BitMart Secures TCSP License for Digital Asset Custody Services

BitMart, a prominent global digital asset trading platform, has announced that its local affiliate has been granted the Trust or Company Service Provider (TCSP) license from the Companies Registry. This license allows the holder to provide digital asset custody services within the jurisdiction, along with other related activities.

Securing the TCSP license is a significant achievement for BitMart, demonstrating the company's commitment to regulatory compliance and its dedication to upholding anti-money laundering (AML) and counter-terrorist financing (CTF) obligations. By implementing advanced compliance mechanisms, BitMart ensures that every transaction occurs within a secure and reliable environment.

From its inception, BitMart has prioritized compliance as a core aspect of its operations. The platform has developed tailored regulatory strategies for each market it serves, continuously enhancing its compliance systems to stay at the forefront of global regulatory and security standards. This commitment aims to build a platform that users can trust.

BitMart is actively constructing a compliant platform under the regulatory framework governing Virtual Asset Trading Platforms (VATPs). The acquisition of the TCSP license is a crucial step in BitMart’s global expansion strategy, reinforcing its commitment to offering trustworthy services that meet the evolving needs of its clients worldwide.

BitMart is recognized as a leading global digital asset trading platform, with millions of users and a wide range of trading pairs. The platform is dedicated to the potential of cryptocurrencies to drive innovation and promote financial inclusion. Users can learn more about BitMart through its website, social media channels, and mobile app, which provides updates, news, and promotions.

It is important to note that the use of BitMart services is at the user's own risk. All crypto investments, including earnings, are highly speculative and involve substantial risk of loss. The value of digital currencies can fluctuate significantly, and users should carefully consider whether trading or holding digital currencies is suitable for them based on their personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.