Xcoins, a leading cryptocurrency exchange, obtained their Class 3 Virtual Financial Asset (VFA) License issued by Malta Financial Services Authority (MFSA), making them one of the first cryptocurrency exchanges to receive these permissions. As there are not many regulators in the crypto world, receiving this license sets Xcoins apart from the crowd.
Xcoins’ business strategy has been focused on global expansion and has now been recognized for its dedication to excellence. Receiving its Class 3 VFA license from the MFSA means that Xcoins’ internal processes and policies are in line with the highest standards in the industry.
CEO and Founder at Xcoins, Rob Frye stated, “We’re proud to announce that we’ve received our VFA licensing from the MFSA. Being one of the first cryptocurrency platforms to achieve this milestone means that we can keep paving the way for a more secure and regulated industry. Xcoins is leading the way as digital assets gain popularity worldwide.”
Fulfilling the conditions and the ongoing obligations of the international laws and regulations is proof of Xcoins’ commitment to providing secure and compliant crypto services, protecting users’ fiat and crypto funds, across the world.