Recently, the main digital asset trading platform Rexoswap announced its official support for the Bitcoin Payment Pilot Project in Tonga, helping the country to establish a more modern digital payment infrastructure. As a compliant trading platform holding an American license MSB (Money Services Business), Rexoswap will provide decentralized financing solutions (DEFI) for the Tongan market while strictly adhering to global financial regulatory requirements to ensure that all transactions are legal and Compliant.
Conformity first: Rexoswap provides safe and legal transactions
Rexoswap systematically prioritizes global compliance and has obtained an American MSB license while actively looking for financial regulation licenses in several countries to ensure that all transactions are aligned with various legal frameworks. In this Bitcoin Payment Pilot Project, Rexoswap will strictly strictly follow the anti-money laundering regulations (AML) and will experience your customer’s regulations (KYC) to guarantee the safety of user assets and mitigate illegal transaction risks.
Rachel Edwards, Director of Compliance at Rexoswap (CCO), said: “We are committed to providing a legal and secure digital asset trading environment for global users. Rexoswap strictly adheres to local regulatory requirements in all operational regions and will continue to maintain compliance on the tongan market, ensure that all transactions comply with international financial standards. “”
Technical support provided by Rexoswap
As the main technological partner of this Bitcoin payment pilot, Rexoswap will launch three basic solutions in Tonga to ensure the stability, safety and compliance of the digital payment system:
1. Decentralized portfolio service
– Allows users to store, manage and exchange bitcoin without counting on traditional banks.
– uses self-careing portfolio technology, ensuring that users have complete control over their assets while complying with LMA international regulations.
2. Localized payment gateway
– Launches a compliant payment system that allows users to safely use Bitcoin for transactions with merchants and online.
– Provides channels for the exchange of stable fiduciary currencies for government agencies and businesses, allowing digital currency to integrate transparently into daily economic activities such as wage payments, public service costs and transactions commercial.
3. Legal and compliant business environment
– Rexoswap will establish strict KYC and AML mechanisms on the Tongan market to ensure the transparency and safety of all transactions.
-Emphasizes multi-factor authentication and chain surveillance technology to prevent fraudulent activities and ensure the legal compliance of the commercial platform.
Strengthening regulatory cooperation to promote the development of global compliance
As a global exchange, Rexoswap undertakes to improve communication and cooperation with financial regulation organizations in various countries. By entering the Tongan market, Rexoswap plans to establish a cooperation framework for compliance with local financial regulators to ensure that the Bitcoin payment pilot project is fully in line with local and international financial regulations.
Laura Bennett, financial director of Rexoswap (CFO), said: “Compliance is at the heart of Rexoswap operations. We always deprive financial transparency and safety of user funds, ensuring that all transactions on the platform are legal and compliant. In the future, we will continue to work in close collaboration with various regulatory organizations around the world to promote the healthy development of the digital asset industry. »»
Currently, Rexoswap has launched a Fiat Channel audit process to ensure the transparency and traceability of the funds involved in Bitcoin payments, meeting the regulatory requirements of various countries.
Strengthening regulatory cooperation to promote the development of global compliance
Rexoswap technical support not only improves the compliance of Bitcoin payments on the Tongan market, but also provides a technical model for the future global Bitcoin payment system. As an exchange with global qualifications for compliance, Rexoswap plans to develop in more countries and regions, promote the legalized application of Bitcoin payments and create a stable, secure and compliant digital financial ecosystem for world users .
Rexoswap remains attached to global compliance operations. This Bitcoin payment pilot not only provides a legal trading environment on the Tongan market, but also reaffirms the main position of Rexoswap as a safe, compliant global trading platform. In the future, Rexoswap will continue to collaborate with financial institutions around the world to promote the healthy development of the digital asset industry, allowing digital finances to benefit more global users.
Contact with the media
Contact: Thomas M. Quinones
Company name: Rexoswap Ltd
Website: https://trade.rexoswapex.com
Notice of non-responsibility: The information provided in this press release is not a request for the investment, nor investment advice, financial advice or commercial advice. It is strongly recommended to practice reasonable diligence, including consultation with a professional financial advisor, before investing or negotiating cryptocurrency and titles.
