CoinEx is making steady and accelerating steps towards further development, regulation, and increased adoption at the global level.
On December 28, 2021, cryptocurrency exchange CoinEx obtained its application for an approved US MSB license from FinCEN, and officially received the MSB license registered under registration number: 31000205450387.
This approval marks an important milestone in the compatible operation of CoinEx, and also recognizes its position as one of the world’s leading cryptocurrency exchanges.
As one of the most reliable licenses for cryptocurrency exchange in the world, the MSB license has a very strict review procedure.
With this license, CoinEx has the right to legally and compliantly conduct cryptocurrency trading worldwide to further the development of contract derivatives, including the issuance of cryptocurrencies and ICOs.
In March 2018, the US Treasury and the Securities Regulatory Authority clarified that cryptocurrency exchanges and their managers must register an MSB license with FinCEN before they can engage in business related to digital assets in the US.
The US MSB license is a financial license supervised and issued by the Financial Crimes Enforcement Network (FinCEN), an agency of the US Department of the Treasury, which primarily oversees businesses and companies related to money services, including digital currency and cryptocurrency trading, ICOs and exchanges the alien.
As one of the top ten benchmark licenses for global cryptocurrency exchanges, high-profile global platforms such as Coinbase, Binance, okex and Huobi are all registered as MSBs.
Technical and Regulatory Acceleration Boosts CoinEx Operations:
With the rapid development of the crypto market, compliance has become the most pressing issue facing cryptocurrency exchanges.
CoinEx platform was founded in December 2017 and relies on a self-developed core transaction matching system and a very fast and smooth user experience.
CoinEx is committed to making itself the most secure, stable and efficient global cryptocurrency trading platform for users around the world, and CoinEx has always adhered to a consistent global development strategy.
After registering and acquiring MSB, CoinEx will accelerate its strategic plan for globalization.
It is reported that in addition to the US MSB license, CoinEx is also actively applying for financial licenses in other countries, to build a foundation of compatible operations around the world.
For CoinEx, the official US MSB license will serve as a springboard for success in the US market and even passage to markets elsewhere.
We have every reason to believe that CoinEx will soon offer its brand and premium products to users around the world, thus expanding its global presence.
Since its inception, CoinEx has long focused on compliant operations as well as the security of users’ assets.
Entering the US market as an MSB compliant company, CoinEx has its highly recognized strength and credibility, and thus has many opportunities to expand its presence in the market and stimulate long-term development.
In the future, a “license” will be a requirement for all cryptocurrency exchanges.
Whoever gets the license sooner will have a first mover advantage in terms of compliance.
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