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, having recognized 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 a select group of organizations operating under El Salvador's stringent regulatory framework. This ensures increased regulatory oversight, security, and transparency for users, allowing them to trade and invest with confidence. The pro-crypto policies and growing blockchain ecosystem in El Salvador present exciting opportunities for investment and innovation.

Freedx is continuing its global expansion by 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 Digital Asset Summit, the company will focus on exhibiting its brand across the conference hall.

Jonathan Farnell, CEO of 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 of Freedx, emphasized that this achievement reinforces the exchange's dedication to security, transparency, and innovation in the digital asset space.

Freedx was founded by a team of industry veterans from top financial and crypto institutions, bringing together deep expertise in trading, technology, and risk management. The exchange combines professional-grade trading technology with a user-friendly interface, empowering a broad spectrum of users to trade confidently in the digital asset landscape.

To learn more about Freedx and stay informed of the latest developments, users can visit the official website or follow the exchange 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.