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CBASOX Becomes a Cryptocurrency Exchange with Canadian and US MSB Licenses
DENVER, CO / ACCESSWIRE / July 10, 2024 / At a crucial time for the maturing and globalizing cryptocurrency industry, CBASOX Exchange recently announced that it has officially been granted a Money Services Business (MSB) license by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This follows its earlier acquisition of an MSB license from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). This development makes CBASOX one of the few international cryptocurrency exchanges to hold both Canadian and U.S. MSB licenses, further cementing its leadership position in the global cryptocurrency market.
For CBASOX, obtaining MSB licenses from both Canada and the United States is not only an international recognition of its compliance and security standards, but also a major endorsement of its business capabilities and brand reputation. These licenses enable CBASOX to offer more diversified, secure, and reliable cryptocurrency trading services to users in Canada and the United States, while adhering to stringent Anti-Money Laundering (AML) and Counter-Terrorism (CFT) regulations.
Obtaining an MSB license is a complex and demanding process that requires exchanges to meet rigorous standards in business operations, risk management, and customer identity verification. Since its inception, CBASOX has prioritized compliance as a key aspect of its development, investing substantial resources and efforts into building its compliance framework. Working closely with legal and compliance advisors, CBASOX has successfully created a transparent, secure, and compliant trading environment, providing users with a reliable cryptocurrency trading platform.
The acquisition of MSB licenses in both Canada and the United States not only paves the way for CBASOX to expand into the North American market, but also sets a benchmark for compliance in the global cryptocurrency industry. CBASOX said, “In the face of the rapid development of the global cryptocurrency market, CBASOX remains committed to improving service quality, expanding business scope, and strengthening cooperation with global regulatory bodies. Our goal is to ensure that while providing innovative services, we consistently adhere to the highest standards of compliance and security. Through continuous efforts and innovation, we believe that CBASOX can provide users with safer, more convenient, and more efficient cryptocurrency trading services, promoting the healthy development of the entire industry.”
About CBASOX
CBASOX is a leading international cryptocurrency trading platform dedicated to providing secure, efficient and convenient cryptocurrency trading and financial services to users worldwide. Leveraging its strong technological capabilities and rigorous compliance framework, CBASOX offers a full range of cryptocurrency trading solutions, including spot trading and contract trading, making it a reliable partner for cryptocurrency investors globally.
Media contact
Organization: CBASOX DIGITAL COMMERCE LIMITED
Contact: Kim Min-su
Website: Italian: https://www.cbasox.org
E-mail: [email protected]
SOURCE: CBASOX DIGITAL COMMERCE LIMITED