Freedx Secures DASP License in El Salvador, Boosts Crypto Compliance

Freedx, a centralized cryptocurrency exchange catering to 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 CNAD's President, Juan Carlos Reyes, commended Freedx for its professionalism and readiness, highlighting the rigorous compliance standards that the DASP license entails.

With this license, Freedx joins an exclusive group of organizations operating under El Salvador's stringent regulatory framework. This ensures increased regulatory oversight, security, and transparency for users, fostering confidence in trading and investing within the platform. The pro-crypto policies and growing blockchain ecosystem in El Salvador present exciting opportunities for investment and innovation.

Freedx is expanding its global presence by participating 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 engage in panel discussions at the main stage. At the Digital Asset Summit, the company will showcase its brand across the conference hall.

Jonathan Farnell, CEO of Freedx, expressed his excitement and honor in receiving the DASP license, emphasizing El Salvador's role as a beacon in the crypto space. Raks Sondhi, COO of Freedx, highlighted that this achievement reinforces the exchange's dedication to security, transparency, and innovation, ensuring that user funds are managed securely and in full compliance with legal requirements.

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

For more information about Freedx and to stay updated on 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 successfully complete onboarding and KYC verification, subject to jurisdictional restrictions and relevant laws.