Cryptocurrency exchange Freedx has successfully received a Digital Asset Service Provider (DASP) license in El Salvador, marking an important step for its growth and resilience in the market.
Obtaining the DASP License
The crypto exchange Freedx has been approved by the Comisión Nacional de Activos Digitales (CNAD) in El Salvador to obtain the DASP license. This achievement highlights the company's commitment to becoming a reliable and compliant platform in the crypto ecosystem.
El Salvador's Role in the Crypto Industry
El Salvador has asserted its commitment to crypto-friendly policies since 2021, when it became the first country to recognize Bitcoin as legal tender. The enactment of its Digital Assets Law in 2023 confirmed the country's status as a global hub for digital assets.
Freedx's Development Plans
Freedx plans to participate in two major conferences: Paris Blockchain Week and the El Salvador Digital Asset Summit. At these events, the company will showcase its brand and participate in panel discussions.
The acquisition of the DASP license marks a significant step for Freedx, reinforcing its reliability and transparency, compliant with the stringent regulations of El Salvador.
