US-based digital asset trading platform Tidorx Exchange has launched its ‘Global Compliance Program’ to further expand its global presence and business compliance.
The programme ensures that the company operates in line with legal regulations while providing a safe and legitimate digital asset trading environment for global users.
As part of its global compliance strategy, Tidorx will strengthen its compliance in the US and will apply for compliance licenses in Europe, Asia, and other regions within a few months.
The compliance qualifications will allow the company to operate legally in the new territories.
Tidorx has secured the Money Services Business (MSB) license from the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to ensure compliance.
Its compliance team is actively working with financial regulatory authorities in Europe and Asia, to apply for EU financial licence (MiFID II) and licenses from Singapore and Hong Kong.
Tidorx compliance team head said: “Global compliance is a core pillar of Tidorx’s strategic development. Tidorx must not only meet existing regulatory requirements but also prepare for future international expansion.
“Its goal is to ensure that Tidorx consistently adheres to the laws of each country, providing trustworthy services to its users.
“Tidorx will maintain close cooperation with regulatory agencies in various countries to ensure uniformity and transparency in compliance standards.”
Tidorx has created a complex risk control and compliance system within the platform, to ensure the smooth implementation of its compliance programme.
The company incorporated advanced encryption technology and multi-layered security measures in the system to protect user assets.
Also, it has adopted AML (anti-money laundering) and KYC (know your customer) technologies for user identity verification and transaction monitoring to ensure the legality of all transactions.
In addition to compliance efforts, Tidorx’s global expansion is also supported by its strong technological capabilities and an experienced operational team comprising top industry experts.
Furthermore, the digital asset trading company aims to significantly enhance its credibility among international users, improve its brand reputation, and expand its market share.
