Compliance Notice
8V Exchange Compliance Notice
8V.com, the pioneering metaverse exchange, has successfully attained Money Services Business (MSB) certifications from the US and Canada. While this is a noteworthy achievement, we issue this compliance notice to clarify that these MSB certifications do not, in themselves, authorize 8V to provide cryptocurrency trading services across all jurisdictions. We strongly advise our users to acquaint themselves with local regulations before participating in any trading activities.
Dedicated to offering efficient and secure asset management and trading solutions, 8V met the rigorous standards set by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). On December 23rd, 2021, we were officially awarded the Money Services Business (MSB) certification, which remains valid until November 30th, 2024, reinforcing our commitment to work within the parameters of pertinent laws and rules.
As the significance of cryptocurrency trading platforms increases, investors globally are becoming increasingly focused on issues of compliance and security. With a core commitment to adherence to Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulations, 8V is positioned to offer a trading environment that is trustworthy, efficient, fair, and transparent for investors worldwide.
Importance of MSB Certifications in North America
Financial trading platforms seeking to establish credibility and trustworthiness often prioritize Money Services Business (MSB) certifications, both in the United States and Canada. In the United States, the MSB certification is issued by the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury. The certification ensures that a business possesses comprehensive strategies and the technical capability to enforce them in compliance with the relevant regulatory requirements governing digital asset trading.
Similarly, the MSB certification in Canada is a highly esteemed credential that brings enterprises under the regulatory oversight of FINTRAC. This governmental agency, headquartered in Ottawa, focuses on the collection, analysis, and dissemination of financial information, primarily for the purposes of anti-money laundering (AML) and counter-terrorism financing (CTF).
About 8V Compliance
Founded in Canada in 2019, 8V has distinguished itself as a leading service provider in blockchain technology. The company offers a suite of established products including digital asset trading systems and wallets. The multidisciplinary team at 8V, comprising experts from sectors such as financial exchanges, media, and blockchain technology, remains steadfast in its commitment to user-centric service.
Our Commitment to Regulatory Compliance
8V has earned substantial trust within its user community, and the acquisition of MSB certifications serves as a testament to the company’s unwavering commitment to global regulatory compliance. This pivotal achievement is not merely a compliance milestone, but also marks a significant step in the company’s international expansion strategy.
Ongoing Dedication to Compliance
8V will continue to focus on delivering high-quality products and services to its global user community, spanning over 200 countries, while maintaining rigorous compliance with international financial regulations.
Risk warning: Leveraged trading is an activity with high market risk. While it may bring huge profits, it may also cause you to suffer huge losses. Past returns are not indicative of future returns. Severe price fluctuations may result in your entire margin balance being liquidated. The information provided here should not be considered financial or investment advice from the 8V Platform. All trading strategies are at your own discretion and risk. The 8V platform does not assume any responsibility for any losses that may occur due to your use of leverage.
Read: Disclaimer
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