Questions tagged [regulated money service business (msb)]

Arianna Tue Jul 16 2024 | 5 answers 1174

Could you please elaborate on whether BingX is considered a regulated Money Service Business (MSB) exchange? Given the evolving nature of cryptocurrency regulations, it's crucial to ensure that platforms like BingX adhere to the necessary legal and compliance standards. MSB status typically involves adhering to a set of rules and regulations, including anti-money laundering (AML) and know-your-customer (KYC) procedures. Could you clarify if BingX has obtained such a status and if so, which regulatory bodies it is registered with? This information is paramount for users to assess the safety and legitimacy of the exchange.