Global cryptocurrency exchange QXALX recently announced its successful registration as a Money Services Business (MSB) under the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN). By obtaining the MSB license, QXALX is now authorized to legally operate a range of financial services in the United States, such as currency exchange and money transfer, laying a critical compliance foundation for its global expansion in the crypto financial sector.

The acquisition of the MSB license signifies that QXALX has met U.S. regulatory standards, enabling the platform to offer services such as fiat-to-crypto currency exchange and cross-border money transfers. Under the Bank Secrecy Act (BSA), QXALX is legally permitted to conduct operations across the U.S., including foreign exchange services, money transfers, and the issuance and sale of traveler checks and money orders.

The operational scope of QXALX now spans all 50 U.S. states and territories, from Alabama to Wyoming, including federal jurisdictions and overseas territories. This allows the platform to effectively serve domestic U.S. users while establishing a solid foundation for its business expansion in other countries.

Ethan Hawthorne, CEO of QXALX, highlighted the significance of this milestone: “Obtaining the MSB license is a critical step in our ongoing efforts to promote compliance and global operations. By legalizing our financial services, we ensure that every transaction on the QXALX platform adheres to international regulatory standards. This forms the basis for deep collaboration with global financial institutions.”

With the MSB license, QXALX has further enhanced its product and service offerings in the crypto financial sector, particularly in cross-border payments and money transfers. The license allows QXALX to legally provide money transfer services, offering users fast, secure, and low-cost cross-border remittance options. Compared to traditional banks, which often impose high fees and operate inefficiently, the crypto-based transfer services of QXALX offer a more convenient and reliable way for users to move funds. Additionally, through compliant currency exchange services, users can easily convert fiat currencies into digital assets, enabling greater participation in the cryptocurrency market.

QXALX also plans to leverage this compliance advantage to actively expand partnerships with global banks, payment service providers, and other financial institutions. By fostering deeper integration between cryptocurrency services and traditional financial systems, QXALX aims to lower the barriers for users to enter the world of digital assets and promote the global adoption and application of cryptocurrencies.

Company: QXALX DIGITAL COIN CO., LTD.

Contact Person: Lee Ji-hoon

Email: support@qxalx.org

Website: https://www.qxalx.org

City: Colorado, USA

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.