IronX Crypto Exchange Awarded Regulatory Licence By Estonia FIU

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(Last Updated On: December 29, 2018)

IronX, the new Crypto Exchange joint venture between leading global online broker IronFX Group and EmurgoHK, creator of the Cardano , today announces it has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).

This Estonian Financial Intelligence Unit license allows IronX to operate as a fully regulated exchange for the trading of cryptocurrencies, as part of their drive to set the industry standard and one of the first in Europe to seek and receive this level of approval.

IronX chose to obtain its licence in Estonia, a full EU member-state and on the forefront of introducing fit-for-purpose cryptocurrency regulation. The country is recognised for its high level of governance with its pro-innovation approach towards the advancement of DLTs and cryptocurrency regulation. Estonia has utilised technology in its own health, judicial, legislative, security and commercial code registries since early 2012.

The new licence allows IronX to operate as a:

Provider of a virtual currency against a fiat currency exchange service
Provider of a virtual currency wallet service

The granting of the licences, a month earlier than IronX expected, due to its rigorous application process and well-established global reputation for online broking, will provide increased security for cryptocurrency traders and users of its new cryptocurrency exchange.

By establishing a regulated, ‘best-of-breed’ and modern digital exchange, IronX will provide an increase in adoption and awareness of cryptocurrencies and cryptocurrency trading, leading to a more efficient, secured and better-serviced trading environment to the early adopters of this exciting niche of the financial services market.

The IronX Exchange is expected to launch by the end of September with a priority opening for VIP IRX token holders to its beta version and official launch to the public planned for December 2018.

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