31.01.2022 – 21:00
Social crypto trading platform BingX has received official approval to operate as a Money Services Business (MSB) exchange under government control in the United States and Canada.
BingX prides itself on complying with government regulations and industry standards in all areas. Receiving the US and Canadian licenses marks a major milestone for BingX, which can now enter mainstream markets as a fully compliant institution.
In particular, the financial markets of developed countries such as the United States and Canada have a strict and complex regulatory ecosystem. Recognition in these countries is essential for BingX’s future growth, not to mention ensuring a high level of security for all BingX users’ assets.
Currently, BingX US Limited is registered as a Money Services Business (MSB) with the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and is authorized to conduct foreign exchange transactions. BingX CA Limited is registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) for both foreign exchange and virtual currency trading. As an authorized MSB, BingX will be able to offer compliant products and services with government approval in both the United States and Canada.
„the The US and Canada are undoubtedly huge markets and will benefit BingX in many ways. Perhaps the biggest advantage is the simple fact that we can reach new users in both countries. Choosing a highly compatible trading platform is one of the most important decisions for users. BingX pursues its global initiatives and strives to meet strict compliance and regulatory standards for new products and services. Our priority is to build a high level of trust in the industry so that users of our trading platform feel safe.” – Elvisco Carrington, Global Communications Manager bei BingX.
Built on a broader global market, BingX is trusted by investors worldwide. The social crypto exchange is working behind the scenes to gain financial licenses in additional countries in hopes of building an open, inclusive, wealthy cryptocurrency investment market that will serve all investors worldwide and ultimately create a paradigm shift in social trading.
Information about BingX
BingX Founded in 2018, is a global trading platform for digital assets, spots and derivatives that offers a user-centric and open ecosystem with intuitive social trading features. BingX has offices in the United States, Canada, the European Union, Australia, Hong Kong and Taiwan. In the countries and regions where BingX operates, the company is registered or recognized and regulated by local authorities. Founded to enrich the entire cryptocurrency industry, BingX is a safe, reliable and easy-to-use place for users to trade their favorite assets such as Safemoon, ATOM, BAT, Ripple, Celsius & Luna coin.
Original content from: BingX, transmitted by news aktuell