2018-11-13 14:59 |
B2BX cryptocurrency exchange announced on November 12 that it had acquired a license by the Estonian Financial Intelligence Unit (FIU), to operate as a fully regulated exchange for trading digital currencies.
B2BX Users Will Benefit From Additional ServicesAccording to the press release, with this regulatory approval, B2BX becomes one of the first fully-regulated crypto exchanges in the EU. The company’s representatives chose to submit their application in Estonia because it is widely recognized as one of the friendliest countries of the European Union towards cryptocurrencies and new technologies.
The license that will soon become effective, ensures that B2BX is compliant with the strict KYC and AML policies of the region. These provide users with enhanced transparency and significant financial comforts, such as increased automatic deposit and withdrawal daily limits and exchange and withdrawal facilities in fiat currencies via bank transfer and all major PSP providers.
Arthur Azizov, CEO and Founder of B2Broker Group said:
“We are delighted to have secured regulatory approval from Estonia, placing B2BX Exchange in the enviable position of being one of the first exchanges to achieve this accolade. I have long been a proponent of regulation which I believe will promote further the adoption of cryptocurrency usage and cryptocurrency trading. Our users will be able to benefit from an enhanced level of protection, safe in the knowledge that they are dealing with a world-leading, regulated cryptocurrency exchange.”
The Exchange Strives to Bring Innovation and to Obtain Further Regulatory ApprovalB2BX is a subsidiary of the B2Broker Group, an exchange aggregator and liquidity provider for the crypto and foreign exchange (FX) industry. It offers a full-featured spot trading platform with adequate liquidity to support all kinds of investors, from single users to financial institutions.
As B2BX focuses exclusively on liquid coins, all major cryptocurrencies are available for trading, including Bitcoin, Ethereum, Ripple, NEM, Litecoin, NEO, Monero, and Dash. B2BX remains updated with the latest trends in cryptocurrencies; it announced last month the addition of four stablecoins, TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX), to its platform.
It currently provides crypto-to-crypto trading, but crypto-to-fiat abilities will soon be added, as B2BX plans to extend its services by acquiring additional regulatory approval from other recognized jurisdictions.
Estonia Grants B2BX Crypto Exchange Regulatory License to Operate Within the EU was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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