What is the MSB?
The full name of MSB is Money Services Business. It is a financial licence supervised and issued by FinCEN. The main target of the regulation are companies and businesses related to the provision of foreign exchange services, including cryptocurrency transactions, foreign exchange, international money transfers and other activities. In March 2018, the US Treasury and the Securities and Exchange Commission clarified that US cryptocurrency exchanges and their digital asset managers must register for an MSB license with FinCEN. In other words: You must have an MSB license to operate a digital business in the United States.
The MSB license is also the standard license for international organizations trading cryptocurrencies. Currently, this license covers top platforms such as Coinbase, Bitfinex, Poloniex and Huobi. This has further improved the overall compliance of Bexplus.
Going forward, Bexplus will continue to perform global compliance work, provide global oversight, become the industry’s leading platform for international transactions, and provide more professional, secure and compliant cryptocurrency transaction services to global users.
Consequences of the absence of an export licence
Bitcoin, which went public in 2009, has grown more than 5 million times in just eight years. The current bitcoin craze has allowed criminals at home and abroad to abuse people’s psychology to get rich quick and use the concept of virtual currency to devise various MLM scams.
Some bitcoin exchange platforms disappear immediately after you deposit bitcoins on the platform, other unlicensed exchange platforms even steal bitcoins from your wallet. After that, their website will cease to exist and the traders will have no way to defend their rights. There are too many pitfalls in the market, people will fall into them if they are not careful. Therefore, the first step when choosing an official trading platform is to check if it has an MSB license. Without a license, trading on this platform is risky because the trader has no government protection.
Legal tender digital currency futures – Bexplus!
Bexplus is a leading crypto derivatives platform offering 100x leverage on BTC, ETH, EOS, LTC and XRP futures. Explus is headquartered in Hong Kong and is trusted by over 100,000 people. Bexplus has a global presence, including the United States, Japan, Korea and Iran. No KYC, no deposit fees, traders can enjoy the most attentive services including 24/7 customer support.
Most importantly, the leverage is 100 times higher!
But how does it work?
Let’s say we use 1 BTC to open a long contract when bitcoin is at $10,000. Note that with a leverage of 100x, 1 BTC can open a contract worth 100 BTC.
A day later, the price of bitcoin climbs to $10,500. The profit is ($10,500 – $10,000) * 100 BTC/$10,500 *100% = 4.76 BTC, which is a return on investment of 476%.
Now, with the 100% bonus from Bexplus, our initial investment will be 2 BTC and the profit made with this 2 BTC will be 9.52 BTC and the ROI will also double to 952%.
It is important to be careful when using leverage, as the returns can be excellent, but liquidation is easier when the price falls.
Bexplus – recommended trading platform with leverage
– No KYC requirements, registration with email verification
– Demo account with 10 BTC to introduce traders to leveraged trading.
– 100% bonus for each deposit and 10% of the transaction fee
– Intuitive and fully functional Apple App Store and Google Play.
– Affiliate program with up to 50% commission.
– 24/7 customer support and analytical service
BTC Wallet: up to 21% per year without any risk.
If you want to take a short break, the BTC Bexplus wallet can help you make juicy profits without trading. With an average annual return that can be as high as 21%, it is by far one of the most profitable in the industry. While most lending platforms require traders to deposit at least 1 BTC, at Bexplus traders can deposit as little as 0.05 BTC.
What can I do with the bonus?
The bonus is not withdrawn, but traders can use it as margin to open larger positions and make higher profits. Winnings made with the bonus may be withdrawn. In addition, with higher margin, traders’ positions are less likely to be liquidated in the event of large price fluctuations.
You may not be able to buy bitcoin cheaply, but you can still profit handsomely from bitcoin’s resurgence. If you’re ready to amass more BTC.
If you are ready to accumulate more BTC.
Become a member of Bexplus and receive your bonus now!
Denial. This is a paid press release. Readers should perform their own due diligence before taking any action regarding the advertised company or any of its affiliates or services. .com shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
frequently asked questions
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