Debitum Network currently is not regulated. However, there is a general understanding that similar companies should become audited and regulated. Hence, on April 8th, 2020, we applied for the investment firm’s license in Latvia by submitting required documentation to the Latvian financial market regulator - Financial and Capital Market Commission (FCMC).
The license will strengthen the stability, transparency, and monitoring of the Debitum Network platform. It will also ensure that the government's financial market regulator will supervise all platform's activities. While investors, in particular cases, will be able to qualify for investment protection measures, including compensation of up to 90% of the defaulted amount but not more than 20’000 EUR.