Freedx Secures DASP License in El Salvador, Boosts Crypto Compliance

Freedx, a centralized cryptocurrency exchange designed for both novice 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 cryptocurrency ecosystem.

El Salvador has been at the forefront of crypto-friendly policies, beginning with the recognition of Bitcoin as legal tender in 2021. The country's Digital Assets Law, enacted in 2023, has positioned it as a global hub for digital assets, attracting major industry players. The DASP license, known for its rigorous compliance standards, ensures that Freedx operates within the country's legal framework, providing users with increased regulatory oversight, security, and transparency.

Juan Carlos Reyes, President of CNAD, commended Freedx for its professionalism and preparation, noting that the exchange's readiness to launch a successful company aligns with the high standards required for obtaining the DASP license. This license not only safeguards user funds but also instills confidence that their assets are managed securely and in full compliance with legal requirements.

Freedx's achievement is a significant milestone, as it is now part of a select group of organizations that have obtained the DASP license in El Salvador. The exchange's commitment to security, transparency, and innovation is reinforced by its operation under El Salvador's strict regulatory framework. This license ensures that Freedx maintains the highest standards in listing assets and handling user deposits, providing users with a compliant and transparent experience.

Continuing its goal to establish itself as a global platform, Freedx is attending 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 of the event. 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, stating that El Salvador is a beacon in the crypto space and is setting the standard for countries looking to undergo a digital and technological revolution. Raks Sondhi, COO at Freedx, echoed this sentiment, highlighting that this achievement marks a pivotal step forward for the exchange, reinforcing its dedication to security, transparency, and innovation in the digital asset space.

Freedx is a next-generation cryptocurrency exchange founded by a team of 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, S.A. de C.V, trading under the brand name of Freedx, is a licensed and regulated cryptocurrency exchange and Bitcoin service provider under the laws of El Salvador, operating in full compliance with applicable regulatory frameworks.