BitVenus has obtained the MSB (Money Services Business) financial regulatory license in the United States, allowing us to conduct legal and compliant cryptocurrency financial trading operations in all 50 states of the United States. This achievement further enhances our commitment to providing safe and reliable services and building trust with our users.
What is the MSB License?
MSB stands for Money Services Business, and it is a financial license regulated and issued by FinCEN (Financial Crimes Enforcement Network), a subsidiary of the U.S. Department of the Treasury.
With this license, companies can legally engage in various financial activities in the United States, including digital assets, foreign currency exchange, and international remittances. It is important to note that the U.S. Department of the Treasury and the Securities and Exchange Commission have emphasized that companies engaging in foreign exchange and related businesses in the United States must register for the MSB license from FinCEN. In other words, obtaining the MSB license is essential for conducting compliant foreign currency-related activities in the United States.
The MSB regulatory license in the United States is a significant recognition of BitVenus' global compliance operations and is the result of our continuous efforts in the cryptocurrency trading field. Obtaining this license signifies that we have successfully passed the rigorous scrutiny of U.S. financial regulatory authorities, demonstrating that our platform operates legally and securely, and complies with laws and regulations related to anti-money laundering and anti-terrorism financing.
We understand the importance of security and compliance to our users when it comes to trading platforms. Therefore, we are dedicated to establishing a transparent and regulated trading environment. Obtaining the MSB regulatory license further strengthens our risk management and compliance capabilities, ensuring the security of users' assets and the integrity of their transactions.
Furthermore, BitVenus will continue to uphold the principle of "Compliant Operations, Service First" by providing diversified cryptocurrency derivative trading, high-quality services, and user education. Our goal is to empower users with a better investment experience in the cryptocurrency market. We will stay updated with global financial regulatory developments and actively cooperate with relevant regulations to provide users with a safer and more transparent trading environment.
We sincerely appreciate your continuous support and trust in BitVenus. We will continue to strive for excellence in enhancing user experience and delivering innovative products and services.
Telegram group: https://t.me/bitvenus_official
Official Email: BitVenus@outlook.com