DigiFinex Gets Canada Approval: Crypto Exchange Allowed to Operate

• DigiFinex, a leading cryptocurrency exchange in the world, has been granted a Pre-Registration Undertaking (“PRU”) exemption-based approval by the Canadian regulator.
• This license allows DigiFinex to operate in Canada and provides a unique opportunity for Canadian clients to buy and sell cryptocurrencies on DigiFinex’s platform.
• To comply with the PRU, DigiFinex needs to put in place stringent measures to prevent money laundering and terrorist financing.

DigiFinex Granted Exemption License in Canada

DigiFinex, one of the leading cryptocurrency exchanges in the world, has recently been granted a Pre-Registration Undertaking (“PRU”) exemption-based approval by the Canadian regulator (at the provincial level, Alberta Securities Commission, and other provinces providing reciprocal recognition). This license allows DigiFinex to operate in Canada in accordance with the terms of the PRU agreed with the regulator and provides a unique opportunity for Canadian clients to buy and sell cryptocurrencies on DigiFinex’s platform.

Terms Agreed Upon

The PRU agreed upon is the result of a lengthy discussion between DigiFinex and Canadian regulators. It is an important regulatory requirement for cryptocurrency participants wanting to operate a dealer platform in Canada. To comply with this agreement, DigiFinex must put certain measures into place such as stringent anti-money laundering policies as well as adequate security systems to protect investors’ assets and personal information. Additionally, risk management procedures should be established to safeguard against market manipulation or any fraudulent activities.

Official Announcement

The PRU was officially announced by regulators in March 2023 making it one of few operators that have achieved full approval from Canadian government within months time. The achievement highlights Digital’s continuous commitment towards developing safe trading environments for its users while also adhering to different regulations across jurisdictions worldwide.

Commitment Towards Regulatory Compliance

Digifinex is committed towards being compliant with different regulations around the globe which helps instill trust among its users that their funds are secure when trading on its platform. With licenses from various jurisdictions including Singapore, Estonia and now Canada – more customers can access digital asset markets safely without worrying about any legal issues surrounding their investments or transactions..

Final Thoughts

This new license will allow customers from Canada access to crypto markets through one of the most popular platforms out there – giving them more options when looking at digital asset investments

This article was written by admin