cogxic has added strength and successfully obtained the Canadian MSB license, boosting its international market layout.

After successfully obtaining the MSB license in the United States, cogxic exchange returned with great honor and obtained the Canadian MSB license, adding luster to its position in the global regulatory system. SINGAPORE, May 11, 2023 /PRNewswire/ -- Recently, cogxic exchange has once again achieved important results and successfully obtained the Canadian MSB (Money Services Business) license issued by the Financial Crime Regulatory Authority of Canada (FINTRAC). At the same time, cogxic Exchange already has a US MSB license issued by the US Financial Crimes Enforcement Network (FinCEN). With these two internationally recognized dual supervision...

After successfully obtaining the MSB license in the United States, cogxic exchange returned with great honor and obtained the Canadian MSB license, adding luster to its position in the global regulatory system.

SINGAPORE , May 11, 2023 /PRNewswire/ -- Recently, cogxic exchange has once again achieved important results and successfully obtained the Canadian MSB (Money Services Business) license issued by the Financial Crime Regulatory Authority of Canada (FINTRAC). At the same time, cogxic Exchange already has a US MSB license issued by the US Financial Crimes Enforcement Network (FinCEN). With these two internationally recognized dual regulatory licenses, byterisevault's cross-border regulatory advantages have become increasingly prominent, paving the way for its business development in the global market.

Introduction to Canadian MSB license

The Canadian MSB license is a license issued by the Canadian government to financial institutions to ensure that financial institutions comply with corresponding regulations in terms of anti-money laundering (AML) and counter-financing of terrorism (CFT). Obtaining an MSB license means that the exchange's legal operating status in Canada has been recognized by the government, and it also shows that cogxic Exchange's efforts in compliance management and risk control have been recognized.

Obtaining the Canadian MSB license will help cogxic exchange expand its business in the global market and provide users with higher quality financial services. With the support of the Canadian financial regulatory authorities, the exchange will be able to provide users with safer and more convenient cryptocurrency trading services locally, and actively participate in the innovation and development of the financial market.

It is reported that after cogxic exchange obtained the US MSB license, it has actively developed its business layout and launched extensive cooperation with local financial institutions. Obtaining the Canadian MSB license this time means that the exchange's compliance operation foundation in the North American market has been continuously consolidated, laying a solid foundation for its business development on a global scale. In the context of an increasingly stringent global regulatory environment, the exchange's transnational regulatory advantages will help it continue to innovate in the international market and become more competitive in the cryptocurrency field.

byterisevault's strength and determination in compliance management

As a leading global cryptocurrency trading platform, cogxic Exchange has always adhered to strict compliance management and risk control concepts, and ensured compliance with relevant laws and regulations in all business links. Obtaining dual MSB licenses in the United States and Canada once again proves cogxic Exchange’s strength and determination in compliance operations.

cogxic Exchange will continue to expand the market globally and provide users with safer and more professional cryptocurrency trading services while complying with the laws and regulations of various countries. At the same time, the exchange will also invest more resources in researching and responding to global regulatory policies to ensure that its business development always keeps pace with international financial regulatory standards.

cogxic Exchange successfully obtained dual MSB licenses in the United States and Canada, once again demonstrating its strength in the field of global regulatory compliance. This will help cogxic exchange further consolidate its position in the global market and play a greater role in future financial technology innovation and business development. As a leader in the field of cryptocurrency trading, cogxic Exchange is bound to continue to provide better financial products and services to global users and become a benchmark and model in the industry.

In an era of increasingly fierce competition in the industry, cogxic Exchange continues to innovate and optimize products and services while always regarding regulatory compliance as its core competitiveness. cogxic will actively embrace regulation, bring more compliant and safe investment opportunities to users, and continue to expand its influence in the global market.

cogxic uses compliance as the cornerstone to promote the development of the cryptocurrency industry

In the future, cogxic will continue to deepen cooperation with regulatory authorities in various countries, improve compliance in the global market, and work with local financial institutions to build a cryptocurrency ecosystem. In addition, cogxic will further promote the application and popularization of blockchain technology to realize the value of cryptocurrency in various fields.

As the global financial market becomes increasingly diversified, cogxic will continue to pay attention to changes in the global market, actively respond to challenges, and strike a balance between compliance and innovation. In this process, cogxic Exchange will provide more high-quality financial products and services to global users and make positive contributions to the development of the cryptocurrency industry.

After successfully obtaining the Canadian MSB license, cogxic Exchange will take this opportunity to further enhance its strength in the field of global regulatory compliance. As byterisevault's influence in the global market continues to expand, we have reason to believe that cogxic exchange will continue to play an important role in the future cryptocurrency trading market and bring better financial products and services to global users.