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BAORUI Awarded the Canadian MSB License, Embarking on a Global Path to Compliance

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BAORUI Awarded the Canadian MSB License, Embarking on a Global Path to Compliance

January 23
18:52 2024

Recently, the crypto industry turned its attention once again to the BAORUI Exchange. BAORUI has been honored with the Canadian MSB (Money Services Business) license, an emblematic event showcasing its unwavering commitment and exemplary practice in global expansion and compliance.

Andrew Griffiths, the brand head for BAORUI, announced, “Securing the Canadian MSB license is the best testament to BAORUI’s continuous pursuit of compliance and the quality of financial services. This significant step signifies that BAORUI has reached a new starting point in its influence and compliant practices within the international financial domain.”

Obtaining the Canadian MSB license is no small feat for any financial institution. It requires rigorous scrutiny covering areas such as financial transaction processing, client funds security, and information security. This achievement underscores that BAORUI has met the highest international standards for financial services.

Andrew added, “BAORUI profoundly recognizes the value of customer trust. What we offer extends beyond cutting-edge financial technology and services; it’s a steadfast commitment to compliance and safeguarding client interests.”

With the rapid development of the digital economy, financial services and technology have become focal points of global competition. Against this backdrop, BAORUI consistently upholds innovation, staying abreast of the times, and ensures that while providing efficient and convenient financial services to clients, it never strays from the path of compliance.

Andrew stated, “With the successful acquisition of the Canadian MSB license, we’re geared up for global expansion. In the future, we look forward to offering top-tier crypto services in more countries and regions, never forgetting our roots and continuously fortifying our commitment to compliance.”

BAORUI’s success isn’t merely hinged on a license. Over the past several years, it has established a solid business foundation and brand recognition across numerous countries and regions. This attainment of the Canadian MSB license can be attributed to its stellar reputation and business practices cultivated on a global scale.

This milestone for BAORUI marks a fresh beginning on the world’s financial stage. Its commitment to compliance and promise to its clients foretell BAORUI’s robust future development in the financial sector. As it faces the road ahead, be it opportunities or challenges, BAORUI stands prepared, ready to continue its legendary journey on an even grander stage.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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