Belfrics Group Continues Corporate Operations in Spite of Crypto Market Turmoil

• Belfrics Group is a global blockchain technology firm, licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, operating cryptocurrency exchanges on its proprietary blockchain platform
• Belfrics Group took the longer-term, more difficult route of establishing regional exchanges in all of its target regions, instead of operating from a single offshore jurisdiction

AVENTURA, Fla., July 29, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) today reported its Belfrics Group subsidiary will continue its corporate operations as other cryptocurrency exchanges lay off employees and reduce plans for growth. Founded in 2014, Belfrics developed its digital exchange platform based on its proprietary blockchain with extensive KYC capabilities. By taking the longer-term approach of establishing regional exchanges in all of its target regions, Belfrics Group is now successfully operating in 8 countries with 8 different verticals.

Belfrics Group Operations
Belfrics Group (the “Company”, or “Belfrics”) is a global blockchain technology firm operating cryptocurrency exchanges on its proprietary trading platform. The company is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia with presence in Malaysia, Singapore, India, Kenya, Tanzania, and Nigeria. In addition to our Belfrics Exchange, Belfrics Group provides blockchain related technologies and solutions to an expanding base of customers. Belfrics is equipped with its own Blockchain-based KYC solution, which makes us one of the few global exchanges equipped to track and monitor digital currency transactions and effectively deliver inter-operable digital currency data transfer between exchanges and financial institutions. With an in-house developed trading platform and with regulatory compliance experience in Asia, Asia Pacific, Africa and the Middle East, Belfrics is poised to comply with upcoming regulations when such frameworks are inevitably imposed on the industry. As most cryptocurrency exchanges resist regulation, our efforts to work with local authorities puts Belfrics Group a step ahead of the competition.