On May 17, 2019, BIONE Exchange was officially granted the Exchange License issued by the U.S. Department of the Treasury, which means that BIONE Exchange can legally conduct token transaction business in 49 states and overseas markets.

According to the official, besides the U.S. MSB license, BIONE Exchange has actively laid out the global market. Its professional team is contacting Estonia, Malta, Australia and other countries about the exchange license.

Since 2013, the U.S. Department of the Treasury and U.S. Securities and Exchange Commission have repeatedly clearly emphasized that MSB (Money Services Business) is a virtual currency exchange and its managers. The regulated objects are financial services-related businesses and companies, the scope of which includes international remittances, foreign exchange, currency transactions/transfers (including digital/virtual currency), ICO issuance, provision of prepaid items, and issuance of travelers’ cheques and other businesses management. Only with license can the exchanges engage in digital asset-related business in the United States. That is, BIONE Exchange and its related blockchain project R & D services, including digital asset registration, blockchain wallet service, blockchain browser and various mobile phone APP wallets, etc. must obtain the license to gain the legal status in the United States.

BIONE Exchange is one of the world’s top cryptocurrency exchanges. The exchange has been adhering to the principles of user first, security first and service first, and is committed to create a global, borderless and integrated ecosystem.

Licensed exchanges are of great significance. It reflects the political strength and credit of the exchanges themselves by obtaining the official permission of the relevant countries. Licensed exchanges are also natural barriers for screening among lots of exchanges. However, the regulatory compliance also means that users’ investments will be legally protected.

At present, BIONE is actively exploring the global market, hoping to provide more worldwide users the safe and convenient digital asset trading services.

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Country: Singapore
Website: www.bione.cc