Dear Bitunix users,
We're excited to announce that Bitunix has been granted a Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN) in the United States.
In the United States, the Money Services Business (MSB) License is offered by FinCEN, a bureau of the U.S. Department of the Treasury. FinCEN is responsible for enforcing regulations related to anti-money laundering (AML) and counter-terrorist financing (CTF), including the oversight and licensing of MSBs.
Once granted, the MSB license allows the licensed entity to conduct specified financial activities, such as money transmission, currency exchange, check cashing, and prepaid access to funds, within the United States. Licensed MSBs are subject to ongoing regulatory oversight and are required to maintain compliance with all applicable laws and regulations enforced by FinCEN.
Bitunix can now officially function as a Money Services Business thanks to the MSB license, which also guarantees that we follow the strict rules outlined by FinCEN. We can perform several financial services with this license, such as international money transfers, foreign currency exchange, and digital currency transactions.
Acquiring the US MSB license is evidence of our commitment to offering our users a safe and reliable platform. It guarantees that we follow the law, ensuring responsibility and integrity in all of our operations.
Bitunix Team
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