Sets a significant milestone in international business development
London, United Kingdom--(Newsfile Corp. - January 20, 2022) - The world's first metaverse exchange 8V.com recently obtained the Money Services Business (MSB) certifications issued by the US and Canada, which allow 8V to provide legal cryptocurrency trading services, setting a significant milestone in international business development.
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8V.com is committed to providing efficient and secure asset management and trading services. Meeting the stringent standard of Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), 8V officially obtained Money Services Business (MSB) certification on December 23rd, 2021, implementing its critical policy to operate in compliance with relevant laws and regulations. The certification is valid until November 30th,2024.
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As the popularity of metaverse increases, users worldwide are all looking forward to the launch of a brand-new financial trading platform. Since cryptocurrency is one of the latest fields in global finance, users' major considerations are certainly compliance and security. Served as the world's first metaverse digital asset exchange, 8V puts 'compliance' in the center and strictly follows regulations of FINTRAC, creating a secure, efficient, fair and transparent online trading environment for investors worldwide.
Why do first-rate exchanges choose to apply for MSB certifications issued by the US and Canada?
As the blockchain industry grows, while exchanges worldwide actively promote innovative technology, they also seek certification and supervision from professional organizations to ensure users' personal information and digital assets are well-protected. In the US, MSB certification is issued by Financial Crimes Enforcement Network (FinCEN), an organization subordinate to the US Department of Treasury. The purpose of the certification is to ensure enterprises have comprehensive plans and professional knowledge to effectively implement the plans and comply with relevant rules of cryptocurrency trading.
MSB certification issued by Canada is an AA certificate often at the top of the list when first-rate financial trading platforms seek certifications. Enterprises with this certification will be overseen by FINTRAC and regulated by the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). FINTRAC is a Canada Financial Intelligence Department located in Ottawa. In order to maintain stability and security in the financial industry in Canada, FINTRAC's major responsibilities are collecting, analyzing, evaluating and disclosing relevant information in the financial industry.
8V's road to a legal exchange
8V.com is a world-leading blockchain technical service provider. Established in the UK in 2021, 8V is committed to building immersive, social and real-time metaverse ecological modules. With mature product lines such as digital asset trading systems and wallets, the company created a technical services-traffic-commercialization industrial circular.
8V.com is formed by a group of experienced professionals in exchanges, media and blockchain. Putting users at the center, 8V is committed to providing reliable, secure, highly private, convenient and efficient financial information and comprehensive virtual financial trading services to users in over 200 countries.
Deeply trusted by its users since its establishment, obtaining MSB certifications further shows 8V's determination to embrace the supervision and regulation of countries worldwide. This indicates that 8V has become a top-notch exchange that is safe and compliant and set a significant milestone in international business development.
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