• Days
  • Hours
  • Mins
  • Secs
  • Sat, 19 Oct 2019, 02:24 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange CEX.IO receives Gibraltar DLT license

Gibraltar.IamRender/Flickr

Thu, 11 Jul 2019, 04:50 am UTC

Following successfully acquiring its Money Transmitter Licenses (MTLs) in the U.S., CEX.IO is giving traders even more good news that it is now allowed to operate in Gibraltar. This is after it had to satisfy several strict requirements by the Gibraltar Financial Services Commission (GFSC). After doing so, it finally received its Digital Ledger Technology (DLT) license that allows it to operate in the country.

The regulations that CEX.IO had to satisfy were based on the Nine Regulator Principles, Finance Magnates reports. Among the biggest issues that the exchange had to address in order to pass was the matters of financial crimes and safety for the traders. As such, CEX.IO had to prove that its security protocols were up to scratch and that its practices are in adherence to the highest points of integrity.

Based on the fact that it was given a license to operate in the country, CEX.IO can be safely considered as one of the safest and most customer-friendly crypto exchanges in the market. Then again, Gibraltar is fast becoming one of the friendliest countries for blockchain and crypto firms in the world. Just as CEX.IO did, the crypto exchange arm of the LMAX Group, LMAX Digital also secured a license in the country.

CEX.IO CEO, Oleksandr Lutskevych expressed his excitement at the prospect of being able to operate in Gibraltar, BitcoinExchangeGuide reports. In order to facilitate its compliance with the GFSC, the firm had to work with the team provided by Hassans International Law Firm. Through their expertise, it was proven that CEX.IO was a company that was worthy of being granted a DLT license.

This approval is bound to have an impact on the exchange’s business elsewhere in the world, as well. By proving that it is a secure platform to trade in, consumers will have fewer worries when signing up with CEX.IO.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,948.73 (-2.12%)
  • Ethereum (ETH) $172.57 (-2.67%)
  • XRP (XRP) $0.290600 (-2.62%)
  • Bitcoin Cash (BCH) $212.00 (-3.77%)
  • Litecoin (LTC) $53.13 (-2.88%)
  • Bitcoin (BTC) $7,948.73 (-2.12%)
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:48
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:59
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
11:13
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
10:41
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft