BiKing was awarded the MSB compliance operating license issued by Finance of the United States, which marked the phased progress of BiKing Exchange's global compliance layout.
Global compliance operations: US and Canada dual MSB licenses
MSB (MoneyServiceBusiness, money service provider) license is a type of financial license supervised and issued by the US Department of the Treasury. The main subject of supervision is money service-related businesses and companies, including digital currency, virtual currency transactions, and international payments And so on business. Companies engaged in the above-mentioned related businesses in the United States must apply for an MSB license in order to operate legally. At present, the industry's well-known exchanges Coinbase, Huobi, Binance, etc. all hold the license.
Canadian FINTRAC, referred to as Canadian FTR or Canadian MSB license. FINTRAC is Canada's financial supervision unit. It was established in 2000. It is mainly responsible for collecting, analyzing, evaluating and disclosing relevant information about the Canadian financial industry in order to protect Canada's financial stability and security. The business scope of its fund supervision service includes: foreign exchange transactions; transfer and remittance business; cashing or selling money orders; traveler's checks; virtual currency transactions, etc.
The acquisition of the dual license signifies that the global compliance process of BiKing Exchange has entered a new stage. In the future, BiKing Exchange will continue to be committed to the advancement of the global and planning process.
Strong user base: millions of users in 26 countries around the world
BiKing is a global compliant professional blockchain derivatives trading platform, headquartered in Singapore, with a digital currency trading platform compliance operating license and a financial derivatives compliance operating license. Since its operation, it has been favored by 1.2 million users worldwide, covering 26 countries including Singapore, Europe, South Korea, Hong Kong of China, and Southeast Asia.
BiKing takes compliance, security, and innovation as its core concepts, and takes the protection of user assets as the first criterion, and aims to provide ordinary users, professional traders and investment institutions with extremely smooth digital currency financial derivatives transactions platform.
Heavy investment from internationally renowned institutions: BiKing's strength has been recognized
BiKing Exchange's comprehensive product services and strong user base have attracted the favor of world-renowned capital.
Currently, BiKing Exchange has received a strategic investment of US$20 million (equivalent to RMB 130 million) from Singapore Capital Intabing Company. Intabing Investment will provide BiKing Exchange with global market resource support, and will rapidly expand the global influence of BiKing Exchange in a short period of time.
At the same time, the two parties will jointly launch the technical research and market exploration start-up project development of new derivatives of encrypted assets. BiKing Exchange will give full play to its own advantages, better integrate high-quality resources, further promote platform construction and technology development, and provide better services for global blockchain financial derivatives.
Attachment 1: BiKing Exchange US MSB License Map
Attachment 2: BiKing Exchange Canada MSB License Map