DigiFinex Approved for Crypto Trading in Canada!
• DigiFinex, one of the leading cryptocurrency exchanges 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 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.
• The PRU agreed upon is the result of a lengthy and prudent discussion with the regulator and is a crucial regulatory requirement for cryptocurrency participants wanting to operate a dealer platform in Canada.
DigiFinex Granted Exemption License in Canada
DigiFinex, one of the leading cryptocurrency exchanges in the world, has 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.
Prerequisites for Operating Platform
The PRU agreed upon is the result of a lengthy and prudent discussion with the regulator and is a crucial regulatory requirement for cryptocurrency participants wanting to operate a dealer platform in Canada. To comply with the PRU, DigiFinex needs to put in place stringent measures to prevent money laundering and terrorist financing. The regulator also demands adequate security systems be established and maintained to protect investors’ assets and personal information. Additionally, DigiFinex must ensure that it has proper risk management procedures in place to safeguard against market manipulation and other fraudulent activities.
Regulator Approval
DigiFinex’s PRU was announced officially by the regulator in March 2023, making it one of a handful of operators with a certain pathway and timeline for achieving full approval from the Canadian government in months ahead. This achievement highlights DiFi’s commitment towards compliance as well as its dedication towards developing an ecosystem where users are able to trade crypto assets safely without compromising their privacy or safety online.
Adherence To Regulatory Standards
In order to adhere to all applicable regulations when operating within this jurisdiction, DiFi will continue working closely with regulators at both provincial level as well as federal level throughout various stages of development process so that users can access their services without any difficulty or confusion regarding legal status associated with our products or services offered within this jurisdiction.
Conclusion
These are exciting times for DiFi as they work towards expanding their reach into different global markets while adhering strictly regulatory requirements set forth by each respective nation they plan on entering. As such we look forward seeing how this project develops over time while ensuring user experience remains top priority regardless what stage development process we currently find ourselves within!
