At Tozex, we want a regulated industry that protects customers (especially after taking into account the recent situations that have occurred on many popular crypto exchanges) while supporting innovation. Because we believe that regulatory compliance is essential for the successful long-term development of a crypto-asset-solution provider, we anticipate the regulatory requirement by becoming the first crypto exchange to be fully regulated under MIFID II.
Currently, crypto assets don’t have any clear definition under European financial law. A crypto asset can represent various digital assets with attached financial, political, or product-based rights, however, the qualification of the financial instrument could be retained for those crypto assets that offer similar financial and/or political rights as those attached to traditional securities (equities or bonds). These crypto assets could fall under the definition of financial instruments from the MIFID II Directive.
This directive expresses that financial instruments could be negotiated only through compliant MIFID platforms. From this perspective, Tozex will be the first crypto asset exchange made available to financial institutions.
Given the current climate, we offer a unique opportunity for a completely regulated, extremely secure trading platform for institutions and their clients.
Tozex is in the process of acquiring a financial license that grants high transparency and extremely secure access to crypto-asset trading.
Visit https://tozex.io to see more!
