Cryptocurrency exchange BISSNEX recently completed major market expansion efforts and gained increasing recognition from the US federal government and financial systems. BISSNEX's acquisition of the US MSB license signals the continued strengthening of the platform's capabilities and the adjustment of its global market strategy.
Following the challenging progress of the Bitcoin and Ethereum ETF proposals, the US has shown increasing friendliness towards the crypto industry and supported taxing cryptocurrencies as property. Although their general attitude toward cryptocurrencies remains cautious, governments worldwide are gradually introducing trading and regulatory standards for the crypto industry as the industry continues to evolve. The widespread adoption of popular cryptocurrencies has made BISSNEX particularly keen on expanding into the US market.
The International Organization of Securities Commissions (IOSCO) previously released the “Consultation Report on Policy Recommendations for Crypto-Asset and Digital Asset Markets,” indicating further progress in global regulatory standards for the crypto industry. Shortly thereafter, BISSNEX received the Money Services Business (MSB) license from the US Financial Crimes Enforcement Network (FinCEN), a milestone that demonstrates BISSNEX's compliance with the highest industry standards in Anti-Money Laundering (AML) and Know Your Customer (KYC). demonstrated. The platform will expand its services with higher compliance standards and strict regulatory requirements.
Since its inception, BISSNEX has been committed to creating a safe and legal trading environment to ensure the best protection for users' interests and assets. The acquisition of the US MSB license is a significant achievement in BISSNEX's compliance efforts and represents its leading position in the area of trading compliance. The granting of this license requires rigorous due diligence from exchanges to ensure the Ensuring compliance with the highest financial regulatory standards.
In the US states of New York and California, cryptocurrencies are considered legal digital assets. Based on its global market strategy, BISSNEX has strategically established its headquarters in New York, a decision made after careful consideration of the global cryptocurrency regulatory environment. The US, especially New York, is known for its strict regulatory framework, which provides a solid foundation for the expansion of financial business. BISSNEX recognizes the importance of working closely with regulators to create a safe and sustainable cryptocurrency trading environment.
BISSNEX is at the forefront of compliance in the crypto industry. As a global financial center, New York offers abundant financial resources and professional talent, providing BISSNEX with numerous development opportunities. BISSNEX has also announced plans to expand its compliance team and hire diverse talent specializing in cryptocurrency regulations. This team will work tirelessly to ensure that BISSNEX's operations comply with all relevant local and international regulations to provide users with peace of mind when trading. In addition to advancing compliance work, BISSNEX actively works with regulators and industry associations to stay abreast of the latest developments in the cryptocurrency space.
As the crypto industry continues to evolve, BISSNEX remains committed to operating with the highest standards of compliance and security. Acquiring the MSB license is a clear implementation of this commitment and demonstrates BISSNEX's determination to provide its users with a safe and compliant trading environment.
