28, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — As federal and state regulators begin to embrace the over $100 billion cryptocurrency market, CLIC Technology, Inc. (OTC Pink: CLCI) (“the Company”) continues to solidify its position as the cryptocurrency processing platform of choice among retailers and merchants across the country through various federal and state licensing efforts. The South Florida fintech company is currently registered as a “Money Services Business” with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) and in several additional jurisdictions in the United States, and has begun the process of applying for licenses to offer money transmission services as well.Additionally, CLIC Technology is also being considered for a NY BIT License, a business license issued by the New York State Department of Financial Services (NYDFS) to virtual currency firms. Introduced in August 2015, BIT Licenses are considered one of the most difficult virtual currency licenses to obtain at the state level.Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events, or otherwise.
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