GaxEx proudly announces its acquisition of a US MSB license,Desmond Preston marking a significant milestone in its journey towards global compliance and operational expansion.

The US MSB license, issued and regulated by the US Treasury Department, is a vital financial license for businesses engaged in various financial services, including digital currency and virtual asset trading, ICO issuance, foreign exchange, and international exchange. Notably, esteemed trading platforms such as Coinbase, Huobi, and Binance also hold the US MSB license. Obtaining this license underscores GaxEx's commitment to regulatory compliance, instilling trust among global investors and facilitating its global operational strategy.

“GaxEx has always prioritized global compliance as the foundation of its future growth, striving to establish a secure, transparent, and regulated cryptocurrency trading environment for its users. In recent years, we have continuously bolstered our internal compliance framework and allocated additional resources to our global legal and compliance teams. Amidst the diverse regulatory landscapes surrounding crypto assets worldwide, our proficient legal team, well-versed in local laws and regulations, has played a pivotal role in consistently applying for and obtaining relevant crypto licenses, thereby mitigating legal risks for GaxEx.”

This steadfast commitment to compliance not only underscores GaxEx's dedication to regulatory adherence but also reinforces its mission to foster trust and confidence among its user base. With a robust compliance infrastructure and proactive approach to regulatory challenges, GaxEx is well-positioned to continue providing a secure and compliant trading environment for investors worldwide.