openPR Logo
Press release

CBASOX Becomes a Cryptocurrency Exchange with Both Canadian and US MSB Licenses

07-11-2024 04:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Bit Global News
CBASOX Becomes a Cryptocurrency Exchange with Both Canadian

In a pivotal moment for the maturing and globalizing cryptocurrency industry, CBASOX Exchange [https://www.cbasox.org/] recently announced that it has officially obtained the Money Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This follows its prior acquisition of the MSB license from the Financial Crimes Enforcement Network (FinCEN) of the US Treasury. This development makes CBASOX one of the few international cryptocurrency exchanges to hold both Canadian and US MSB licenses, further solidifying its leadership position in the global cryptocurrency market.

Image: https://www.getnews.info/uploads/07e4f3fc631ccf94028865a4ce909765.png

For CBASOX, obtaining the MSB licenses from both Canada and the United States is not only an international recognition of its compliance and security standards but also a significant endorsement of its business capabilities and brand reputation. These licenses enable CBASOX to offer more diverse, secure, and reliable cryptocurrency trading services to users in Canada and the US, adhering to stringent anti-money laundering (AML) and counter-terrorist financing (CFT) regulations.

Securing an MSB license is a complex and challenging process that requires exchanges to meet rigorous standards in business operations, risk management, and customer identity verification. Since its inception, CBASOX has prioritized compliance as a core aspect of its development, investing substantial resources and effort into building its compliance framework. By working closely with legal and compliance advisors, CBASOX has successfully created a transparent, secure, and compliant trading environment, providing users with a trustworthy cryptocurrency trading platform.

The acquisition of MSB licenses in both Canada and the US not only paves the way for the expansion of CBASOX in the North American market but also sets a benchmark for compliance in the global cryptocurrency industry. CBASOX stated, "In the face of the rapid development of the global cryptocurrency market, CBASOX remains committed to enhancing service quality, expanding business scope, and strengthening collaboration with global regulatory bodies. Our goal is to ensure that while we provide innovative services, we consistently adhere to the highest standards of compliance and security. Through ongoing efforts and innovation, we believe CBASOX can offer users safer, more convenient, and efficient cryptocurrency trading services, promoting the healthy development of the entire industry."

About CBASOX

CBASOX is a leading international cryptocurrency trading platform dedicated to providing safe, efficient, and convenient cryptocurrency trading and financial services to users worldwide. Leveraging its robust technological capabilities and stringent compliance framework, CBASOX offers a comprehensive range of cryptocurrency trading solutions, including spot trading and contract trading, making it a trusted partner for cryptocurrency investors globally.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: CBASOX DIGITAL TRADE LIMITED
Contact Person: Kim Min-su
Email: Send Email [http://www.universalpressrelease.com/?pr=cbasox-becomes-a-cryptocurrency-exchange-with-both-canadian-and-us-msb-licenses]
Country: United States
Website: https://www.cbasox.org



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CBASOX Becomes a Cryptocurrency Exchange with Both Canadian and US MSB Licenses here

News-ID: 3575363 • Views:

More Releases from Getnews

Million-Selling Artist Michael Peterson Reimagines Classic
Million-Selling Artist Michael Peterson Reimagines Classic "He Ain't Heavy, He's …
Image: https://www.globalnewslines.com/uploads/2025/10/1761307045.jpg New single and video call for unity, empathy, and hope in a divided world. Million-selling country artist Michael Peterson, known for his #1 hit "From Here to Eternity" and chart favorite "Drink, Swear, Steal & Lie," is releasing a powerful new version of the timeless anthem "He Ain't Heavy, He's My Brother." Peterson is joined by the legendary, multi-Grammy Award-winning group The Imperials, whose rich harmonies have graced stages alongside Elvis
FlareFlow Unveils Global Expansion Framework, Supported by Leadership Including Former TikTok Executive Shawn Wu
FlareFlow Unveils Global Expansion Framework, Supported by Leadership Including …
Three-pillar model links product, teams and ecosystem as microdramas move from niche to mainstream Image: https://www.globalnewslines.com/uploads/2025/10/7dbd656b3ccffade05581fbb2a8a1f27.jpg FlareFlow, the international microdrama platform operated by COL Group, has unveiled a new framework for its global expansion. The approach focuses on three connected areas that will guide scale and quality across markets: product and content, team and organisation, and the wider industry ecosystem. "Each market has its own rhythm and audience behaviour," said Shawn Wu, Vice
San Antonio Homeowners Turn to Apex Roofing & General Contractors for Reliable Roof Replacement
San Antonio Homeowners Turn to Apex Roofing & General Contractors for Reliable R …
Image: https://www.globalnewslines.com/uploads/2025/10/1761336221.jpg SanAntonio,TX - October24,2025 - ApexRoofing&GeneralContractors in San Antonio [https://apexroofing.biz/] has reaffirmed its leadership position in delivering roof replacement services, as homeowners and property managers increasingly turn to the firm for expert expertise, rapid response and trusted workmanship. Drawing on decades of experience, certified crews and a full suite of exterior services, the company continues to set the bar for quality and reliability in a highly competitive local market. Setting the
Apex Roofing & General Contractors Rises Among Local Roofing Companies in San Antonio for Quality and Reliability
Apex Roofing & General Contractors Rises Among Local Roofing Companies in San An …
Image: https://www.globalnewslines.com/uploads/2025/10/1761334076.jpg San Antonio, TX - October 24, 2025 - Apex Roofing & General Contractors of San Antonio [https://apexroofing.biz/] continues to earn the trust as a top choice among local roofing companies, providing high-quality roof replacements, storm damage repairs, and expert roofing solutions tailored to Texas homes and businesses. As demand for dependable roofing contractors grows across Bexar County, Apex Roofing & General Contractors has steadily risen to the top of the

