TreasureNFT, the world’s first and exclusive algorithm-based integrated NFT trading platform has stepped to an outstanding achievement after obtaining its Money Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This tremendous feat puts TreasureNFT at the forefront of compliance within the blockchain and cryptocurrency industry satisfying its users engaged in safe and secure trade. First, holding the MSB license as a platform increases confidence in its work, secondly, it expands opportunities for further expansion in North America, which is an essential step in the development of TreasureNFT.
A Step Towards Compliance and Security
It is therefore extremely challenging to obtain an MSB license particularly from FINTRAC, as one has to agree to abide by the stringent financial regulation to fight money laundering and terrorist financing. This is not only a great accomplishment in meeting the administrative regulation; it is a clear manifestation of TreasureNFT’s efforts to secure its users and build a trustworthy NFT space.
To the NFT traders, the MSB license means they are trading in a platform with high levels of security in place. This extra layer of compliance also increases user security as well as brings the credibility to TreasureNFT as a reliable participant in the digital asset market.
Pioneering Innovation in NFT Trading
TreasureNFT has always been innovative, and now its approach to the trading model has become incredibly unique and experimental. The platform addresses one of the most significant issues concerning the NFT space today: illiquidity. TreasureNFT as an important intermediary market provides liquidity for a broad list of NFT assets that can be confidently stated that it helps enhance the efficiency of trade, as users rarely face such problems as time delays and high volatility of prices typical for most marketplaces.
Besides the goal of increasing liquidity, the algorithm-based trading strategy also contributes positively to the user experience since OS users are allowed to view real-time price information and then trade with accuracy. Due to this technology-led innovation, TreasureNFT is now in line to be a significant market maker in NFT and the acquisition of the MSB license has further placed the platform as a secure, advanced, and compliant trading platform.
Entering the North American Market
This is where TreasureNFT emerges as a perfect candidate for growth in North America backed by the MSB license from FINTRAC. The license Is an important development towards compliance and operation In one of the biggest and most saturated areas for crypto and digital assets. Through meeting all the North American financial regulations, TreasureNFT has the chance to expand its range of services, and attract a bigger audience for its trading solutions.
Enhancing User Trust and Transparency
Where many other NFT trading platforms fail to work in compliance with the law, TreasureNFT fully follows all regulations concerning this kind of business. The MSB license coupled with the nature of its business puts the platform under the watch of regulatory authorities, thus, users trade on the right side knowing that the platform they are dealing with is legitimate.
With the help of this licence, TreasureNFT is not only raising its position in the NFT segment but also gradually developing a digital asset environment. Transparency and security as well as the focus of the development that creates a solid basis for a sustainable, long-term ecosystem for NFT traders, meet the platform’s strategic goals for the long-term future.
Conclusion
It was a win-win for TreasureNFT when it secured the MSB license from FINTRAC in a push for the company’s global compliance. The new approach to algorithmic trading and high levels of security and transparency made the platform stand out among similar NFT market places. While TreasureNFT has alongside established its presence in the North American market, it will hold compliance and protection of users as key focal points it aims to continue bringing a safer and more effective trading platform for the NFT community across the globe.