Freedx Secures DASP License in El Salvador, Boosts Crypto Compliance

Freedx, a centralized cryptocurrency exchange designed for both newcomers and experienced traders, has been granted a Digital Asset Service Provider (DASP) license by the Comisión Nacional de Activos Digitales (CNAD) in El Salvador. This achievement underscores Freedx's commitment to becoming a trusted, compliant, and accountable platform within the crypto ecosystem.

El Salvador has been at the forefront of crypto-forward policies, beginning with the recognition of Bitcoin as legal tender in 2021. The enactment of its Digital Assets Law in 2023 further solidified the country's position as a global hub for digital assets, attracting major industry players. The CNAD's President, Juan Carlos Reyes, commended Freedx for its professionalism and readiness, highlighting the exchange's preparedness to launch a successful company.

Obtaining the DASP license places Freedx among a select group of organizations that have met El Salvador's rigorous compliance standards. This license ensures that Freedx operates within the country's legal framework, providing users with increased regulatory oversight, security, and transparency. As a result, users can trade and invest with confidence, knowing their assets are managed under strict compliance.

Freedx's goal to establish itself as a global platform is further evidenced by its participation in two major conferences: Paris Blockchain Week (PBW) and the El Salvador Digital Asset Summit. At PBW, Freedx will sponsor an exclusive VIP dinner at The Louvre and participate in panel discussions at the main stage. At the Digital Asset Summit, Freedx will focus on exhibiting its brand across the conference hall.

Jonathan Farnell, CEO at Freedx, expressed his excitement and honor in receiving the DASP license, noting that El Salvador is setting the standard for countries undergoing a digital and technological revolution. Raks Sondhi, COO at Freedx, emphasized that this achievement reinforces the exchange's dedication to security, transparency, and innovation in the digital asset space. Operating under El Salvador's strict regulatory framework ensures that Freedx maintains the highest standards in listing assets and handling user deposits, safeguarding user funds and instilling confidence in the platform.

Freedx is a next-generation cryptocurrency exchange founded by industry veterans from top financial and crypto institutions. The exchange combines professional-grade trading technology with a sleek and intuitive interface, empowering a broad spectrum of users to trade confidently in the rapidly evolving digital asset landscape.

To learn more about Freedx and stay informed of the latest developments, users can visit the official website or follow Freedx on social media. Freedx operates in full compliance with applicable regulatory frameworks and is accessible only to users who sign up on their own initiative, with access to platform features subject to jurisdictional restrictions and compliance with relevant laws.