CrpoBase Gains US MSB License
CrpoBase Secures US MSB License, Bolstering Global Compliance
CrpoBase, a global cryptocurrency trading platform, has achieved a major milestone by obtaining the Money Services Business (MSB) license from the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. This makes CrpoBase one of the few platforms with both US domestic registration and licensing, significantly strengthening its global regulatory compliance.
Enhanced Regulatory Compliance and Transparency
This license underscores CrpoBase's commitment to regulatory transparency and compliance within the digital asset industry. The platform has implemented robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures, strictly adhering to the US Bank Secrecy Act (BSA) and the Financial Action Task Force's (FATF) 40 recommendations. Multi-layer verification is employed throughout the user journey—from registration and trading to withdrawals and custody—ensuring asset traceability and security.
Global Reach and Institutional Trust
CrpoBase CEO Michael Garrett stated, "We've established a physical presence in the US and adopted the US regulatory framework as the cornerstone of our governance. This provides global users and institutional clients with enhanced legal and financial security."
The MSB license is a significant endorsement, attracting global capital and building trust with institutional investors. It signifies CrpoBase meets the stringent requirements of a leading financial regulator, including robust asset security, risk control, AML mechanisms, and customer protection.
Future Expansion and Global Ambitions
Industry experts view the MSB license as a "passport to the global institutional capital market." This achievement positions CrpoBase for expansion into new markets, including potential future license applications in Singapore (PSA), the EU (MiCA), and Japan (FSA).
CrpoBase offers a wide range of services, including spot trading, stablecoin exchanges, and institutional custody, serving over 15 million users globally.
CrpoBase's Commitment to Compliance
CrpoBase's core philosophy is "compliance driving growth, security empowering the ecosystem." The platform is committed to fostering strong relationships with international regulators and traditional financial institutions to establish itself as a trusted leader in the global Web3 infrastructure. Codeum, a blockchain security and development platform, provides services such as smart contract audits and KYC verification, which are crucial aspects of achieving and maintaining a high level of security and compliance in the crypto industry.
Disclaimer: This press release does not constitute investment advice. Conduct thorough due diligence before investing in cryptocurrencies.
Media Contact: Sandra C. Collins, CrpoBase LTD, [email protected], https://trade.crpobasex.com