BIGO has recently obtained a U.S. MSB financial license that is regulated and licensed by FINCEN (Financial Crime Enforcement Agency of the U.S. Department of the Treasury), which means that BIGO has been approved by local U.S. regulatory agencies. It can promote the development of digital financial derivatives and other businesses.
The full name of MSB is Money Services Business, which is a financial license supervised and issued by FINCEN. The main regulated objects are money service related businesses and companies, including digital currency transactions, foreign exchange, international remittance and other businesses. In March 2018, the US Treasury the Ministry and the China Securities Regulatory Commission have clearly emphasized that virtual currency exchanges and their managers engaged in digital asset-related businesses in the United States must register MSB licenses with FINCEN and must also comply with anti-money laundering and anti-terrorism financing regulations. In other words, think to carry out digital currency related business in the United States in compliance, MSB license is essential.
Since going online in June 2020, BIGO has been adhering to the service philosophy of user first, adhering to the principle of fairness and transparency in trading and being trusted by global investors. It currently supports Chinese, English and other multi-language, focusing on serving digital asset derivatives financial transactions. The excellent technical team and the powerful empowerment of the intelligent engine allow the BIGO platform to provide 24/7 trading, flexible lever configuration, and rich mainstream perpetual contracts, which are very popular among users!
BIGO is an exchange focused on blockchain contracts. It is created by a senior technical team with more than ten years of front-line development experience. Its members are mainly from Ali, Baidu, Tencent and other well-known enterprises. It has served many head or well-known projects. BIGO Exchange is registered in Colorado, USA, and has offices in many places around the world or has established close cooperation with local institutions, including the United States, China, Singapore, Japan, etc.
BIGO can be said to be a comprehensive exchange that combines security, stability and efficiency. All contracts use USDT and ETH as the settlement unit, and support multi-currency recharge (USDT` `ETH``, etc.). The development of digital currency exchanges has also ushered in explosive growth. The current transaction volume of the digital currency market in 24h is about one trillion yuan
On the other hand, three of the top 30 currencies in the total market value of digital currencies are exchange platform coins, which also fully demonstrates the broad market of digital currency transactions. BIGO has opened multiple mainstream currency contract trading pairs. All trading pairs are the mainstream currencies listed on the top 20 exchanges in the world. And provide a recharge channel for USDT stable currency, user assets are stored in multi-signature wallets. And the reaction is rapid during transactions, and the speed of arrival and exchange is extremely fast. , Which provides a guarantee for efficient investment. At the same time, a large number of blockchain professionals and strategic hedging experts have been gathered to ensure the safety of the trading platform.
