Recently, we noticed that DIGZAX Exchange was listed on the website of the Malaysian Securities Commission as a potential risk for not having acquired a local compliance license. We hereby issue this statement to clarify the relevant facts.
Compliance as a Core Principle of DIGZAX
Since its establishment in the United States in 2019, DIGZAX Exchange has strictly adhered to regulatory requirements, with compliance as its operational foundation. Not only did we obtain the U.S. MSB (Money Services Business) license in early 2021, but we also successfully acquired the U.S. Securities and Exchange Commission (SEC) license this November (this month), becoming one of the first cryptocurrency exchanges to receive an SEC license. These credentials fully demonstrate the capability and commitment of DIGZAX to compliant operations and user rights protection.
Reason for Inclusion on the Malaysian Securities Commission List
According to Malaysian regulatory requirements, only locally registered companies can apply for a cryptocurrency operating license. Since DIGZAX is registered in the United States, it does not meet the conditions to apply for a Malaysian license. However, this geographical limitation should not be interpreted as non-compliance. DIGZAX Exchange consistently adheres to cryptocurrency regulations in all countries, including Malaysia, and fully complies with international compliance standards.
Being listed as a potential risk does not accurately reflect the actual operational status of DIGZAX. It is noteworthy that many internationally renowned exchanges, such as Binance and OKEx, are also listed for similar reasons. This phenomenon reflects more on the differences in regional regulatory requirements rather than the compliance issues of the platforms. We have already contacted the Malaysian Securities Commission to proactively explain the situation and express our positive attitude towards enhancing regulatory transparency and cooperation.
To Users and Partners
This incident will not affect the normal operations of DIGZAX Exchange. We continue to adhere to compliance principles and maintain close communication with regulatory bodies worldwide to ensure that all user rights are fully protected.
We thank our users and partners for their continued trust and support for DIGZAX. We hope this clarification helps users better understand the truth of the situation. If you have any questions, please feel free to contact us through official channels.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: DIGZAX BLOCKCHAIN DEVELOPMENT INC
Contact Person: Darma
Email: Send Email
Country: United States
Website: https://www.digzax.co
