B2BX Crypto Exchange Obtains Trading License From FIU Estonian Regulator
The B2BX Company is among the first companies dealing with blockchain to be fully controlled in Europe.
On Monday, the company which has been trading on a professional digital asset platform announced that they had received an operating license from the FIU which is the body responsible for Financial Intelligence regulation in Estonia.
B2BX Exchange is part of the B2Broker Group of companies, it normally provides liquidity options for their institutional investors. It provides a platform where its investors are able to transact all the world’s key cryptocurrencies.
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This license propels B2BX Exchange, to be among the pioneer crypto firms in Europe that is fully under regulation. Estonia is credited as the originators of Skype. It is also a favorite country for blockchain enterprises seeking to obtain a trading license. It is also known for flexibility as far as technology and cryptos are concerned.
B2BX is in current support of five major stable coins by the names USDT, USDC, GUSD, PAX, and TUSD. With the current license in place, the firm is optimistic that it can expand its crypto services and release other crypto products into the market. Its Users gain the advantage of higher limits for their programmed transactions.
The Chief Executive and creator of B2Broker group of companies, Mr. Azizov noted that the company is appreciative of the fact that they have secured a license to operate from Estonia. This has propelled B2BX exchange to be a forerunner crypto company to achieve this kind of acknowledgment.
He added that he had advocated for a regulation and he believes this will promote crypto trading and usage. He said that his company’s users will benefit from better protection and security, knowing that they are trading with a world regulated leader.
He added further that having secured the license from Estonia, his firm is now on a license hunting mission in other countries. However, he remained tight-lipped on the areas of interest. He said such information will be released to the public in the future. But said the firm is in the submission stage with several regulators and it’s seeking authorization.