• Sun, 08 Dec 2019, 11:51 PM
  • 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) $7,569.73 (+0.09%)
  • Ethereum (ETH) $151.44 (+1.62%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.10 (+0.60%)
  • Litecoin (LTC) $45.86 (+0.55%)
  • Bitcoin (BTC) $7,569.73 (+0.09%)
Dec 8, 2019 (Sunday)
10:32
Investment group acquires green light from the SEC for Bitcoin Futures fund
10:16
SEC taps British court to acquire deposition from former Telegram chief investment advisor
Dec 6, 2019 (Friday)
13:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:24
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:19
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
11:18
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
10:31
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
10:00
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
08:44
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
07:37
Reserve Bank of India governor against the development of private digital currencies
07:34
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
07:30
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
05:47
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
05:03
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
04:42
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
04:23
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
03:56
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
03:54
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
03:51
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
13:09
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft