Freedx crypto exchange has gotten a DASP (Digital Asset Service Provider) from the Comisión Nacional de Activos Digitales (CNAD) in El Salvador, allowing it to legally run its platform in the country.
Now that it’s approved, people using Freedx in El Salvador will know their funds are being managed by a legal, secure, and trusted platform.
CNAD President Juan Carlos Reyes said, “We are truly impressed by the professionalism and preparation demonstrated by the Freedx team. Their readiness to launch a successful company is exactly what we are looking for.”
This makes Freedx part of a small group of companies that have successfully met El Salvador’s high standards
CEO Jonathan Farnell said, “We are all thrilled and honoured to have been granted the coveted DASP license by the Comisión Nacional de Activos Digitales. El Salvador is a beacon in the crypto space and is setting the standard for countries looking to undergo a digital and technological revolution.”
El Salvador became the first country in the world to accept Bitcoin as legal money in 2021. Then, in 2023, it introduced a new law to attract digital asset companies. Big names like Tether and Binance have already jumped in, and now Freedx is joining the list.
According to Freedx CEO Jonathan Farnell, “El Salvador is a beacon in the crypto space and is setting the standard for countries looking to undergo a digital and technological revolution.”
To keep building its presence, Freedx is heading to some major crypto events. It will sponsor a VIP dinner at The Louvre during Paris Blockchain Week and take part in panels on the main stage. At the same time, it will showcase its brand at the El Salvador Digital Asset Summit, bringing more attention to its platform.
COO Raks Sondhi said, “This achievement marks a pivotal step forward for our exchange, reinforcing our dedication to security, transparency, and innovation in the digital asset space.”
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