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United Arab Emirates
Apr 2017 (9 Years)
Last online: No recent activity
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Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Satowallet
Company Information
Get to know Satowallet
Satowallet was launched as a decentralized cryptocurrency wallet and exchange application designed for mobile and desktop users. It supported a wide range of digital assets, allowing users to store, transact, and trade cryptocurrencies on its platform. However, in mid-2019, the company abruptly ceased operations. Users reported being unable to withdraw their funds, the application was removed from app stores, and the company's website and social media channels went offline, leading to widespread public reports of a multi-million dollar exit scam.
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