Xcoins on Track to Receive Cryptocurrency License After in-Principle Approval From MFSA

At Xcoins, we have achieved a milestone. We’re happy to announce that we have just received our In-Principle Approval for the Class 3 VFA License issued by the Malta Financial Services Authority (MFSA). This demonstrates our dedication to developing internal policies and processes that are in line with the highest standard within the industry. 

Obtaining a license from the MSFA is a natural step forward for Xcoins, as our business strategy focuses on global expansion and exceeding customer expectations. This is a regulatory achievement that only a few leading cryptocurrency platforms have received. 

The VFA license awarded by recognized regulatory bodies means you, the customer, can feel secure that when trading cryptocurrencies with Xcoins, you are using a platform that secures your data and crypto and fiat currencies.

CEO and Founder at Xcoins, Rob Frye says, “Being one of the first cryptocurrency platforms to receive In-Principle approval by the MFSA, for a Class 3 VFA license, is a historic milestone for Xcoins. We look forward to serving customers globally and securing additional licenses throughout 2021.”

We will continue to fulfill the conditions and obligations outlined in international laws and regulations because we’re committed to providing compliant and secure cryptocurrency services globally.