EU VASP Licence

At BXNK, we understand that user trust is paramount. We are committed to being a fully regulated platform. Thus, we obtained the EU Virtual Asset Service Provider (VASP) license. This not only ensures the safety and security of your user assets but also fosters a transparent and accountable environment for everyone involved in the BXNK ecosystem.The VASP license application process can vary depending on jurisdiction, but it typically involves undergoing a rigorous review by financial authorities. This review assesses our platform's security measures, Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures, and overall operational framework. By successfully obtaining a VASP license, BXNK demonstrates its commitment to:

• Consumer Protection: We prioritize safeguarding user funds and preventing financial crime. Our robust KYC/AML procedures help prevent fraud and ensure the legitimate use of our platform.

• Market Transparency: We are committed to operating with transparency and adhering to all relevant regulations. This foster trust within the cryptocurrency market and paves the way for wider adoption.

• Collaboration with Regulators: We actively engage with regulatory bodies to ensure compliance with evolving standards. This collaborative approach helps shape a future-proof financial landscape for the benefit of all stakeholders.

By prioritizing regulatory compliance, BXNK positions itself as a trustworthy partner.

BXNK are in process of obtaining licences in other jurisdictions.