Seychelles, 13th November 2023, ZEX PR WIRE, OrangeX, the global cryptocurrency exchange with over 1 million users, announced its successful registration as a Virtual Asset Service Provider (VASP) in the Czech Republic.
The Financial Market Supervision Authority (FMSA) is the regulatory body administrating and monitoring crypto-related activities in the Czech Republic. OrangeX’s successful registration by FMSA underscores the platform’s compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. By establishing a sensible and robust regulatory framework, OrangeX commits to maintaining the highest standards of compliance and regulatory oversight. This commitment is crucial for building trust and reliability with users and stakeholders.
As a registered VASP, OrangeX is now authorised to provide exchange services between various forms of virtual assets with fiat currency. For OrangeX users, VASP status translates to enhanced liquidity, broader availability, and tighter data encryption. Operating legally in the Czech market is a significant milestone for OrangeX, marking its expansion in the European Union (EU) region.
OrangeX anticipates continued growth and expansion within the EU region while exploring opportunities to drive adoption and development. The dedicated compliance team remains vigilant about global regulatory changes, actively pursuing licenses in Canada, Hong Kong, and Estonia.
As a highly regulated platform, OrangeX adheres to stringent compliance standards, ensuring users experience a more secure and transparent trading environment.
CoinMarketCap (CMC) and CoinGecko-listed exchange, OrangeX, founded in 2021 in Seychelles, stands as a worldwide cryptocurrency trading platform renowned for its cutting-edge technology, proficient team, and seasoned financial knowledge. Our paramount strengths encompass strict regulatory adherence, robust fund and system security, unwavering transparency, and dependable products, all of which collectively culminate in the delivery of top-tier professional services to our esteemed users.
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