BitMart Secures TCSP License for Digital Asset Custody Services

BitMart, a prominent digital asset trading platform, has announced that its local subsidiary has successfully obtained a Trust or Company Service Provider (TCSP) License issued by the Companies Registry. This license allows the subsidiary to provide digital asset custody services and other related activities within the jurisdiction. The TCSP License is a significant milestone for BitMart as it enables the platform to offer secure and compliant digital asset custody services to its users.

With the acquisition of the TCSP License, BitMart is actively building a compliant licensed platform that adheres to the Virtual Asset Trading Platform (VATP) regulatory framework. This framework ensures that the platform implements robust Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF) measures. By complying with these regulations, BitMart aims to create a secure and reliable environment for every transaction, thereby enhancing user trust and confidence in the platform.

The TCSP License is a testament to BitMart's commitment to regulatory compliance and its efforts to provide a secure and transparent digital asset trading environment. By obtaining this license, BitMart joins a select group of digital asset platforms that have met the stringent regulatory requirements set by the Companies Registry. This achievement positions BitMart as a leader in the digital asset industry, demonstrating its dedication to compliance and user protection.

The acquisition of the TCSP License by BitMart's local subsidiary is a significant development in the digital asset industry. It underscores the growing importance of regulatory compliance in the sector and the need for digital asset platforms to adhere to stringent regulatory standards. By obtaining the TCSP License, BitMart has taken a crucial step towards building a compliant and secure digital asset trading platform that meets the needs of its users and the regulatory requirements of the jurisdiction.