All 5 Releases


More Releases for CBASOX

CBASOX Sets New Benchmark in Cryptocurrency Security with Groundbreaking AI Tech …
Security has always been a paramount concern in the realm of cryptocurrency trading. Recently, CBASOX Exchange [https://www.cbasox.org] announced a revolutionary advancement in this arena: the successful implementation of an epoch-making artificial intelligence (AI) security technology, establishing a new industry standard for cryptocurrency security. This significant technological breakthrough not only substantially enhances the protective capabilities of the platform but also provides a safer and more reliable trading environment for users worldwide. Image:
CBASOX Exchange Boosts User Trust with Over 15% Excess Reserve Ratio
CBASOX Exchange [https://www.cbasox.org], a globally renowned cryptocurrency trading platform, has recently announced a significant milestone in its commitment to user asset security. The security reserve fund the platform now maintains an excess reserve ratio exceeding 15%, a development that not only underscores the dedication of CBASOX to safeguarding user assets but also substantially enhances global user trust in the CBASOX trading platform. Image: https://www.getnews.info/uploads/db0e1501f0dcb72be1f8051a98165bbe.png As a leader in advanced security technologies and
CBASOX Introduces Anti-Addiction System to Promote Healthy Cryptocurrency Tradin …
In response to the rapid proliferation of digital currency trading, CBASOX Exchange [https://www.cbasox.org/] has officially introduced an innovative anti-addiction trading system. This initiative aims to protect users from potential trading risks and encourage the development of healthy cryptocurrency trading habits. Image: https://www.getnews.info/uploads/695585398a4dadb2d7fb844fde2b9ad5.png Why is an Anti-Addiction System Necessary? As the cryptocurrency market grows rapidly, investor enthusiasm for trading has soared, leading to issues of excessive trading and addiction. These problems pose potential threats
CBASOX Announces Global Alliance Initiative to Build an Open Cryptocurrency Ecos …
Amidst the continuous growth of the cryptocurrency sector, CBASOX Exchange [https://www.cbasox.org/] has unveiled its "Global Alliance Initiative," aimed at expanding its global influence and enhancing ecosystem collaboration. This initiative underscores the commitment of CBASOX to fostering open cooperation and creating a mutually beneficial ecosystem. Image: https://www.getnews.info/uploads/55afd6b5f1e5df2a735b629bd97654ba.png CBASOX Exchange has consistently dedicated itself to providing users with a secure and efficient trading experience while driving innovation and development within the cryptocurrency industry. Through
CBASOX Successfully Renews FinCEN MSB License Strengthening Compliance Operation …
CBASOX Exchange [https://www.cbasox.org/] has announced the successful renewal of its Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) of the United States. This renewal extends the license validity until January 9, 2027, following its initial acquisition in 2021. Image: https://www.getnews.info/uploads/2c934e876a39d2673ba7592023856a48.png The initial acquisition of the FinCEN MSB license in 2021 marked the formal entry of CBASOX into the US market, demonstrating compliance with stringent American financial regulations.
CBASOX to Recruit 200 New Employees Expanding Global Business
Amid the rapid development of the cryptocurrency sector, CBASOX Exchange [https://www.cbasox.org/] has announced a new expansion plan to recruit 200 new employees. This initiative aims to bolster its operations in key regions including Europe, South America, and Asia. The recruitment drive will encompass various fields such as operations, compliance, and research and development (R&D), and seeks to better meet regional user needs through close collaboration with local partners, thereby promoting