Soil Receives Regulatory Approval, Paving the Way for Revolutionary Lending System

By Lola Coin Jun 26, 202374Views

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Blockchain-based lending protocol, Soil, has announced that it has received confirmation from the local financial markets regulator that its operations on the Soil Platform are compliant with regulations. This confirmation is a significant milestone for Soil as it validates its business model assumptions. Soil aims to build a self-balancing DeFi protocol that connects borrowers and lenders. It will facilitate a debt marketplace where established companies can raise funds by applying for loans from stablecoin holders. CEO Jakub Bojan expressed the company’s commitment to transparency and safety in the cryptocurrency market. Soil prioritizes security and is adapting to current and upcoming regulations, including the EU MICA regulation. With an innovative business model and legal support, Soil is well-positioned to launch its lending system, inspiring confidence among investors and potential partners in the DeFi ecosystem.

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