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Sanghoon Oh, CEO of Crypto Fellas, Secures Cryptocurrency Exchange License from Government of Panama
Sanghoon Oh, CEO of Crypto Fellas, Secures Cryptocurrency Exchange License from Government of Panama

Associated Press

time03-07-2025

  • Business
  • Associated Press

Sanghoon Oh, CEO of Crypto Fellas, Secures Cryptocurrency Exchange License from Government of Panama

New York, NY, United States, July 3, 2025 -- Sanghoon Oh, Chief Executive Officer of Crypto Fellas, has been granted an official cryptocurrency exchange license by the Government of Panama. The license includes an international Money Services Business (MSB) certification, authorizing the company to offer cryptocurrency exchange services within a regulated framework. The licensing approval enables Crypto Fellas to conduct global virtual asset trading activities in accordance with financial regulatory standards. The company, incorporated in Panama, has completed the foundational elements of its platform, including its security architecture and user verification systems. These components have been designed to align with anti-money laundering (AML) and Financial Action Task Force (FATF) guidelines. Sanghoon Oh is also the CEO of Seoul-based Millionfy Co., Ltd., and has worked since 2018 in blockchain consulting and partnership development across platform-based ventures. With the establishment of Crypto Fellas in Panama, he has formally entered the international digital asset exchange space. The Crypto Fellas exchange is expected to launch in the latter half of 2025. Following the license acquisition, the company has outlined plans to expand operations into Latin America, Asia, and Europe through collaborations with financial institutions, blockchain-based projects, and international partners. About Crypto Fellas Crypto Fellas is a blockchain-based financial technology firm headquartered in Panama, offering digital asset exchange services under a licensed and regulated framework. The company develops infrastructure for virtual asset trading with an emphasis on compliance and system security. About Sanghoon Oh Sanghoon Oh is the CEO of Crypto Fellas and Millionfy Co., Ltd. Based in Seoul, he has been involved in the blockchain and fintech sectors since 2018, focusing on business strategy, global partnerships, and digital finance ecosystem development. Contact Info: Name: Jeffery Han Email: Send Email Organization: Crypto Fellas Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89163490 In the event of detecting errors, concerns, or irregularities in the content shared in this press release that require attention or if there is a need for a press release takedown, we kindly request that you inform us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will promptly address your feedback within 8 hours and take necessary actions to resolve any identified issues diligently or guide you through the removal process. Providing accurate and dependable information is our utmost priority.

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